Senior Housing’s Top 10 Mega Deals of 2013

Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]

Cautious Senior Housing Lenders Put Brakes on New Construction

Senior housing underwriters are taking notice as new construction ticks up as a percentage of existing inventory, but capital providers are playing a role in making sure the industry doesn’t get overbuilt. “[New construction] has a dramatic impact on underwriters,” Justin Hutchens, president and CEO of National Health Investors (NYSE:NHI), said during the 2013 Annual […]

Formation Capital Acquires Senior Housing Portfolio for $400 Million

Formation Capital announced today the acquisition of a 36-property senior housing portfolio for approximately $400 million with investment partner SAFANAD, a global principal investment house, from an undisclosed seller. Senior Lifestyle Corp., based in Chicago, will continue to manage a portion of the communities, while Frontier Management, Prestige Senior Living, and other senior living management […]

Investors Focus on Repositioning Aging Senior Housing Stock as New Construction Lags

With new senior housing and care construction still challenging to finance, investors and operators have a great opportunity to reposition aging stock to meet the demand of future residents, said panelists at the National Investment Center for the Seniors Housing & Care Industry’s National Conference earlier this week.  There has been a “dramatic” change in […]

Formation Capital Partners with Global Investor to Acquire SNF Portfolio for $750 Million

Senior housing and skilled nursing investor and asset manager Formation Capital recently partnered with global investment house Safanad to acquire one of the United States’ largest standalone skilled nursing portfolios for $750 million. The properties are located in East Coast states and are leased to a top-ten operator. The 68-property portfolio transaction represents the second […]

On the Record: Mark Spiegel, Co-Founder & President of Formation Development Group

In 2009, Alpharetta, Ga.-based Formation Development Group and Radnor, Pa.-based Shelbourne Healthcare Development Group and their respective capital arms formed a joint venture, called Formation-Shelbourne Senior Living Services. The partnership brought together a team of members with extensive background in the senior living industry, allowing former Sunrise Senior Living principals and EdenCare Senior Living executives […]