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 Pacific Advisors’ planned acquisition of Hawthorn Retirement likely commanded a […]

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 financial details of the transaction, the 79-property portfolio and related […]

[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 Retirement, the company announced Monday. The deal includes Hawthorn’s 55 […]

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 communities in South India. If all goes to plan, Serene’s […]

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. Despite the nation’s largest senior living provider, Brookdale Senior Living […]

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 has brought on board the former CEO of the nation’s […]

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 Seattle and St. James Cathedral to build a 237-unit senior […]

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 living community in Spring, Texas. Financial details were not disclosed. […]

Senior Housing Investments & Transactions: Leisure Care, Commonwealth

3 Senior Living Communities Acquired for $15.7 Million Pennsylvania-based Lake Erie College of Osteopathic Medicine (LECOM) has acquired three senior living communities for $15.7 million. As part of its commitment to wellness for this age group, LECOM has purchased Parkside Senior Living Communities with its three independent living and personal care facilities, located in Erie, North […]

Senior Housing Investments & Transactions: Columbia Pacific Advisors

American Healthcare REIT III Completes $350 Million in Acquisitions in Q1 American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced recently that the real estate investment trust (REIT) completed the acquisition of 18 health care properties in 11 states, as well as a collateralized debt instrument, for an […]