In the Pipeline: Cypress Cove’s $60M Expansion; South Bay Partners Breaks Ground in California

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 […]

Columbia Pacific Scales Middle-Market Hawthorn Platform, Pursues More Urban Senior Living

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 […]

Woodmont Properties Taps Industry Veteran To Launch Senior Housing Pipeline

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. […]

Transactions & Financings: Welltower’s $3 Billion Revolving Credit Facility

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 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 of about 1,010 communities. The goal is to reduce that […]

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 194 independent living units, 21 assisted living units and 28 […]