PGIM Halfway to $750 Million Target with Newest Senior Housing Fund

PGIM Real Estate is raising funds for its latest senior housing at a rapid pace. The Parsippany, New Jersey-based real estate investment firm is more than halfway toward its $750 million fundraising target, with significant contributions from pension funds paving the way. The Pennsylvania State Employees Retirement System (SERS) approved a $100 million commitment to […]

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 […]

Transactions & Financings: Ziegler Arranges Bond Financing, Arcapita Grows U.S. Portfolio

Ziegler Arranges $200.6 Million Bond Financing Ziegler announced the closing of the Trousdale Foundation Properties $200,570,000 Series 2018 bonds. Ziegler served as the underwriter and placement agent for the bonds which were issued in various series including tax-exempt senior, taxable senior and tax-exempt subordinate bonds. Proceeds from the bonds were used to finance the acquisition and […]

Transactions & Financings: Ziegler Takes Lead on Locust Point Fund, NHI’s $300M Loan

Ziegler Is Anchor Investor In Locust Point Private Credit Fund Ziegler announced it was an anchor investor in Locust Point Capital’s debut private fund, which closed earlier this month oversubscribed at $312 million. Ziegler and Locust Point have a relationship dating back to the mid-1990s, Managing Director and co-head of Ziegler’s Proprietary Senior Living Practice Don […]