Senior Housing Finance Activity: Welltower’s $3.7 Billion Credit Facility

Welltower Announces Closing of Expanded $3.7 Billion Unsecured Credit Facility Toledo, Ohio-based real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) announced it has closed an approximate $3.7 billion unsecured credit facility, consisting of a $500 million term loan, a $3 billion revolving line of credit and a CAD 250 million term loan ($193.5 million at exchange […]

Senior Housing Finance Activity: NHI, Capital Funding

NHI Announces $14 Million Construction Mezzanine Loan National Health Investors, Inc. (NYSE: NHI), a real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments, has entered into a construction mezzanine loan commitment with its tenant, Senior Living Communities, LLC (SLC), for the development of […]

Senior Housing Finance Activity: HJ Sims, Bellwether Enterprise

HJ Sims Provides Financing for Fla. Senior Rental Community  HJ Sims, a privately held investment bank and brokerage firm, provided financing for a senior living residential rental community for seniors aged 55 and older located in Kissimmee, Fla. Tuscan Isle is immediately adjacent to Solivita, a residential 55+ community with more than 7,000 residents. Tuscan Isle […]

In the Pipeline: Senior Housing Construction Projects (3/19/15)

Construction: Planned Carriage Hill Assisted Living to Break Ground Next Week Carriage Hill Assisted Living will break ground on a new assisted living facility in Madbury, New Hampshire on March 26, the company said in a release. The 24-bed facility will feature architectural features in the style of a New England barn, living rooms, a […]

In the Pipeline: Senior Housing Construction Projects (9/18/14)

Construction: Planned Ohio Senior Living Community Plans $20 Million Expansion Otterbein Senior LIfestyle Choices is planning a $20 million expansion to add more housing to its continuing care retirement community (CCRC) campus in Lebanon, Ohio, reports Dayton Business Journal. The project will create 83 independent living units across 20 new buildings, among them will be 17 […]

Movers and Shakers — People and Positions for June, Part II

Senior living communities are bustling with change, as many of them appoint new directors and executive leadership to manage staff, residents and resources.   Looking for a new job, or even a new career? Check out senior housing employment opportunities nationwide on SHN’s job board, with La Costa Glen Carlsbad in California, Holy Redeemer Health […]

HJ Sims Closes $214 Million Financing For Florida CCRC

HJ Sims recently facilitated $213.8 million financing for a start-up continuing care retirement community (CCRC) in Florida. Sinai Residences of Boca Raton in Boca Raton, Fla. has an overall budget of $250 million, and is expected to open in 2015. The community is sponsored by Federation CCRC Operations Corp., a nonprofit corporation organized to develop, […]

Senior Housing Finance Activity: Grandbridge, Lancaster Pollard, HJ Sims

Grandbridge Facilitates Debt Assumption for HCN Acquisition Grandbridge’s Seniors Housing and Healthcare Finance Team recently facilitated the acquisition and approximately $4.4 million loan assumption of Cascades at Grass Valley, formerly Highgate Grass Valley, in Grass Valley, Calif., on behalf of Health Care REIT. The purchase price was not disclosed. Cascade Senior Living will operate the […]

Omega Communities Plans $200M Mega-Church Model Pipeline

A relative newcomer to the senior housing space is making headway with nearly 10 projects in its mega church-model pipeline thanks to assembling a team of senior housing industry mainstays. Omega Communities, LLC was founded by Pat Trammell, Jr., the chairman and CEO, around three years ago. The concept for each senior living community project includes […]