Transactions & Financings: Midwest Health’s $84M Refinancing; MBK Acquires California Community

KeyBank secures $84M financing for 11-property Midwest Health portfolio. A KeyBank Real Estate Capital team led by Vice President Lee Delaveris secured an $84 financing package through Fannie Mae for an 11-property portfolio consisting of independent living and assisted living facilities owned and operated by Midwest Health. The portfolio comprises 584 units with properties located […]

Transactions & Financings: Related Cos. JV Lands $276M; New Senior Completes $385M Portfolio Sale

New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]

After Launching Operator, Green Courte Eyes Major Investment in Senior Living

Green Courte Partners hit paydirt four years ago with a massive sale of mostly age-restricted mobile home communities. Now, the Chicago-based real estate private equity firm has its sights set on senior housing. Last year, Green Courte founded True Connection Communities, an in-house operator, and hired former Senior Lifestyle Corporation co-COO Jim Pusateri as its […]

These Concepts Are Taking Senior Living Dining in New Directions

Senior living providers are reworking their dining programs to include wellness-focused menus, cost-efficient kitchen methods and even food trucks. And these are just a few of the recent forward-thinking ideas providers have shared with Senior Housing News. With half of this year behind us, we thought it would be worthwhile to revisit some of these […]

How Senior Living Dining is Adapting for Next-Generation Residents

As the oldest baby boomers begin their transition to senior living, they are bringing with them a greater education about food and drink. As a result, senior housing operators are adding flexibility to their dining programs to accommodate these changes. This flexibility was the focus of “New Dining Formats for the Next Generation of Senior […]

Former Senior Lifestyle Exec Pusateri Becomes CEO of True Connection Communities

Green Courte Partners, a Chicago-based real estate private equity firm, announced the hiring of former Senior Lifestyle Corporation co-COO Jim Pusateri as CEO of its senior living platform, True Connection Communities. Pusateri will also join Green Courte as a managing director. Pusateri joined Chicago-based Senior Lifestyle, the 8th-largest provider in the nation, as co-COO in […]

New $500 Million Private Equity Fund to Target Senior Housing

A real estate-focused private equity firm has raised $503.2 million for its fourth fund that will target the specialty housing market, including senior housing investments. The firm, Chicago-based Green Courte Partners, plans to leverage the $503.2 million equity fund to invest up to $1.5 billion in niche real estate assets. The new fund, Green Courte Real […]

Senior Housing Investments & Transactions: NHI Acquires $74 Million CCRC

NHI Acquires $74 Million CCRC in Connecticut Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) acquired an entrance-fee continuing care returned community (CCRC) in North Branford, Connecticut, for $74 million. The CCRC will be leased to NHI’s current tenant, Senior Living Communities, based in Charlotte, North Carolina. The lease term is 13 […]

Senior Housing Investments & Transactions: Walker & Dunlop Closes $3.8 Billion Servicing Portfolio

Walker & Dunlop Closes Acquisition of $3.8 Billion Portfolio Walker & Dunlop, Inc. (NYSE: WD) completed the purchase of a $3.8 billion commercial mortgage servicing portfolio from a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY) for a final closing price of $44.6 million. The previously announced acquisition makes Walker & Dunlop, a major financing for […]

Senior Housing Finance Activity: Cushman & Wakefield, Ziegler

Cushman & Wakefield Arranges $53.4 Million in Construction Financing for LCB Senior Living Developments in Massachusetts Cushman & Wakefield Senior Housing Capital Markets, a global real estate services firm, has arranged $53.4 million loan in construction financing and joint venture equity for LCB Senior Living’s two senior housing developments in Massachusetts. The Residence at Vinnin Square […]