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 »
Emeritus Co-Founder Targets India’s Massive Senior Housing Opportunity
Daniel Baty’s Columbia Pacific Management (CPM) has entered a new senior housing market: India. And it plans to make a major splash there. The Seattle-based health care operating company recently announced it has acquired Serene Senior Care for an undisclosed sum. Serene currently operates four senior housing Read More »
NHI CEO: Senior Housing Owners May Back Off on Rent Increases for Operators
After a week in which senior living providers intensified fears of oversupply, real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) is not concerned. With increasing pressures on operators, though, NHI indicated it wouldn’t be surprised to see lower rent escalators across the industry. Read More »
HCP Makes Big Moves to Regain Senior Housing Swagger
By spinning off troubled skilled nursing assets, HCP Inc. (NYSE: HCP) leaders said the company can dedicate more time and attention to its senior housing business—and the major real estate investment trust is wasting no time in making moves on this front. Specifically, the Irvine, California-based company Read More »
In the Pipeline: Senior Housing Construction Projects (3/17/16)
(Living room at the Christopher Heights of Northampton senior housing community in Northampton, Mass. — Photo courtesy of Cutler Associates) Construction: Planned Columbia Pacific Advisors Plans 237-Unit Senior Housing Community in Seattle Seattle-based Columbia Pacific Advisors, LLC, is entering into a long-term ground lease with the Archdiocese of Read More »
Senior Housing Investments & Transactions: Blueprint, Greystone
Greystone Real Estate Advisors Closes Sale of Seniors Housing Community in Texas Greystone, a real estate lending, investment and advisory company based in New York City, announced its Real Estate Advisors group closed the sale of Spring Creek Village, a newly-constructed 108-unit memory care and assisted Read More »