Senior housing development costs are on the rise — and higher labor expenses and robust demand for new construction projects are at least partly to blame. That’s according to a new “2020 Seniors Housing Development Costs” report from commercial real estate services firm CBRE (NYSE: CBG). The report is based on the more than 2,000 […]
CBRE
Berkshire Residential — a Boston-based real estate firm with over $8 billion of assets under management — has set its sights on senior housing. The company has already raised and started to deploy one dedicated senior housing fund, with further fundraising underway. And Berkshire earlier this year hired industry veteran Matthew Whitlock to lead its […]
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Mobile home parks have long been a part of the senior living landscape, and they have emerged as one of the most in-demand product types in recent years. They offer investors stability and steady returns, and they provide older adults amenities found at other senior housing communities at more reasonable price points. In fact, senior […]
Senior housing investors are looking at the active adult sector with increasing interest, a trend that could disrupt the industry’s established norms if it continues. That’s according to commercial real estate services firm CBRE (NYSE: CBG), which on Thursday released its Summer 2019 Seniors Housing & Care Investor Survey. The latest report includes input from […]
SunTrust provides $67 million construction loan for South Carolina community expansion Rolling Green Village, a non-profit continuing care retirement community (CCRC) in Greenville, South Carolina, secured a $67 million loan for an expansion project that broke ground last August. The loan was provided by SunTrust Banks. When completed in fall 2020, the expansion will include […]
Ziegler Is Anchor Investor In Locust Point Private Credit Fund Ziegler announced it was an anchor investor in Locust Point Capital’s debut private fund, which closed earlier this month oversubscribed at $312 million. Ziegler and Locust Point have a relationship dating back to the mid-1990s, Managing Director and co-head of Ziegler’s Proprietary Senior Living Practice Don […]
Active adult is picking up steam as an attractive property type for senior living investors, according to commercial real estate services firm CBRE (NYSE: CBG). A full 19% of respondents to CBRE’s latest Senior Housing & Care Investor Survey and Trends Report identified active adult as among the “biggest opportunities for investment.” Last year, just 13% of […]
Private equity giant Apollo Global Management plans to invest further in senior living after acquiring a portfolio of 22 properties currently managed by Brookdale Senior Living (NYSE: BKD), a person with knowledge of the deal told Senior Housing News. New York City-based Apollo is an alternative investment management firm that currently has about $247 billion […]
Continuing care retirement communities (CCRCs) are poised to attract a wide swath of older adults over the next decade, but that doesn’t mean there won’t be challenges or changes to the business model along the way. For CCRCs—which are also commonly known as life plan communities—the near-term and long-term forecasts look good. Tailwinds include a strong economy; a […]