Next year’s senior housing acquisition landscape is looking more favorable for company-to-company deals compared to the past year, but time for sellers to arrange favorable blockbuster deals is running low, some analysts say. Financial services firm Stifel Nicolaus met with management-level executives for 11 publicly traded REITs and two nontraded REITs all focused on the […]
Capital Senior Living
Capital Senior Living Buys Mass. Assisted Living Community Cassidy Turley, a commercial real estate services provider, arranged the sale of a Massachusetts assisted living community to Capital Senior Living for an undisclosed purchase price. The community, Whitcomb House, located in Milford, Mass., includes three interconnected buildings containing 68 total units within 48,565-square-feet. Two of the […]
Top senior housing buyers are touting acquisition strategies fueled by relationships rather than relying on marketed properties that are often characterized by low cap rates and fierce competition. While the strategy was initially born out of many healthcare real estate investment trusts’ desire to “lock up” the best senior housing operators and become their capital […]
When it comes to issues that keep senior living providers up at night, training is at the top of the list, agreed executives at the 2013 annual NIC conference, especially as it’s tied so closely to care. A huge component of quality care is staff training, the participating executives said, and many providers are already […]
Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units. In September 2012, Rittenhouse Senior Living […]
Care Investment Trust Closes Acquisition of 2 Senior Housing Assets Care Investment Trust LLC, a subsidiary of Tiptree Financial Inc. (NASDAQ:TIPT) that focuses on senior housing real estate investment, and privately-held senior housing owner and operator Premier Senior Living, L.L.C., recently announced the closing of a previously announced acquisition of two senior housing facilities located in […]
Low capitalization rates for many high-quality senior housing transactions has made for a “seller’s market” the past several quarters. But senior living buyers may become more cautious as interest rates climb following rises in 10-year Treasury yields. In mid-June, Ben Bernanke, chairman of the Federal Reserve, announced plans to taper off the quantitative easing program—through which […]
With new development in the pipeline and coming onto the market, senior housing operators and landlords are looking for ways to reposition existing properties to target future generations and achieve return on investment. “There’s more segmentation [in the senior living industry]. People are trying to brand,” said Daniel Decker, founder and principal of investment firm CoastWood […]
Capital Senior Living Sees Sales Up 13%, More Private-Pay Opportunities Capital Senior Living reported second quarter earnings this week with cash from facility operations up 15.1% to $9.5 million or $0.43 per share. Revenues rose during the same time period to $87.5 million, a 13% increase over the same period in 2012. “We are very […]
Capital Senior Living Corporation (NYSE: CSU) announced on Tuesday a branding overhaul that unites the identities of the company’s 100-plus communities and helps simplify the online search process for senior care services. The new branding strategy and website redesign marks the first time in almost 20 years that CSU has undergone what it terms a […]
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