Why the Outlook for Senior Living M&A Is Better Than It Seems

This content is available through your SHN+ membership New M&A data released this week showed that senior living dealmaking in the third quarter of 2023 sank to levels not seen since the darkest days of the pandemic. I don’t think I need to belabor the forces holding senior living dealmaking down in 2023, starting with […]

Transactions & Financings: Cambridge Realty Provides $10M Financing; Ziegler Closes on Bonds Sale

Financings Crescent Real Estate Raises $265M for Development Crescent Real Estate announed it has raised $265 million to buy, build and operate various ventures, according to reporting by the Dallas Morning News. Crescent will reportedly provide as much last $4 billion in additional investment capacity through partnerships with clients and investors. Crescent, based in Fort […]

Transactions & Financings: Sienna, Sabra Ready 11-Property Portfolio Deal; Trustwell Living Buys First Community

Acquisitions Sienna, Sabra Finalize Deal to Buy 11 Canadian Communities Sienna Senior Living (TSX: SIA) announced it has with Sabra Health Care REIT finalized the acquisition from Extendicare (TSX: EXE.TO) of a 50% ownership stake in a portfolio of 11 senior living communities located throughout the Canadian provinces of Ontario and Saskatchewan. The 11 communities […]

Transactions & Financings: Bridge Adds 4 Communities; Watermark Awarded $75M Credit Facility

BMO Harris provides $75M credit facility to Watermark, 2 Developers BMO Harris Bank’s Healthcare Real Estate Finance group closed on a syndicated $75 million senior facility to Largo Land Development and Watermark Retirement Communities to finance the construction of a 219-bed independent living, assisted living and memory care community and 64-unit 55-plus active adult community […]

Transactions & Financings: Welltower’s $850M JV; Acts Acquires New Corporate HQ

Welltower, Invesco Announce $850M Joint Venture Welltower Inc. (NYSE: WELL) and global real estate manger Invesco Real Estate (“Invesco”) announced an $850 million joint venture partnership comprising a portfolio of 35 medical office buildings spanning 2.6 million square feet. The portfolio was previously wholly owned by Welltower. The properties are 100% affiliated with health systems […]

Transactions & Financings: Cushman & Wakefield’s $49 Million Portfolio Sale; Capital One’s $38 Million Construction Loan

Cushman & Wakefield brokers $48.5 million South Carolina assisted living portfolio sale Cushman & Wakefield Senior Director Paul Carr, Director David Kliewer and Executive Director Allen McMurtry represented Graycliff Capital Senior Housing in the $48.4 million sale of three assisted living and memory care communities in South Carolina’s upstate region. The buyer was Birmingham, Alabama-based […]

Transactions & Financings: Ziegler Arranges Bond Financing, Arcapita Grows U.S. Portfolio

Ziegler Arranges $200.6 Million Bond Financing Ziegler announced the closing of the Trousdale Foundation Properties $200,570,000 Series 2018 bonds. Ziegler served as the underwriter and placement agent for the bonds which were issued in various series including tax-exempt senior, taxable senior and tax-exempt subordinate bonds. Proceeds from the bonds were used to finance the acquisition and […]

More Senior Housing Borrowers May Qualify for HUD Loans

For some borrowers in the senior housing industry—especially licensed senior care providers—the Department of Housing and Urban Development’s Section 232 Healthcare Mortgage Insurance program is already an attractive source of financing. But the program could appeal to an even larger pool of senior housing providers than currently thought, including those that have a large number […]