Senior Living Capital Markets at ‘Peak Volatility,’ But Sector Has Advantages

The Covid-19 pandemic has created an environment of peak volatility for senior living, but the industry’s need-based, recession-resilient components open it up to available sources of liquidity. And as a real estate class, it is far more stable than other product such as retail and hotels. Already, lenders are retreating to the sidelines, becoming extremely […]

Transactions & Financings: Columbia Pacific’s $177M Canadian Portfolio Sale; New Senior’s $270M Refinancing

Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, Ontario The Bradley Gracious Retirement Living, an independent living community […]

Transactions & Financings: Five Star Restructuring Complete; HJ Sims Arranges $219M Construction Financing

Cindat, Omega partner on $232M UK portfolio deal Chinese investment firm Cindat Capital Management entered into a joint venture with health care real estate investment trust, Omega Healthcare Investors (NYSE: OHI), on a 49% stake in a 67-property senior housing portfolio in the United Kingdom from Irvine, California-based health care REIT, Healthpeak Properties (NYSE: PEAK). […]

Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

Transactions & Financings: Ventas’ $490M Colony Capital Refinancing; BPM Senior Living Portfolio Sold

Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]

Transactions & Financings: Avamere Enters Arizona; Northbridge Buys New England Portfolio

Northbridge Senior Housing acquires 8-property New England senior housing portfolio Northbridge Senior Housing, through its Northbridge Strategic Housing Fund II, received acquisition financing for an eight-property senior housing portfolio in New England, totaling 565 units. The properties in the portfolio are: – Avita of Brunswick in Brunswick, Maine– Avita of Stroudwater in Westbrook, Maine– Avita […]

Transactions and Financings: Acts Completes Integrace Affiliation; Avamere’s New Acquisition

Acts, Integrace complete affiliation Acts Retirement-Life Communities completed its affiliation with Integrace and its family of communities throughout Maryland this week. The affiliation brings together two nationally recognized names in the senior living industry under shared leadership and governance. The affiliation was first announced in January. The affiliation gives West Point, Pennsylvania-based Acts entry into […]

Transactions & Financings: Revera’s Tech Investment; KeyBank Lends $159 Million for Acquisitions

KeyBank provides $159 million in acquisition financing to ReNew Investors KeyBank Real Estate Capital Senior Vice President Laura Conway and Senior Vice President Brandon Taseff arranged over $159 million in financing to ReNew Investors and affiliated entities, for the acquisition of eight senior housing communities in Michigan, Pennsylvania and Virginia. The acquisitions were made over […]

Rising Interest Rates, Valuations Could Shorten Senior Housing Investment Runway

With active adult gaining popularity among investors as a property type, no slowdown in M&A activity and a more educated investor pool, senior housing capital markets maintained a robust performance in 2018. These factors are pushing asset valuations higher and spurring more lending. But industry experts at last week’s National Investment Center for Seniors Housing […]