Sales JLL Capital Markets arranges sale of Oklahoma community JLL Capital Markets arranged the sale of a 105-unit community in a suburb of Tulsa, Oklahoma, representing seller Prevarian Senior Living and procured the buyer, TULAF3 LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer. SLIB facilitates sale of Illinois […]
CBRE
Average senior housing capitalization rates have increased since last year, as active adult once again remains an attractive investment opportunity for favorable returns. That’s according to The U.S. Seniors Housing & Care Investor Survey 2023 report’s 12th edition, which found that cap rates for independent living, assisted living and memory care properties increased by 28 […]
Sales Blueprint Facilitates AL, Memory Care Sale Blueprint Healthcare Real Estate Advisors announced it facilitated the sale of a senior living community in the Baltimore area. The community – called Woodlands Assisted Living – is a 65-unit AL and memory care community that was built in 1999. The community’s performance was trending upward in the […]
Complexity and uncertainty are weighing down the senior living industry and stymying transactions in the short-term — but there is hope that long-term optimism will bring investors back to the table before too long. The next wave of age eligibility of older adults in senior living in the coming years could be just what the […]
Financings CBRE Arragned $23M Financing for Community CBRE National Senior Housing announced it arranged a 10-year bridge loan wroth $23.3 million for a senior living community in Seattle. The community – developed and owned by Capital Seniors Housing – is a 93-unit assisted living and memory care community that was originally a children’s hospital built […]
Financings Ziegler Closes $29M for California Community Ziegler announced the closing of $29 million in Series 2023 Bond Anticipation Notes for a planned California-based life plan community to be built by Kendal at Ventura, a non-profit organization. The community – which will be called Enso Verde – will be an entrance-fee life plan community located […]
Fast-growing Sparrow Partners is expanding its middle-income active adult model across the U.S. — and looking ahead, the company has its eyes on markets on both coasts. The Austin, Texas-based active adult operator and developer has 10 operating communities and 17 others under development in Arizona, Florida, Nevada, Oklahoma and Texas, with 13 of those […]
Recent occupancy and absorption trends show that recovery is underway in the senior living industry. But not all operators and communities are seeing the same kind of gains. Some communities and property types have rebounded from pandemic lows faster than others, with variations in the same market or the same owner/operator portfolio. Given all of […]
Being selected for the American Seniors Housing Association (ASHA) Senior Living Hall of Fame prompted Belmont Village Co-Founder and CEO Patricia Will to reflect — not so much on all she has already accomplished in her career, but on what comes next. “It enabled me to reflect on the innovation that I want to continue […]
The lines between multifamily apartments and senior living are continuing to blur, as demonstrated by two stories that ran on Senior Housing News in the last week: The Canyons is a new community in Portland, Oregon, that is not age-restricted but is targeting a resident population that is 70% older adults and 30% younger renters […]
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