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 […]

Blackstone, Cindat Rumored to Bid for Senior Housing Down Under

Global private equity firms have been having a field day lately, making big investments in senior housing in the United States and other nations.  Both China-based Cindat Capital Management and New York-based Blackstone Group (NYSE: BX), for instance, have placed bids for a 50% stake in the senior housing business of Sydney, Australia-based LendLease Group, Bloomberg […]

How Brookdale Proved Bigger is Rarely Better in Senior Living

Following several blockbuster transactions in recent years, senior housing deal volume has begun to decelerate—and buyers are finally wisening up to the ideal sizes their companies aspire to. Specifically, various headwinds have caused assisted living deal volume to slow in recent months, but current valuations remain “really strong,” according to experts who spoke at the […]

Movers & Shakers: The Asbury Group’s New President

The Asbury Group Names Michael Hollen As President Germantown, Maryland-based Asbury Communities, Inc. named Michael Hollen as president of The Asbury Group, a management, consulting and IT solutions company specializing in senior living and long-term care, on June 1. Hollen previously worked as Sodexo Seniors’ vice president of operations, and recently joined The Asbury Group as […]

Investors Bullish on Senior Housing in 2017

Investors’ senior housing portfolios are likely to grow in size this year, despite rising interest rates and widespread overbuilding concerns. In fact, 59% of U.S. senior housing investors anticipate increasing the size of their portfolios in 2017, according to the latest CBRE U.S. Seniors Housing & Care Investor Survey, released today by the commercial real estate […]

Movers & Shakers: LaSalle Group, Asbury Communities, Caring.com

Former Caring.com VP Accepts Position at Home Care Assistance Katie Roper, vice president of sales and marketing at Caring.com, has left the company and accepted a new role at Home Care Assistance. At the company, Roper will be the vice president of healthcare strategy and partnerships. In the role, she will develop national partnerships that leverage Home […]