Transactions & Financings: Charter Health Care Acquires Hospice Provider; Standard Communities’ $68M Senior Apartment Deal

Charter Health Care Group is expanding its post-acute care platform. The Cucamonga, California-based provider acquired The Providence Hospice and The Providence Home Health Services, a Houston-based in-home health care provider. Financial terms of the transaction were not disclosed. This is now Charter’s sixth acquisition since early 2020, now serving 4,500 patients in seven states. Charter […]

Transactions & Financings: Welltower Closes $750M Note Offering; Boston Financial’s $173M LIHTC Fund

Welltower (NYSE: WELL) is improving its liquidity debt maturities situations. The Toledo, Ohio-based health care real estate investment trust closed a $750 million offering of 2.8% senior unsecured notes, due in June 2031. Welltower will use the net proceeds to redeem $340 million of outstanding 3.75% senior notes due March 2023, and $335 million of […]

Transactions & Financings: Focus’ $165M Portfolio Acquisition; Sabra’s $29M Transaction

Focus Healthcare Partners is adding more independent living to its senior housing portfolio. The Chicago-based health care real estate investor acquired four independent living communities in the metro Atlanta market, totaling 559 units, for $164.5 million. The communities are operated by Edmond, Oklahoma-based owner and provider, Mansions Senior Living. Focus purchased the portfolio through its […]

Transactions & Financings: NIC Acquires VisionLTC Data Platform; Atlas Expands Footprint

The National Investment Center for Seniors Housing & Care (NIC) is strengthening its data analytics platform. The industry group this week announced the acquisition of VisionLTC, a data analytics platform based in Raleigh, North Carolina. The platform will be integrated into the group’s NIC MAP data service to create a new platform, NIC MAP Vision. […]

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and […]

Transactions & Financings: McFarlin Group Sponsors Global Investor; Greystone’s $24M HUD Loan

McFarlin Group is looking beyond the U.S. for senior housing investors. The Dallas-based fully integrated senior housing firm became a sponsor of Private Wealth Global, an investment platform focused on core-plus and value-add opportunities in the U.S. and Europe, particularly multifamily and health care. The move gives McFarlin access to investors in South America and […]

Transactions & Financings: PGIM’s $222M Financing for Aegis; Healthpeak Prices $1.45B in Notes

Earlier this month, Aegis Living and its joint venture partner, Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. The deal was facilitated in part by a $222 million Fannie Mae credit facility arranged by PGIM Real Estate. The 10-year interest-only loan is […]

Transactions & Financings: LCS Assumes Operations of Rose Senior Living; United Church Homes’ New Development Venture

Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, Tennessee Rose Senior Living and Rose Villas, Avon, Ohio Rose Senior Living, […]

Top Senior Housing Trends for 2021

Among the many lessons that Covid-19 drove home in 2020: No one can predict what the future holds. But as the senior living industry battles the latest wave of infections and starts to beat back the pandemic through vaccination, it’s also more important than ever to look ahead and try to identify what trends will […]

Life Plan Communities Buoyed by Independent Living Resilience, Strong Home Sales

The resilience of independent living during Covid-19, coupled with a stronger-than-expected market for residential home sales, will contribute to a stable outlook for life plan communities in 2021. That’s according to a report released Wednesday from Fitch Ratings. The credit rating agency also cited favorable demographic trends and good access to capital markets as contributing […]