Transactions & Financings: ‘Big 3’ REITs in Fed’s Bond Buying Program; Ziegler’s $278M Deal Volume

Federal Reserve’s bond-buying program includes Welltower, Ventas, Healthpeak Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Healthpeak Properties (NYSE: PEAK) are among the real estate investment trusts receiving funding as part of the Federal Reserve Bank of New York’s Secondary Market Corporate Credit Facility (SMCCF), The Real Deal reported. The program, established as part of the […]

Integral Senior Living, Legendary Partner to Create Campus-Style Communities

Developer Legendary Living and Integral Senior Living (ISL) — one of the nation’s largest operators — have forged a strategic partnership and are embarking on a pipeline of resort-style projects. Over the course of five decades, Destin, Florida-based Legendary Companies has created more than $3 billion in real estate development projects, including resorts, hotels, retail, […]

In the Pipeline: Project in Texas Includes Infection Control Design; New Active Community Near Chicago

Construction: Planned National Church Residences Plans Community in Ohio Senior living nonprofit National Church Residences has plans to open a rental senior living community in Columbus, Ohio. The planned mid-rise community will have 62 one-and two-bedroom units. Planned amenities include a fitness center, a wellness suite and a community room with kitchen and social space. […]

Transactions & Financings: Covid-19 Market Instability Halts About $325M in Acquisitions

Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]

Transactions & Financings: Aon’s $30B Willis Towers Watson Merger; Ventas Closes $700M Perpetual Life Vehicle

Ventas closes $700M perpetual life vehicle Ventas (NYSE: VTR) closed its new life science and health care real estate fund, a perpetual life vehicle that focuses on investments in North American core and core plus life science, medical office and senior housing real estate. The fund has more than $700 million in assets under management […]

Transactions & Financings: Related Cos. JV Lands $276M; New Senior Completes $385M Portfolio Sale

New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]

Movers & Shakers: Harmony Senior Services Names Chief Operations Officer; Avamere Bolsters HR Team

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 […]

Movers & Shakers: LCS Hires Development and Real Estate Leader; Oakmont Names Health Services VP

LCS Hires Development and Real Estate Business Leader LCS has Charles Murphy as executive vice president and senior managing director of development and real estate. Murphy, who joins LCS in mid-February, is responsible for strategy and performance oversight of the LCS Development and LCS Real Estate companies. He has previously worked in leadership roles at […]

Transactions & Financings: Bridge Adds 4 Communities; Watermark Awarded $75M Credit Facility

BMO Harris provides $75M credit facility to Watermark, 2 Developers BMO Harris Bank’s Healthcare Real Estate Finance group closed on a syndicated $75 million senior facility to Largo Land Development and Watermark Retirement Communities to finance the construction of a 219-bed independent living, assisted living and memory care community and 64-unit 55-plus active adult community […]