In the Pipeline: Ryan Cos., Great Lakes Plan Minnesota Project; Brightview Grows in Maryland

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned Ryan Cos., Great Lakes Plan Minnesota Community Ryan Companies and Great Lakes Management are collaborating on a senior living community […]

Older Senior Housing Properties Show Strong Occupancy But Investments Needed

Conventional wisdom states that consumers are attracted to shiny new senior housing product that has flooded certain markets in recent years, putting older properties at a disadvantage and eroding their occupancy. This is not necessarily the case, as statistics show that top-performing senior housing properties tend to be between 10 and 17 years old. However, […]

How ‘Life Care’ Pricing Jeopardizes CCRCs

Some non-profit continuing care retirement communities (CCRCs) need to trim the fat and raise rates if they want to thrive—or survive. The issue is with commonly used pricing practices, according to Joe Mulligan, managing director at investment banking firm Cain Brothers. Mulligan co-authored a recent report titled “Beyond Blue Plate Specials: Rethinking Senior Care Pricing” that details […]

Senior Housing Finance Activity: Love Funding, NHI

Love Funding Closes $19 Million Loan for Affordable Apartment Community in Virginia Washington, D.C.-based Love Funding recently announced the closing of a $19 million loan meant to preserve and refurbish Tysons Tower, an 274-unit affordable senior housing community in Vienna, Virginia.  Tysons Tower was built in 1976 by The Fairfax Education Association Retirement Housing Corporation […]

Senior Housing Finance Activity: OnShift, NorthPoint

KeyBank Provides $202.1 Million Loan for Texas-Based Independent Living Portfolio KeyBank Real Estate Capital provided $202.1 million in Freddie Mac financing to a joint venture between Discovery Senior Living and Kayne Anderson Real Estate Advisors for their Conservatory Senior Living portfolio, an independent living portfolio consisting of five properties in Texas. The Class A seniors housing […]

Senior Housing Finance Activity: Welltower, CBRE

Welltower Completes $700 Million Senior Unsecured Note Offering Toledo, Ohio-based Welltower Inc. (NYSE: HCN) has successfully completed its offering of $700 million in aggregate principal amount of 4.25% senior unsecured notes due April 1, 2026. The notes were priced at 99.227% of their face amount to yield 4.345%. “This transaction demonstrates Welltower’s disciplined approach to […]

Senior Housing Finance Activity: Ensign, CareTrust

The Ensign Group Announces $250 Million Revolving Credit Facility The Ensign Group, Inc. (Nasdaq: ENSG), which is based in Mission Viejo, California, announced that Ensign and its operating subsidiaries have boosted its revolving credit facility by $100 million to an aggregate of $250 million, $105 million of which was drawn as of Feb. 1. The credit […]