Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
Charter Senior Living
Do not expect a “return to normal” for senior living move-ins as the nation gradually reopens during the coronavirus pandemic. New residents will need to be prepared for testing prior to moving in, quarantine periods before joining the larger census and the continuation of virtual tours and sales processes in searching for the right community. […]
Healthpeak Prices $600M in Unsecured Senior Notes Healthpeak Properties (NYSE: PEAK) announced a public offering of $600 million aggregate principal amount of 2.875% senior unsecured notes due 2031. The price to investors was 99.125% of the principal amount of the notes. Healthpeak plans to use the net proceeds from the offering to fund the redemption […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Charter, DMK Announce Plans for Michigan Community Charter Senior Living and DMK Development […]
An ambitious $75 million mixed-use development in Alabama aims to blend senior living, integrative health and wellness, coworking and a hotel into a new formula for intergenerational living, and there are already plans in the works to bring the model to other markets Wellpoint at Hampton Cove in Huntsville, Alabama — a joint venture of […]
The LaSalle Group, a Dallas-based development company with a focus on senior living, has voluntarily filed for Chapter 11 bankruptcy protection. The company is owned by Mitch Warren, who until recently also served as CEO. He has now stepped down from that role to smooth the way for a restructuring, he told Senior Housing News. […]
Northbridge Senior Housing acquires 8-property New England senior housing portfolio Northbridge Senior Housing, through its Northbridge Strategic Housing Fund II, received acquisition financing for an eight-property senior housing portfolio in New England, totaling 565 units. The properties in the portfolio are: – Avita of Brunswick in Brunswick, Maine– Avita of Stroudwater in Westbrook, Maine– Avita […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Industry veteran Jayne Sallerson has a new feather in her cap, having just been elevated to COO of Naperville, Illinois-based Charter Senior Living. But she has her work cut out for her, too. Charter, a relative newcomer in the industry, plans to more than double the size of its portfolio in the next three years, meaning […]
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