Welltower Secures $3 Billion Revolving Credit Facility Welltower Inc. (NYSE: WELL) recently entered into a credit agreement that consists of a $3 billion unsecured revolving credit facility, a $500 million unsecured term credit facility and a CAD 250 million unsecured term credit facility. The Toledo, Read More »
Brookdale CEO: Senior Housing Portfolio Should Be 20% Smaller Within 3 Years
Brookdale Senior Living (NYSE: BKD) is continuing to make headway with its real estate investment trust (REIT) partners as it shrinks its portfolio and re-balances from leased properties toward owned assets. Brentwood, Tennessee-based Brookdale is the nation’s largest senior housing company, with a total portfolio Read More »
Transactions & Financings: HFF, Summit Senior Living, Capital One
HFF Advises on $115 Million Financing for Seattle Senior Housing Development Holliday Fenoglio Fowler, L.P. (HFF) has advised Columbia Pacific Advisors on the $114.69 million financing for a luxury, high-rise senior housing property in Seattle. The 24-story property—620 Terry—will offer 243 Class A residential units comprising Read More »
In the Pipeline: Work Starts for Welltower and Sunrise Project in Manhattan
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, the annual SHN Awards Competition. Construction: Planned Hunt Midwest Planning New Read More »
HCP Bullish on Portfolio with New Operators, Less Brookdale
HCP, Inc. (NYSE: HCP) has come a long way from the company it was a few years ago. “By all measures, 2017 was a pivotal year in our transformation of HCP,” Thomas Herzog, president and CEO of the Irvine, California-based real estate investment trust (REIT), Read More »
Senior Housing Investments & Transactions: Chevalier, Columbia Pacific Advisors
CBRE Arranges $6.8 Million Sale of California Seniors Housing Community CBRE, a large commercial real estate and investment firm, brokered the sale of Williams Senior Apartments, a 28-unit age-restricted senior housing community in Brea, California. Restoration Enhancement acquired the property from a private seller for Read More »
Long-Term Care Megadeals Boost Health Industry M&A
The U.S. health services industry saw an “unusually high number of megadeals” in the second quarter of 2017—some of which took place in the long-term care sub-sector, according to data published by audit, assurance, tax and consulting firm Pricewaterhouse Coopers (PwC). Overall, 219 deals occurred Read More »
Must-Read News: Columbia Pacific’s $2 Billion Senior Housing Play
Happy Monday, Senior Housing News readers! Here are several stories you simply must read before jumping head on into this week: Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, moved to purchase the 79-property portfolio of Vancouver, Washington-based Hawthorn Retirement Group. Columbia Read More »
Rumored $2 Billion Hawthorn Pricetag Drives Brookdale Speculation
Columbia Pacific Advisors’ (CPA) planned acquisition of Hawthorn Retirement Group likely commanded a hefty price tag—and it may be an indication of what’s to come for the largest senior housing owner and operator out there, Brookdale Senior Living (NYSE: BKD). While CPA did not officially disclose Read More »
[Updated] Columbia Pacific Advisors to Purchase 79-Property Hawthorn Portfolio
A familiar face in the senior housing industry is making yet another splash with a newly announced acquisition. Seattle-based senior housing investment company Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, has moved to purchase Vancouver, Washington-based senior living developer, operator and owner Hawthorn Read More »