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 […]

New Occupancy, M&A Trends Prompt Hopes for Bigger Rebound Ahead in 2024

Next year will bring pre-pandemic occupancy levels and potentially “gangbusters” levels of transactions for the senior living industry. Or at least, that is what recent trends in census gains and dealmaking say. Last week, the National Investment Center for Seniors Housing & Care (NIC) along with NIC MAP Vision released their latest quarterly occupancy report, […]

Transactions & Financings: Ventas’ $490M Colony Capital Refinancing; BPM Senior Living Portfolio Sold

Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]

Senior Housing Finance Activity: KeyBank, Lancaster Pollard

KeyBank Provides $192.5 Million For Texas Seniors Housing Portfolio Cleveland-based KeyBank Real Estate Capital has provided $192.5 million in Freddie Mac financing to Kayne Anderson Real Estate Advisors for a six-property seniors housing portfolio located throughout Texas. Charlie Shoop and Caleb Marten of KeyBank’s Commercial Mortgage Group structured the fixed rate loans that included 10-year […]

Senior Housing Finance Activity: HJ Sims Underwrites Record-Setting $240 Million Bond Issue

HJ Sims Underwrites $240 Million Public Bond Issue for Massachusetts Life Plan Community Fairfield, Connecticut-based HJ Sims, a privately held investment bank and wealth management firm, will serve as lead underwriter for the upcoming issue of refunding bonds for Massachusetts Development Finance Agency, for its NewBridge on the Charles Project. HJ Sims serves as underwriter along with […]

Senior Housing Finance Activity: CBRE, Grandbridge Real Estate Capital

CBRE Arranges Acquisition Financing for CA Ventures, Construction Financing for Belmont Village  Houston-based CBRE Capital Markets has arranged a portfolio acquisition financing on behalf of a joint venture between Chicago-based real estate investment holding company CA Ventures and a global investment manager for the CA Senior Living portfolio. The portfolio consists of four senior housing […]

Senior Housing Finance Activity: Capital One’s $551 Million Loan to KAREA

Capital One Provides Loans Totaling $551 Million to Kayne Anderson Bethesda, Maryland-based Capital One has provided two loans—a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility—to Kayne Anderson Real Estate Advisors (KAREA) for its purchase of Orlando-based Sentio Healthcare Properties, a public, non-traded real estate investment trust (REIT). […]

Senior Housing Finance Activity: KeyBank, Love Funding

KeyBank Arranges Loans for Affordable Seniors Housing Projects Cleveland-based KeyBank Real Estate Capital (NYSE: KEY) has arranged a $23.8 million Fannie Mae loan for Harmony Housing, a 501(c)(3) non-profit organization based Douglassville, Georgia. KeyBank’s John Gilmore, IV, and Jeff Rodham arranged the financing. The funds will be used to acquire three affordable and senior housing […]

Senior Housing Investments & Transactions: CBRE Arranges $77 Million Sale

CBRE Capital Markets Arranges $77.3 Million Sale, $50.5 Million Senior Housing Financing CBRE Capital Markets’ National Senior Housing team arranged the sale of two senior housing communities in Georgia to an affiliate of Arcapita Investment Management US for $77.25 million, or $327,330 per unit. The properties include the 146-unit Arbor Terrace Peachtree City located in […]