Financings CBIC Provides $17M for AL, SNF Portfolio CBIC Bank announed that it provided a California lessor with a $17.5 million mortgage facility related to the refinancing of an assisted living and skilled nursing portfolio in Southern California. The portfolio consists of 180 assisted living units and 100 skilled nursing bed and is run by […]
Innovation Senior Living
Today we saw the release of an update to the watershed “Forgotten Middle” study that quantified the huge need for more affordable senior living options. While there have been many great ideas percolating in senior living about how to serve this demographic, there is one area I think is still overlooked in 2022: adult day. […]
The senior living industry is on track to be “crushed” by middle-market demand. Those are the words of Innovation Senior Living CEO Pilar Carvajal, who spoke with me for the Senior Housing News Transform podcast in May. “It’s actually an opportunity of a lifetime that I don’t know if our industry is going to be […]
Innovation Senior Living CEO and Founder Pilar Carvajal has spent her career in senior living catering to low- and middle-income older adults. As she looks across the industry, Carvajal is left scratching her head: if so many senior living operators want to make their services more affordable, why don’t they consider expanding into adult day […]
The middle market is one of the biggest opportunities in the senior housing industry, and conditions may be particularly favorable at the moment for operators and capital providers to embark on projects. The reward for senior living companies that can carve out a working middle-market model is that there is a rapidly growing group of […]
National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909 units, and NHI expects to realize a gain on the sale of up to $2 million. To date, the company announced $203.4 million in dispositions and expects to end 2021 […]
Innovation Senior Living was pursuing a strategy of targeting the overlooked adult day market, but with those services on hold due to the Covid-19 pandemic, the company is turning its attention to acquisitions and growth. Currently, the operator manages five senior living communities, mostly for other owners. But Miami Beach, Florida-based Innovation plans to acquire […]
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