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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
