Hard Hit CCRC Market Sees Booming Post-Recession Comeback

After a relatively flat market for continuing care retirement community finance following the housing crash and subsequent recession, financing activity is coming back—and then some—in even the hardest hit areas like Florida. SantaFe Senior Living, a not-for-profit affiliate of SantaFe Healthcare, Inc. saw the product of the downturn firsthand when it brought a strategic repositioning […]

CBRE, Greystone Top Age-Restricted Senior Housing Lender Ranking for 2013

As the number of seniors housing finance players continued to expand over the course of 2013, and more liquidity came into the market, several lenders posted big originations numbers both in terms of origination counts and dollar volume of lending facilitated. Topping the list for last year’s originations for senior housing specified as age restricted […]

Senior Housing Finance Activity: Ziegler Closes $73M for New CCRC

Ziegler Closes $73 Million Financing for Ill. CCRC Development Ziegler recently closed issuance on $73,465,000 of Series 2014 tax-exempt, fixed-rate bond financing for the development of MRC The Crossings in League City, Texas, sponsored by Methodist Retirement Communities, a not-for-profit corporation. In December of 2012, MRC purchased approximately 19 acres and began funding the pre-development […]

Most Popular Senior Housing News of the Week: Top 5 Design Must-Haves

In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Freddie Mac Unveils New Senior Housing Product, Greystone First to Market—Freddie Mac released a revolving credit product specific for senior housing borrowers. Greystone was the first to secure the credit facility for a developer client, in […]

Senior Housing Finance Activity: Skilled Healthcare Group, Greystone, Lancaster Pollard

Greystone Closes $117 Million Portfolio Acquisition of Affordable & Senior Housing Greystone recently announced the closing of a $117 million multifamily transaction in Georgia to be used toward the acquisition and rehabilitation of 44 affordable housing properties, more than half of which are designated senior housing. The portfolio contains 1,362 units that serve low-income households in […]

Kansas CCRC Repositioning With $85 Million Refinance

A Kansas continuing care retirement community is looking to stay competitive going forward by using an $85 million refinance to reposition its campus and prepare for the future. Presbyterian Manors of Mid-America, Inc. (PMI), a not-for-profit organization, owns and operates 16 senior living communities in Kansas and Missouri and will use a portion of the […]

Senior Housing Finance Activity: Berkadia, Cambridge, Ziegler, More

Lancaster Pollard Assisted Kan. CCRC with Bond Refinance Lancaster Pollard recently assisted Brewster Place Retirement Community, a not-for-profit continuing care retirement community in Topeka, Kan., in refunding an existing bond issue. The 30-acre CCRC has 229 independent living units, 28 assisted living units and a fully licensed 97-bed skilled nursing facility. Lancaster Pollard developed a […]

CCRC Entry Fee Model Here to Stay—For Now

Thanks to the Great Recession’s impact on seniors’ net worth, some expect rental continuing care retirement communities (CCRCs) to gain market share in the next few years while others contend the diversity of the baby boomer generation will support the near-term viability of the entry fee model as well.  “Both will continue to have their places […]

CCRC Business Model Proves Resilient, But Not Without Bruises

The housing market crash along with the worst economic downturn since the Great Depression has reshaped the way continuing care retirement communities (CCRC) are conceived, developed and operated. While the downturn proved too much for some projects to handle, the market has largely performed well over time, those active in the market say. “The challenged […]