Transactions & Financings: Covid-19 Market Instability Halts About $325M in Acquisitions

Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]

Transactions & Financings: Columbia Pacific’s $177M Canadian Portfolio Sale; New Senior’s $270M Refinancing

Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, OntarioThe Bradley Gracious Retirement Living, an independent living community in […]

Transactions & Financings: ORIX-Hunt Real Estate Capital Merger; Diversified’s $103M Portfolio Sale

ORIX USA acquires Hunt Real Estate Capital ORIX Corporation USA completed its acquisition of Hunt Real Estate Capital, creating a commercial real estate finance platform with annual loan production in excess of $9 billion and a servicing portfolio of more than $40 billion. ORIX will combine Hunt into its existing brands, Lancaster Pollard and RED […]

Transactions & Financings: Five Star Restructuring Complete; HJ Sims Arranges $219M Construction Financing

Cindat, Omega partner on $232M UK portfolio deal Chinese investment firm Cindat Capital Management entered into a joint venture with health care real estate investment trust, Omega Healthcare Investors (NYSE: OHI), on a 49% stake in a 67-property senior housing portfolio in the United Kingdom from Irvine, California-based health care REIT, Healthpeak Properties (NYSE: PEAK). […]

Transactions & Financings: CBRE’s $615M November; Watermark Grows with Acquisition

Berkadia completes $159M in recent senior housing deals Berkadia’s Senior Housing & Healthcare Group closed on the following senior housing transactions, totaling $158.9 million in transaction value: — Senior Directors Ed Williams and Rafael Nobo arranged a $107.6 million Fannie Mae master credit facility for eight independent living, assisted living and memory care communities in […]

Senior Housing Operators Must Increase CapEx or Get Left Behind

The steady stream of new senior housing inventory coming online through the mid-2020s has put pressure on operators to maintain occupancy. It is also focusing owners and operators to face the fact that historical trends in CapEx spending need to change. Operators have been getting away with penciling in smaller allocations from their annual budgets […]

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 […]