Nearly Half of Senior Living Investors Expect More Moderate Rent Increases in 2025

Almost half of the senior living investors surveyed in a recent report from CBRE say they expect moderate increases to rental rates for senior living communities in 2025. Among the investors and real estate professionals polled by CBRE for its second-half 2024 U.S. senior living report, 48% said they expect average rental rates between 3% […]

Transactions and Financings: CBRE Arranges a Refinancing; Two Spring Arbor Communities Sold

Financings CBRE arranges refinance CBRE announced it arranged a refinance for Carlton Senior Living San Leandro in California. According to a press release, the refinance will allow the company to “reconstitute its original joint venture ownership into a closely held Tenant-in-Common (TIC) ownership structure.” The community was originally built in 1997 and has a total […]

Transactions and Financings: Senior Living Residences Expands to N.J.; Blueprint Sells 2,000 Bed Portfolio

Financings CBRE refinances for joint venture CBRE National Senior Housing announced it arranged a refinancing for Outlook Gwinnett on behalf of a joint venture between Capitol Seniors Housing and Bain Capital Real Estate. According to a press release, the loan originated from a debt fund and allows the community to “complete lease-up in a dynamic […]

Transactions and Financings: FellowshipLife Acquires Fifth Community; BWE Secures $47M for Refinancing

Transactions FellowshipLife acquires fifth community FellowshipLife, a New Jersey-based nonprofit, announced it has added Applewood Village into its network of communities, expanding its portfolio to five. According to a press release, Applewood Village was owned and operated by CentraState Healthcare System, and the community will still maintain ties with CentraState as “a preferred provider of […]

Transactions and Financings: Lloyd Jones Acquires Virginia Community; KeyBank Provides $34.3M Affordable Housing Rehabilitation Funding

Acquisitions Lloyd Jones acquires Virginia community Real estate investment firm Llloyd Jones announced it has acquired Brightview Baldwin Park, a community in Staunton, Virginia. The 136-unit assisted living, independent living and memory care community was purchased from Brightview Senior Living. Following the acquisition, the community has been rebranded as Aviva Baldwin Park and will be […]

Senior Living Cap Rates Rise in 2023, Prospect of Supply-Demand Improvement in 2024 

Capitalization rates rose across all senior living product types in the latter half of 2023 as challenges remained stubborn. But the new year should bring more improvement to supply-demand dynamics. That’s according to a new investor sentiment report for the second half of 2024 from CBRE Valuation and Advisory Services. The survey, conducted in October, […]

Transactions and Financings: 2Life Communities Issued $17.8 Million Bond; CBRE Arranges Sale, Financing of 225-Unit Community 

Financings 2Life Communities issued $17.8 million bond MassDevelopment has issued a $17.8 million tax-exempt bond to 2Life Communities to demolish a vacant former rest home and build a new rental housing facility for seniors. The existing building, The Leland Home, was built in 1891 and was operated until it closed in 2020. The new building, […]

Transactions and Financings: Storyliving By Disney Homebuilders Announced; Startup Dwellr’s Initial Funding Round 

Financings Nebraska startup Dwellr raises initial round of funding Nebraska-based startup Dwellr has raised $500,000 in funding to “transform the way families find senior care.” The funding was led by Move Venture Capital and Invest Nebraska. With the funding, Dwellr is preparing to expand its services following an initial launch in cities in Nebraska, Iowa, […]