HCP Acquires 9 Discovery Communities for $445 Million

HCP (NYSE: HCP) has inked a $445 million deal to acquire nine senior housing communities operated by Discovery Senior Living as part of a flurry of recent activity. The Irvine, California-based real estate investment trust (REIT) also acquired three Oakmont Senior Living buildings and has expanded its RIDEA partnerships with Oakmont and Sunrise Senior Living. […]

Transactions & Financings: Welltower’s San Antonio Portfolio Buy; SunTrust’s $69M Financing

Welltower acquires San Antonio senior living portfolio Toledo, Ohio-based health care real estate investment trust (REIT) Welltower (NYSE: WELL) acquired a two-building senior housing portfolio in San Antonio, Texas, totaling 335 units. The seller was Dallas-based senior housing developer, South Bay Partners.The two adjacent buildings, Watercrest at Dominion (230 units) and Isle at Watercrest Dominion […]

Senior Living Providers Target Better Blend of Hospitality, Health Care

In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]

In the Pipeline: Silverado’s New Community, Discovery Senior Living Unveils Renovations

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 Officials OK Modernization of New York Affordable Senior Housing Community The Rochester City Council […]

Locking Rents Could Be More Gimmick Than Game-Changer in Senior Living

Senior living providers across the country have done some creative things to attract new residents, from installing touch-screen tables in community sales centers to offering potential residents the chance to “try before they buy.” Some tactics are riskier than others, though, including offering locked-in rents in which initial rates are frozen for a set period of time. […]