Tech Beat: New Lyft Partnership, $1.2 Billion Ability Acquisition

Lyft, Allscripts Join Forces to Provide Health Care Transportation A new partnership between ride-hailing service Lyft and healthcare information technology firm Allscripts (NASDAQ: MDRX) could result in less lower-income patients missing doctor’s appointments due to lack of transportation. Under the new partnership, clinicians will be able order non-emergency Lyft rides for their patients using Allscript’s electronic health record (EHR) platform, […]

Experts Reveal the Art of Pricing Senior Housing Properties

Pricing senior housing properties is more of an art than a science—and today’s prospective buyers weigh different components in wide variety of ways. That’s according to a panel of experts who spoke Friday at the National Investment Center for Seniors Housing & Care (NIC) Spring Investment Forum in Dallas. “There’s a wider disparity in the […]

First-Of-Its-Kind Assisted Living Quality Database Launching in October

Soon, the assisted living industry may have its own version of ‘Nursing Home Compare.’ Raleigh, North Carolina-based senior housing analytics platform VisionLTC and Formation Healthcare Group (FHG)—a subsidiary of private investment management firm Formation Capital—recently joined forces to develop an assisted living quality database. The new database will serve many purposes, according to VisionLTC CEO Arick Morton. […]

Senior Housing Finance Activity: RED Capital, CBRE

RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]

Senior Housing Investments & Transactions: HFF, NHI

HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Advisors, a real estate private equity investor in off-campus student […]

Senior Housing Investments & Transactions: Safanad, Formation Capital Acquire $129 Million Portfolio

Safanad and Formation Capital Acquire $129 Million Assisted Living Portfolio  Safanad, a global principal investment firm that invests in real estate, private equity and public markets, and its industry partner in the senior care investment platform, Formation Capital, have acquired a portfolio of nine assisted living facilities for the price of $128.6 million. Formation Capital […]

U.S. Investors Take the Lead in European Senior Housing Markets

As large portfolio deals in the U.S. senior housing sector have become rarer, some major investors are closing big transactions in foreign markets. Prominent U.S. real estate investment trusts have posted noteworthy Canadian deals recently, but they also are active overseas, dramatically ramping up activity in European markets in the last year. Europe-based investors reduced […]

NorthStar to Acquire $640 Million CCRC Portfolio

NorthStar Healthcare Income Inc., a public, non-traded real estate investment trust, has agreed to purchase 15 continuing care retirement communities (CCRCs) from subsidiaries of Fountains Senior Living Holdings, LLC, in a deal totaling approximately $640 million. National senior living operator Watermark Retirement Communities Inc. will continue as the day-to-day operator of the CCRCs after the […]

Disney Today, Senior Living Tomorrow: Adapting Mainstream Tech

Mainstream disruptive products such as Uber and Airbnb may have yet to make a formal foray into senior living on a wide-scale basis, but providers can take cues from the technology being developed for the overall population as a way to improve the quality of care.  Drawing from several mainstream trends in technology, including elevated […]