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 […]
Formation Capital
Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled nursing giant may use the proceeds in part to increase its involvement in the private pay retirement community sector […]
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 […]
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 […]
There may be risks facing the senior housing market in the coming months and years, but that isn’t stopping top industry players from keeping an overwhelmingly positive outlook on the sector. Bolstering that attitude is the perfect storm of rising occupancy levels, attractive returns, low cost of capital and assets that are “priced to perfection” […]
More than $25 billion in senior housing real estate transactions occurred in 2014 alone. And while 2015 isn’t even through its first quarter yet, the competitive landscape for senior housing acquisitions continues to heat up as existing owners look to build their portfolios and drive profit in the coming year. Join Senior Housing News on […]
The year in review for the senior housing mergers and acquisition market could be characterized by several traits, primarily the insatiable appetite among investors nurtured by billion-dollar blockbuster transactions. Both publicly- and non-traded REITs, private equity firms, as well as other operators were the players, acquiring senior housing and health care real estate and an […]
The market for health care technology abounds with a plethora of startups striving to develop the next big thing that improves quality of care in the most cost-efficient manner possible. As one global startup accelerator takes its network to the next level, such technologies may soon hit the market for senior living organizations in the […]
In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week. LCS Growth Fuels $1 Billion Pipeline of Senior Living Development — In the largest pipeline the company has had in the past six or seven years, LCS is focusing on continuing care retirement communities, repositioning efforts and the […]
Extendicare announced Friday an agreement to sell almost off of its senior care business in the United States for $870 million to a group of investors led by Formation Capital, LLC. The portfolio comprises 141 owned and operated senior care communities, four communities operated under lease agreements, ten which are operated under managed contracts, and […]
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