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 on the U.S. in coming year. Roughly 20% of respondents […]

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 Omaha, Nebraska, will operate the community. Financial terms of the […]

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 the latest from the winter 2018 U.S. Seniors Housing & […]

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 behalf of the seller, a regional owner-operator with a strong […]

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 real estate services and investment firm CBRE (NYSE: CBG). The […]

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 is an 88-unit, 50,054-square-foot facility, and the second is an […]

How Five Star Sells Rehab Patients on Senior Living

Conventional wisdom says that the progression of an older adult’s journey through the senior housing system usually begins at an independent living community, followed by moves to assisted living and skilled nursing as needs increase. But for some, the pathway into senior housing—such as an assisted living or independent living community—begins in skilled nursing, creating […]

Senior Housing Investments & Transactions: Chevalier, Columbia Pacific Advisors

CBRE Arranges $6.8 Million Sale of California Seniors Housing Community CBRE, a large commercial real estate and investment firm, brokered the sale of Williams Senior Apartments, a 28-unit age-restricted senior housing community in Brea, California. Restoration Enhancement acquired the property from a private seller for $6.8 million. Chevalier International Holdings, Ltd. Acquires Two Detroit-Area Senior Living […]

Senior Housing Finance Activity: Berkadia, Walker & Dunlop

Walker & Dunlop Arranges $20 Million and $6.9 Million Loans for Senior Housing Projects in Florida, Wisconsin Bethesda, Maryland-based commercial real estate services and finance company Walker & Dunlop (NYSE: WD) recently arranged a $6.9 million loan for William Booth Towers, a 15-story, 168-unit Section 8 apartment community in Orlando, Florida, that’s restricted to residents 62 years old […]