A new firm led by senior living industry veterans, Scarp Ridge Capital Partners, is launching with a $300 million fund targeting value-add, opportunistic and distressed investment opportunities. “Scarp Ridge will look to leverage our many years of investing experience and industry relationships to be the partner of choice to owners, lenders, sponsors, and developers by […]
Cerulean Partners
Mid-sized senior living providers that are looking to grow have opted to build rather than buy lately, in part because they’ve been priced out of the acquisition market. But these operators soon could be seeing more opportunities to expand their footprints by purchasing — if they’re willing and able to navigate the more complex types […]
Armed with a $500 million investment fund, a new private equity group co-founded by Brookdale Senior Living’s (NYSE: BKD) most recent past-co-president and chief of operations re-envisions similar success as it plans to ramp up senior living acquisitions with its newfound partners in the coming years. After embarking on a capital campaign last fall, Chicago Pacific Founders […]
Opportunities to reposition higher quality distressed senior housing properties may be going the way of the buffalo for some investors, but for others it might be a matter of weathering the “lull.” While those in the market say the “low hanging fruit” of distressed properties ripe for turnaround is largely gone, industry factors such as […]
As new senior living construction starts to heat up in select metros across the country, repositioning existing communities could be a way for operators to stay competitive in a market that shows little signs of slowing down. During the third quarter, the number of assisted living units under construction rose 2% compared to the previous […]
As the senior living industry gears up for the next generation of consumers, some operators are looking to divest struggling communities in their portfolios while others are hiring third parties to maximize value in ways that will attract the boomers. Expanding resident services, activities programs, and staffing in general to a 24/7 business model can […]
The competition for distressed deals is heating up among entrepreneurial capital in the quest for high returns, but while it could get much hotter before new developments come online, more operators may look to shore up existing portfolios in 2013. “The number of properties with occupancy issues, or serious physical plant needs where capital needs […]
Cerulean Partners, LLC recently announced the $4.25 million acquisition of a 116-unit independent living community in Las Vegas, Nev. in a joint venture with Real Estate Special Opportunity Portfolio and Real Estate Portfolio Management, both California-based investment funds. The total deal cost was $5.2 million including cap-ex dollars and closing fees. Destinations at Eastern was […]
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