CBRE Arranges Financing for Two Communities in Connecticut CBRE National Senior Housing Vice Chairman Aron Will recently secured construction financing on behalf of a joint venture between Chicago-based real estate investment holding company CA Ventures and a global investment manager for two properties known as Read More »
Movers & Shakers: Legend Senior Living CEO Named Argentum Board Chairman
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that Read More »
Transactions & Financings: Caring.com Acquired, Sodexo’s New Partnerships
Caring Holdings, LLC Acquires Caring.com Senior care referral service Caring.com has been acquired by Caring Holdings, LLC, a group of investors with experience and expertise in digital customer acquisition. Bankrate, which had owned Caring.com, agreed to part ways with the senior living referral service in Read More »
Transactions & Financings: Chicago Pacific Founders, CBRE
MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living Read More »
Senior Housing Could Lure More Real Estate Investor Interest in 2018
Real estate investors are increasingly becoming interested in senior housing as an alternative property sector, according to a new “Americans Investor Intensions Survey” from commercial real estate services and investment firm CBRE (NYSE: CBG). The survey, held annually, reflects the sentiment of nearly 300 investors focused Read More »
Senior Housing Transactions: CBRE, MBK Senior Living
Golden West Senior Living Sells Community to Chicago Investors Golden West Senior Living has announced the sale of Flatirons Terrace, a 54-unit independent living community in Boulder, Colorado, to Harrison Street Real Estate Capital, a private equity firm based in Chicago. Dial Retirement Communities, of Read More »
Investors Favor Independent Living, Fret Over Operating Costs
Independent living is still holding the most allure for senior housing investors amid robust interest in the industry as a whole. The “active adult” sector, which targets younger seniors, is also gaining luster, while interest has diminished in the more needs-based area of memory care. That’s Read More »
Senior Housing Investments & Transactions: Blueprint, NHI
Blueprint Announces Senior Housing Deals in Massachusetts, Alabama Chicago-based advisory group Blueprint Health Care Real Estate Advisors recently announced the sale of a 100-unit assisted living and memory care community in Brockton, Massachusetts, called Heights Crossing Assisted Living Residence. Blueprint orchestrated an exclusive sales process on Read More »
Senior Living Development Costs Expected to Climb in 2018
The total cost of a senior housing development delivered in 2017 or scheduled for delivery in 2018 averaged $256,000 per unit, or $283 per square foot—and those figures are expected to rise next year. That’s according to the inaugural U.S. Seniors Housing Development Costs Report from commercial Read More »
Senior Housing Finance Activity: iBorrow, Greystone
iBorrow Provides $16.5 Million Loan for California Assisted Living Facilities Los Angeles-based iBorrow, a private direct lender for commercial real estate, has provided a $16.5 million loan for two assisted living communities in the Los Angeles suburbs of Tarzana and Orange County. The first property Read More »
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