Senior Housing Investments & Transactions: Fortis Files for Receivership

Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]

Why It’s Gotten Harder to Secure a Senior Housing Construction Loan

Across the U.S., some developers are finding it a little more difficult to get money to build new senior housing projects. And it’s not just the developers saying that. Some of those big national capital providers also agree that construction loans for senior housing are generally harder to come by these days. Issues like construction […]

Senior Living and the City: Hottest Urban Design Trends

Senior living projects in city centers are not for the faint of heart. Between high land and construction costs, site scarcity, lengthy entitlement processes and sticker shock for lenders, taking on this type of development is no easy endeavor—and that’s not to mention design constraints. But given the unique strategies the majority of senior living […]

How Affordable Independent Living Will Fare in 2017

The senior housing industry as a whole is seeing growth as the baby boomer generation moves into retirement. Still, senior housing isn’t expected to see as much of an uptick as other housing categories this year. When it comes to growth in the next year, housing industry owners, developers and managers predict the largest surge will occur in […]

Senior Housing Finance Activity: CBRE, Love Funding

Lancaster Pollard Arranges $5.3 Million Financing for BPM Senior Living Lancaster Pollard recently arranged a $5.3 million Fannie Mae loan for Portland, Oregon-based senior living owner/operator BPM Senior Living. The loan provides capital for Royalton Place, a 70-unit, 79-bed assisted living and memory care community in Milwaukie, Oregon. The financing is related to BPM’s plan […]

Senior Housing Finance Activity: Walker & Dunlop, HHC Finance

KeyBank Closes Acquisition Loan for Three Senior Housing Communities in Pennsylvania KeyBank Real Estate Capital’s healthcare platform recently closed an acquisition loan for Baltimore-based Capital Health Group to purchase three senior housing communities located in Southeast Pennsylvania. Together, the communities have more than 500 units. Shortly after purchasing the portfolio, Capital Health Group refinanced Key’s acquisition/bridge […]

Senior Housing Finance Activity: CBRE, Cushman & Wakefield

Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]

Survey Says: Senior Housing Construction to Increase in 2017

Although there is chatter in the industry that construction is slowing down, many senior housing executives say they actually are planning to start building projects this year. A full 75% of execs said they either are extremely likely or somewhat likely to pursue a construction project this year, when surveyed by investment banking and advisory services firm Lancaster […]

Senior Housing Finance Activity: Cushman & Wakefield, Capital Funding Group

Cushman & Wakefield Arranges $23.3 Million in Financing for LCB Senior Living Cushman & Wakefield Senior Housing Capital Markets, in its exclusive representation of Norwood, Massachusetts-based senior housing owner/operator LCB Senior Living, LLC, recently arranged $23.27 million in construction financing for LCB’s 13th senior housing development, The Residence at Stony Ford in Stamford, Connecticut. Currently under […]