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 […]

These Properties Outshine Senior Living in Investors’ Eyes

Health care real estate investors have expressed interest in acquiring assisted living communities and skilled nursing facilities this year—but not nearly as much interest as they have in acquiring medical office buildings. That’s according to the U.S. Healthcare Capital Markets 2017 Investor & Developer Survey, recently published by commercial real estate services and investment firm CBRE Group, […]

Senior Housing Finance Activity: Greystone, Omega Healthcare Investors

CBRE Arranges Financing for Senior Living Community in California CBRE National Senior Housing Vice Chairman Aron Will recently arranged financing on behalf of an institutional sponsor for Peninsula Del Rey, a 207-unit, independent living, assisted living and age-restricted community in Daly City, California. CBRE helped secure a sizable, four-year floating rate loan from a regional […]

Senior Housing Finance Activity: PointClickCare Raises $85 Million

PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]

Why a Senior Housing ‘Rough Patch’ Will Not Derail RIDEA

Challenges facing the senior housing sector likely will eat into communities’ net operating income, but this may not deter real estate investment trusts (REITs) from continuing to pursue RIDEA transactions. “…There has been an ongoing shift among health care REITs to acquire higher quality properties in operating ownership structures, which has had a profound impact […]

Senior Housing Finance Activity: Greystone, HFF

CBRE Secures Millions in Loans for The Waters Senior Living CBRE National Senior Housing Vice Chairman Aron Will recently arranged acquisition financing on behalf of a joint venture between Minnetonka, Minnesota-based senior living developer/owner/operator The Waters Senior Living and an institutional client for The Waters of Edina, a 139-unit, Class A assisted living and memory care […]