Prudential Real Estate Investors, the real estate investment and advisory business of Prudential Financial, Inc. (NYSE:PRU) recently completed the final close for its fourth senior housing fund, Senior Housing Partners IV, after securing $568 million of discretionary capital from institutional investors. This marks the largest senior housing fund ever for the firm. “There is a […]
Health Care REIT
HCRI Wisconsin Properties LLC, an affiliate of Ohio-based Health Care REIT, recently bought a Wisconsin senior housing complex for $28.6 million from Chicago-based Senior Lifestyle Corp, according to the Milwaukee Journal Sentinel. Harbour Village is a 229-unit senior living community located in Greendale, Wisc. that includes 118 independent living apartments, 59 assisted living apartments, and […]
Early spring temperatures have given rise to the promise of summer. While spring blooms maybe on the horizon, sprouts in the job world of senior housing are starting to appear in 2012. Looking for nice buds to plant in your organizational garden? Post your jobs online with Senior Housing News for $50 for sixty days. […]
There was widespread uproar in the skilled nursing industry last summer when the Centers for Medicaid & Medicare Services (CMS) announced an upcoming cut to Medicare reimbursement rates. The cuts have been in effect for a full quarter now, and it looks the industry is still hanging on—for now. REITs: Less Impacted Than Expected HCP, […]
There’s been some buzz recently around the accountable care organization (ACO) model found within President Obama’s healthcare reform bill, as the senior care industry looks into partnering up with other providers in the continuum of care to provide the best possible outcomes for patients. Even though much of the bill won’t go into effect until […]
Construction for seniors housing is still very low, according to the National Investment Center for the Seniors Housing & Care Industry, but if the most recent round of quarterly earnings calls are any indication, it looks like some real estate investment trusts (REITs) are cautiously beginning to finance some development projects. HCP, Inc.: Partnering with Brookdale for […]
Beech Street Capital Closes $8.9 Million Refinance for New Jersey SNF Beech Street Capital, LLC announced that it provided an $8.9 million HUD Section 223(a)(7) loan to refinance Arcadia Nursing & Rehabilitation Center, a 128-bed skilled nursing facility in Hamilton Square, New Jersey. The borrower had 28 years left on an existing $9 million FHA-insured […]
Health Care REIT, Inc.’s recent RIDEA-structure partnership with a Canadian REIT for a 42-property portfolio makes sense, says the U.S. company, considering extremely favorable market demographics of a large senior population and a growing demand for senior housing. “We have spent some time over the last year or so looking at different marketplaces and Canada we […]
On Feb. 3, Health Care REIT, Inc., (NYSE:HCN) closed its acquisition of a Belmont Village assisted living facility located in San Diego, Calif., for a purchase prices of approximately $67.5 million. The 176,379-square-foot building was purchased from Belmont Village Sabre Springs LP, and follows the Ohio-based Health Care REIT’s November acquisition of another California assisted […]
Following its announcement of expanding into Canada with a 42-property portfolio, Health Care REIT, Inc. (NYSE:HCN) released its earnings results for the fourth quarter ended Dec. 31, 2011, reporting a net income of $42.3 million. This represents an 8% decrease from 2010’s $46 million and may stem from the REIT’s rigorous recent acquisition activity. The […]
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