Carlyle Group, Other Active Adult Pioneers Venture Into ‘Uncharted Territory’

The most experienced developers and investors in active adult communities are reaping benefits from the product type, as the senior living industry at large scrambles to define its parameters. More seasoned players in the active adult market — including private equity giant The Carlyle Group — say that it is a product where average lengths […]

Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

Transactions & Financings: White Oak’s 4-Property Portfolio Acquisition; Arbor Company’s $90M Credit Facility

White Oak acquires 4 property senior housing portfolio White Oak Healthcare REIT completed the acquisition of a four community, 482-bed senior housing portfolio which included two communities in Arkansas, one in Florida and one in Pennsylvania. The seller was Baltimore-based Capital Health Group (CHG), which retains a minority stake in the portfolio, completed renovations to […]

Historic Moment for Senior Housing M&A with All Buyers in the Game

Investor appetite for senior housing has grown to levels that industry finance experts say is unprecedented, in terms of the variety of buyers seeking transactions. What makes this investor landscape historic is no group is sitting on the sidelines, senior living finance and transactions professionals told Senior Housing News. “The buyers market is hitting on […]

Transactions & Financings: Bridgewood’s $56M CCRC Refinancing; Mission Senior’s $22M Construction Financing

SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]

Transactions & Financings: Senior Housing Management Expands Operations; Ensign Acquires in California

JLL advises Welltower on $1.8B Benchmark portfolio sale JLL (NYSE: JLL) represented Welltower (NYSE: WELL) in the Toledo, Ohio-based REIT’s $1.8 billion disposition of 48 properties operated by Waltham, Massachusetts-based Benchmark Senior Living, to an unnamed buyer. The 4,137-unit portfolio consists of 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island […]

Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

Transactions & Financings: JLL’s $2B HFF Acquisition Approved; Presbyterian-Westminster Merger Called Off

JLL completes $2B HFF acquisition Stockholders at Dallas-based capital services provider HFF (NYSE: HFF) last week approved a proposal by commercial real estate services firm JLL (NYSE: JLL) to buy HFF in a cash-and-stock transaction valued at $2 billion. News of the deal was first announced in March. Both firms are active in the senior […]

Senior Living Heeds Lessons from a Decade of RIDEA

Publicly traded and private real estate investment trusts are entering into RIDEA structures with senior housing operators at a level not seen for at least three years. This reflects that REITs have a better understanding of how RIDEA works, after an initial flurry of activity a decade ago, and they are more selective with their […]

Transactions & Financings: Senior Living Communities’ $35M CCRC Acquisition; Sunrise Acquires New Jersey Site

Senior Living Communities acquires South Carolina CCRC Senior Living Communities acquired Wildewood Downs, a 248-unit continuing care retirement community in Columbia, South Carolina, for $35 million. The community will be operated by a SLC affiliate. The acquisition was financed by a $32.7 million loan from National Health Investors (NYSE: NHI), and includes capital expenses for renovations. The loan will have a […]