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CBRE
Caring Holdings, LLC Acquires Caring.com Senior care referral service Caring.com has been acquired by Caring Holdings, LLC, a group of investors with experience and expertise in digital customer acquisition. Bankrate, which had owned Caring.com, agreed to part ways with the senior living referral service in November 2017 in order to be acquired by Red Ventures. […]
MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
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 […]
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 […]
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 & […]
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 […]
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 […]
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 […]
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 […]
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