Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]
Columbia Pacific Advisors
Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, Ontario The Bradley Gracious Retirement Living, an independent living community […]
Private equity investment in senior housing has gained momentum over the last several years and could reach new heights in 2020 — which might spell trouble for the industry down the road. Specifically, some private equity funds may be coming to the space for the first time with unrealistic expectations, which could result in a […]
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 Cypress Cove at HealthPark Florida Planning $60M Active Adult Community Cypress Cove at […]
Fresh off opening a senior living highrise it developed in its home base of Seattle, Columbia Pacific Advisors is pursuing further urban projects while also scaling up its portfolio of middle-market Hawthorn communities. Since joining Columbia Pacific in 2012, Managing Director Todd Seneker has led the development, acquisition and repositioning efforts of over 25,000 senior […]
A growing number of multifamily real estate developers are entering the senior housing space, encouraged by demographic trends showing an explosion in the 85-plus generation over the coming decades. Among the latest is Woodmont Properties. The Fairfield, New Jersey-based firm recently launched a senior housing division and tapped industry veteran Stephen Nichols to lead it. […]
New Senior Retires $125 Million Of Mortgage Debt New Senior Investment Group (NYSE: SNR) paid off $125 million of mortgage debt with a combination of cash on hand and the proceeds from a new revolving credit facility secured by eight private pay senior housing facilities. This transaction lowers New Senior’s leverage and interest expense. Borrowings […]
Three major players in the U.S. senior housing industry are rumored to be interested in acquiring a London-based firm with more than 200 care homes in the United Kingdom. The U.K. company, Barchester Healthcare, was put up for sale in June for a sale price of at least £2.5 billion, or roughly $3.1 billion. Two real […]
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, Ohio-based health care real estate investment trust (REIT) reached the […]
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 of about 1,010 communities. The goal is to reduce that […]