Epoch Senior Living and its development partner, National Development, made a splash when they introduced the Waterstone brand in 2012. The first Waterstone building, located in the Massachusetts town of Wellesley, won the Senior Housing News Architecture and Design Award for Best Assisted Living, as well as the gold award for design from the National […]
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 […]
Sunrise Stockholders Approve Acquisition by Health Care REIT, Completed Jan. 9 Sunrise stockholders voted at a special meeting on Monday to approve the company’s previously-announced merger with Health Care REIT, Inc. (NYSE:HCN). A majority (98.3%) of the votes case by Sunrise stockholders were in favor of this proposal, representing 69.4% of the shares of common […]
Cain Brothers Arranges $11.2 Million Loan for Ore. Senior Care Facility Cain Brothers Funding arranged an $11,212,000 taxable loan insured under the FHA Section 232-223(a)7 LEAN program for Dallas Health Care Center, a 161-unit skilled nursing, assisted living, and memory care facility located in Dallas, Oregon. The proceeds of the new loan were used to […]
While the past year has been characterized by robust senior housing financing activity, uncertainty related to the fiscal cliff and tax changes has amped up transactional pace prior to 2013—even though the new year is not expected to be substantially different in terms of financing availability. The fiscal cliff is affecting many areas of the […]
Mergers and acquisitions is the way to go for growth in 2013, according to a GE Capital Healthcare Financial Services survey of senior housing and care industry executives. Two-thirds (66%) named mergers and acquisitions as their primary growth strategy in 2013, while 27% plan to grow organically by upgrading and repositioning existing properties. “Despite lingering […]
Patient rehospitalizations from skilled nursing facilities is a costly problem the industry is working to fix, especially after a study revealed accelerated cognitive decline in elderly patients after a hospitalization, and a panel of experts at a recent session during NIC’s 2012 Skilled Nursing Investment Forum said readmissions could be linked to length of stay […]
Quality matters, and keeping track of data and providing good outcomes in skilled nursing facilities is crucial, especially as failure to do so could seriously impact a facility’s bottom line, said a panel of experts at the National Investment Center for the Seniors Housing & Care (NIC) Skilled Nursing Symposium in Boca Raton, Fla. Documentation, […]
GE Capital, Healthcare Financial Services announced in late January that it had financed more than $7 billion to customers in 2011 in more than 200 transactions, with a significant portion of that going toward financing senior housing and care. Last year was a good year for the company, according to senior managing director and head […]
With healthcare real estate investment trusts (REITs) having such a low cost of capital, it’s often difficult for private equity firms to compete when it comes to stabilized, “Class A” senior housing and care assets, but there’s room for investment when it comes to turnaround deals and development. REITs are grabbing the “lion’s share” of […]
