Harrison Street to Sell 75% Stake To Colliers for $450 Million

Harrison Street Real Estate Capital LLC, a real estate investment firm that counts senior housing as one of its investment targets, intends to sell a majority stake to global commercial real estate services firm Colliers International Group Inc. (Nasdaq: CIGI). Specifically, Colliers International has agreed to acquire 75% of Harrison Street from its founders for $450 million, with […]

Movers & Shakers: Former Senior Lifestyle COO Joins OnShift

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. […]

Transactions & Financings: Chicago Pacific Founders, CBRE

MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]

Senior Housing Transactions: CBRE, MBK Senior Living

Golden West Senior Living Sells Community to Chicago Investors Golden West Senior Living has announced the sale of Flatirons Terrace, a 54-unit independent living community in Boulder, Colorado, to Harrison Street Real Estate Capital, a private equity firm based in Chicago. Dial Retirement Communities, of Omaha, Nebraska, will operate the community. Financial terms of the […]

In the Pipeline: Senior Housing Construction Projects (12/14/17)

This week’s In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture & design trends, the annual SHN Awards Competition. Construction: Planned Work Underway for Las Vegas Independent Living Community The Wolff Company has broken ground […]

In the Pipeline: Senior Housing Construction Projects (11/30/17)

Construction: Planned New Jersey Community Plotting $38 Million Expansion and Renovation Harrogate, a Life Care Services community in Lakewood, New Jersey, has announced plans to start a $38 million expansion and renovation project. The project, expected to break ground in late 2018 or early 2019, will include 31 new independent living apartments and 48 new […]

Senior Housing Finance Activity: CBRE, Lancaster Pollard

CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]

Harrison Street Raises $1.15 Billion Fund, Eyes Senior Housing

Harrison Street Real Estate Capital just announced another billion-dollar fund, which will be used in part on senior housing investments. The Chicago-based private equity firm recently closed its sixth U.S. opportunistic real estate fund at $950 million in equity commitments, according to a press release. Additionally, the firm raised $205 million of equity capital in co-investment […]

In the Pipeline: Senior Housing Construction Projects (4/6/17)

Construction: Planned Upscale Community Planned in California A luxury life plan community, or continuing care retirement community (CCRC), is being planned in San Luis Obispo, California. The community, Villaggio at San Luis Obispo, will offer 350 residential living opportunities. Residents will be able to enjoy chef-prepared healthy meals in multiple dining venues as well as […]

Investor Group Makes $625,000-Per-Unit NYC Senior Housing Play

Another high-profile senior housing project is coming to Manhattan, through the nearly $150 million acquisition of a 15-story building on the Upper West Side. The art deco building has 239 units, meaning that the purchase price equates to more than $625,000 per unit. Despite this eye-popping sum, the incoming owners describe the building—which has a […]