Senior Housing Deal Underwriting Adapts as Market Passes Peak Volatility

Senior housing capital markets are beginning to show signs of stability, more than two months after the coronavirus pandemic sent the markets into a time of peak volatility. Investors — particularly private equity — are raising funds. Lending is slowly loosening. Temporary expenses such as hazard pay and personal protective equipment (PPE) are separated from […]

After Negative Senior Housing NOI This Year, JLL Projects Return to 3% Growth in 2021

The Covid-19 pandemic is expected to cut into senior housing operators’ bottom lines and lead to near-term cap rate expansions — but the industry’s long-term prospects are still likely sound, according to a new report from commercial real estate services firm Jones Lang LaSalle (NYSE: JLL). It’s no secret the pandemic has made it harder […]

Senior Living Begins a ‘Decade of Disruption’

As recession fears let up and historically low occupancy trends turn positive, the senior living industry may be able to rest a little easier about its prospects for 2020 — but it shouldn’t rest on its laurels, either. That’s because many of the disruptive forces that have molded the industry in recent years aren’t going […]

Nearly 1 Million New Senior Living Units Needed by 2040

Senior living is currently grappling with the effects of oversupply in some markets. Even more new supply will be needed to meet the demand for senior housing from baby boomers, though, suggests new analysis from the National Investment Center for Seniors Housing & Care (NIC). Using the 80-plus household cohort as a baseline, NIC used […]

Movers & Shakers: New Ecumen CFO; Welltower Names Global Head of Senior Housing

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 […]

Transactions & Financings: JLL’s $2B HFF Acquisition Approved; Presbyterian-Westminster Merger Called Off

JLL completes $2B HFF acquisition Stockholders at Dallas-based capital services provider HFF (NYSE: HFF) last week approved a proposal by commercial real estate services firm JLL (NYSE: JLL) to buy HFF in a cash-and-stock transaction valued at $2 billion. News of the deal was first announced in March. Both firms are active in the senior […]

Senior Apartments Gain Traction, Skew 10 Years Younger Than Independent Living

Senior-only apartments have emerged as their own product type, which may compete to some degree with independent living but is mostly attracting a different, younger resident.That’s according to JLL’s 2019 Seniors Housing Survey, which reached out to over 1,000 lenders, operators and industry consultants about their confidence in senior living as an investment class through […]

JLL Announces $2 Billion HFF Acquisition, Recently Made Senior Housing Hires

The real estate capital markets landscape was shaken up Tuesday with the news that commercial real estate services brokerage JLL (NYSE: JLL) announced a definitive agreement to buy Dallas-based capital markets provider HFF (NYSE: HF) in a cash and stock transaction valued at $2 billion. Both firms are active players in senior housing and generated […]