Lancaster Pollard Arranges $1.8 million Bridge Loan for Nevada Assisted Living Community Lancaster Pollard, a financial advice and financing solutions company, has arranged a $1.8 million bridge loan for Reno Valley Assisted Living & Retirement Center, a 118-unit assisted living community in Reno, Nevada. Acquired in 2013, the community has undergone a turnaround process, and […]
CBRE
Health Care REIT Purchases $56.7 Million Fort Collins Complex Health Care REIT (NYSE: HCN) purchased a senior living complex in southeast Fort Collins, Colorado for $56,740,000. The Ohio-based REIT bought the property, MacKenzie Place on Aug. 31, marking its eighth senior housing purchase in Colorado. The property is located at 4750 Pleasant Oak Drive and […]
Senior housing and care has attracted a growing amount of interest among investors who are are eager to capitalize on the industry’s favorable market fundamentals. Some of the top investors, health care real estate investment trusts (REITs), have been players in the space for years — but their growth strategies may soon be changing. With […]
In case you missed it, here are the top stories grabbing Senior Housing News readers’ attention this week: CCRC Settles Legal Backlash for Segregated Dining Room—A continuing care retirement community (CCRC) in Virginia agreed to pay a federal settlement and civil penalty to resolve charges that it discriminated against residents by creating segregated dining rooms […]
Further cap rate compression appears to be in store for 2015, which bodes well for sellers of seniors housing properties. And despite higher pricing on assets, investor interest is still holding strong. Cap rates decreased modestly across nearly all property types in the second half of 2014, according to the most recent 2014 CBRE Senior Housing […]
Love Funding Secures $13.6M Refinancing For Calif. Affordable Senior Housing Love Funding closed a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, Calif. The financing was secured by Senior Director Artin Anvar of Love Funding’s Washington, D.C. office through the U.S. Department of Housing and […]
Like the United States, Canada’s senior housing market is in full swing — good news for many of the U.S.-based senior housing organizations that have looked to our northern neighbor for acquiring assets and conducting market analysis. Still, matching supply and demand in advance of the expected surge of aging baby boomers will be a major challenge […]
In case you missed them… here are the top headlines grabbing SHN readers’ attention this week: What Bubble? Senior Housing Finds Its Sweet Spot—While many have speculated that recent senior living deals and developments could signal a new “bubble,” recent findings by CBRE show demand still far outpacing supply. Senior living, rather, is just hitting […]
Despite concerns that a senior housing bubble is forming, the market shows no signs of instability. In fact, cap rate spreads suggest there’s much more room to grow. And while investors have taken note of some regional hot spots for development, new construction is well under where it should be in order to meet the […]
As the final quarter of the year gets underway, senior housing operators, developers, financiers and many more are looking for new talents to help grow their operations, and they’re searching across a variety of expertise. Positions for marketers, asset managers, nursing and business development directors are just a few jobs currently offered by companies like […]
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