Over the last 12 months, senior living owners and investors have seen big deals, small deals, joint ventures and REIT spinoffs. With talk of oversupply in certain regions, interested investors are taking a close look at opportunities. Deal volume is down from previous years, but a few blockbuster transactions have grabbed headlines in late 2016. […]
HFF secures $41.5 Million Financing for Seniors Housing Portfolio in Sacramento, CaliforniaHolliday Fenoglio Fowler, L.P. (HFF) recently announced that it has secured financing worth $41.547 million for a three-property seniors housing portfolio in Sacramento, California. HFF worked on behalf of an affiliate of Harbert Management Corporation (HMC)—Harbert Seniors Housing Fund I, LP—to secure the seven-year, floating-rate […]
Lancaster Pollard Secures $7 Million Refinancing for New York Assisted Living Community Lancaster Pollard recently assisted The Lake Shore Assisted Living Home, a 200-unit assisted living community in Lake Ronkonkoma, New York, with a $7 million refinance utilizing the FHA Sec. 232/223(f) program. The Lake Shore Assisted Living Home was searching for a more beneficial long-term debt […]
Construction: Planned Autumn Senior Living, Lindell Investments Plan $24 Million Community in Fla. Gulf Coast assisted living developer Autumn Senior Living and Lindell Investments, a Tampa-based real estate developer, have finalized plans to begin construction on a new assisted living and memory care campus in the Tampa suburb of Westchase, Florida. Autumn of Westchase is […]
(Living room at the Christopher Heights of Northampton senior housing community in Northampton, Mass. — Photo courtesy of Cutler Associates) Construction: Planned Columbia Pacific Advisors Plans 237-Unit Senior Housing Community in Seattle Seattle-based Columbia Pacific Advisors, LLC, is entering into a long-term ground lease with the Archdiocese of Seattle and St. James Cathedral to build a 237-unit senior […]
Capitol Seniors Housing Buys Historic Seattle Community for $36.3 Million Holiday Fenoglio Fowler (HFF) arranged the sale and acquisition financings for Queen Anne Manor, a Seattle seniors housing community purchased by Capitol Seniors Housing for $36.3 million. Senior Managing Directors Ryan Maconachy and Chad Lavender and associate Sarah Baccich led the HFF team. The seller […]
KeyBank Provides $47.7 Million in Financing for Assisted Living Portfolio in Southeast KeyBank Real Estate Capital has arranged a total of $47.7 million of permanent financing for six assisted living facilities managed by Ridge Care Inc. The financing included a 35-year, $38.5-million fixed-rate loan through the FHA 232/223(f) mortgage insurance program, as well as a $9.2 […]
Real estate investment trusts (REITs) and other prominent buyers are avidly on the hunt for senior housing assets, but other factors may constrain transaction volume in 2016. In particular, dealmaking may be slowed by a lack of top-tier operators to manage properties. “There’s almost an insatiable demand for seniors housing assets right now that are […]
Capital One Named Top Lead Arranger for Health Care Leveraged Loans Up to $1 Billion Capital One has been named the No. 1 lead arranger for health care leveraged loans up to $1 billion in size, according to Thomson Reuters. The acquisition of GE Capital’s Healthcare Financial Services lending business, which held the top spot […]
NorthStar, Griffin-American Close on $1 Billion Trilogy Acquisition It’s official—the $1.125 billion acquisition of Trilogy Health Services LLC has been finalized. NorthStar Healthcare Income, Inc. on Tuesday announced the completion of the acquisition, pursuant to a joint venture with Griffin American Healthcare REIT III, Inc. Under the agreement, Griffin-American will own 70% of the joint […]
