Middle-market senior living has commanded a lot of attention recently, with demand set to rapidly expand in the coming years. But luxury senior living continues to hold great appeal for developers, investors, operators and — most encouragingly — consumers. Watermark Retirement is certainly not shying away from the luxury market. The Tucson-based company’s development pipeline […]
Formation Capital has a new CEO and is embarking on an investment strategy focused on creating new models of senior living and services. Atlanta-based Formation has been a prolific investor in the senior housing and care sector since its founding in 1999. As of last year, when long-time CEO Brian Beckwith departed, the firm was […]
Brian Beckwith is moving on from Formation Capital after serving as CEO of the Atlanta-based private equity firm for nearly a decade. Formation specializes in senior housing and care investments. The firm has sponsored about $2 billion of equity across senior living, skilled nursing and other post-acute services since it was founded in 1999. Formation […]
Now in the fourth decade of his senior living career, Mike Brown is still thinking big — literally. Brown is chairman of Sterling Estates, a privately held senior living provider that has achieved high occupancy in a crowded market by securing large plots of land and building expansive communities with a focus on wellness. This […]
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, […]
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 […]
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. […]
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 […]
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 […]
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 […]
