In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned HumanGood receives $3.3M grant for Philly affordable community HumanGood recently announced a $3.3 million grant […]
HUD
New federal guidelines around mortgage insurance applications could help more senior living providers access financing. The new U.S. Department of Housing and Urban Development (HUD) rules change a corporate credit review period of 18 months and increase the threshold for when a corporate credit review is required as it pertains to seeking HUD financing. According […]
Transactions Blueprint advises sale of Anthology Senior Living Community Blueprint advised the sale of a 101-unit Anthology Senior Living Community in the Cincinnati, Ohio metro on Oct. 3. The community opened in 2017 and was sold to Community First Solution, a regional not-for-profit. The sale of the community was to recycle capital, and Blueprint helped […]
The U.S. Department of Housing and Urban Development (HUD) funded far fewer loans in the first quarter of this year compared to last year, recently published Trepp data shows.Factors such as omicron, high expenses and labor shortages kept firms on the sidelines. HUD funded 346 loans totaling $6.04 billion for 1Q, and that was down […]
Happy Monday, Senior Housing News readers! Here are several stories you simply must read before jumping head on into this week: Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, moved to purchase the 79-property portfolio of Vancouver, Washington-based Hawthorn Retirement Group. Columbia Pacific Advisors’ planned acquisition of Hawthorn Retirement likely commanded a […]
Many assisted living companies seek financing insured by the Department of Housing and Urban Development (HUD). However, doing so comes with requirements that providers must be vigilant about meeting, as demonstrated by a recent audit report of one California assisted living community from the HUD Office of Inspector General. The 101-unit Cypress Meadows community—with a […]
PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]
AEW Raises $500 Million for U.S. Senior Housing Fund Boston-based AEW Capital Management recently raised about $500 million for its third U.S. senior housing fund, IPE Real Estate reported. AEW aimed for a total equity raise of $500 million, IPE noted, citing a consultant of a pension fund intending to commit to the fund. The total […]
Senior Housing News will be observing the Thanksgiving holiday Thursday, Nov. 24 and Friday, Nov. 25. We will return to our normal posting schedule Monday, Nov. 28. Genesis Healthcare Reveals Executive Departures, Appointments Genesis Healthcare, Inc. (NYSE: GEN) revealed the retirement of Robert A. “Mike” Reitz from his position of executive vice president and COO […]
Lifespace Communities Appoints Senior VP of Business Development Lifespace Communities, one of the nation’s largest not-for-profit senior living providers, hired Joe Anderson as senior vice president of business development. In the role, Anderson will drive the Des Moines, Iowa-based company’s growth through mergers and acquisitions. He comes to the role with almost 30 years of […]
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