Doubts about the viability of standard management fees in senior living are increasing and — after years of debate and hand-wringing — the time has come for a more sustainable contract. As investors pour capital into the industry and owners continue to assemble portfolios, some are forging management agreements with new operators. For owners and […]
Blue Moon Capital
During the last year, many senior living ownership groups worked closely with operators and granted them leeway on certain pre-pandemic expectations. But the situation is now changing, creating tension and generating debate about whether new capital structures are needed. Corporate talent management firm Ferguson Partners recently had conversations with 13 industry executives, including owner and […]
JLL recently closed the sale of a 16-property senior living portfolio and is on track to log more than $600 million in sales this quarter. The 16 properties were previously owned by a publicly traded real estate investment trust (REIT) and were acquired by a non-traded REIT, Mike Garbers, managing director, capital markets, told Senior […]
Aegis Living has struck a joint venture agreement with private equity firm Blue Moon Capital Partners, through a transaction involving three assisted living and memory care properties. This marks the first time that Aegis, founded in 1997 and privately held, has partnered with an institutional investor. On behalf of an institutional separate account client seeking […]
Leader Tapped for Berkadia’s New Investment Sales Platform Berkadia is launching an investment sales platform within its Seniors Housing and Healthcare Group, and has named Senior Director Jason Krug to lead. Krug is based out of the Detroit office of Berkadia, which is a joint venture of Berkshire Hathaway and Leucadia National Corporation, and offers […]
The countdown is on to the 4th annual Senior Housing News Summit. In just 30 days, some of the biggest names in the industry will convene in Chicago for the one-day event. The July 16 Summit will bring you business insight and access to leading executives in the senior living industry. Purchase your ticket before they sell out to ensure […]