With two major deals under way that will expand Brookdale Senior Living’s (NYSE:BKD) footprint well beyond its current reach, the company says it is aiming to be the one and only nationwide senior living brand in the years to come. Brookdale and Emeritus Corp. (NYSE:ESC), announced a $2.8 billion deal in February that brings the […]
Capitol Seniors Housing
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week. Philly CCRC Seeks Buyer, Re-Org Following Bankruptcy Filing—A continuing care retirement community (CCRC) in Philadelphia filed for Ch. 11 bankruptcy on April 25 and is seeking a debt reorganization or sale since the filing. SHN talked with the […]
Washington, D.C.-based Capitol Seniors Housing remains committed to “going long” on new construction with the addition of a seasoned development team to execute its $200 million pipeline of projects slated for this year and 2015. The company is looking to deploy between $100 million and $200 million toward the production of four to eight senior […]
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week: Brookdale Merger Blasts Open Divide Between Large, Small Providers—No one denies that post-merger Brookdale will be a force for other senior living providers to reckon with, but such a large platform will have its share of challenges. Huge […]
A mega-corporation will form through the planned merger of Brookdale Senior Living and Emeritus, and while both entities expect to achieve significant efficiencies, senior living stakeholders say the challenge will be maintaining operational excellence. The merger will create a senior living giant that further divides the industry into two distinct models: the smaller, regional players […]
Opportunities to reposition higher quality distressed senior housing properties may be going the way of the buffalo for some investors, but for others it might be a matter of weathering the “lull.” While those in the market say the “low hanging fruit” of distressed properties ripe for turnaround is largely gone, industry factors such as […]
While many of the largest senior housing deals have been done in line with the housing market rebound post-recession, investors anticipate there will still be considerable opportunities across the market landscape in 2014 and beyond. While the Big Three REITs have dominated the market for portfolio acquisitions in recent months, smaller REITs as well as […]
Want the latest pulse on senior housing M&A for 2014? Don’t miss the upcoming Senior Housing News webinar on Tuesday, February 25 at 1 p.m. Central to get valuable information from top industry players on who’s selling and who’s buying. Healthcare REITs have rocked the senior housing industry with several mega acquisitions in the past few years, but there […]
Washington, D.C.-based Capitol Seniors Housing recently acquired two senior housing properties in separate transactions for a total of $32.65 million. The company closed the acquisition of an age-restricted senior community in Herndon, Va. from seller and original developer Sugarland Hill, LLC on Oct. 31. The 80-unit community was purchased for $15.65 million, or $195,000 a unit, […]
Construction: Planned Senior Housing Trio to Break Ground on $20 Million Assisted Living Project Integral Senior Living announced this week that a new community it will manage will break ground on a new assisted living and memory care community in Torrance, California. Capitol Seniors Housing along with Welbrook Senior Living have begun development of Welbrook […]