Senior living providers must innovate to make working at their communities a “desirable job” while simultaneously working through a tough capital environment to continue growth and margin expansion. That’s according to Lument Managing Director Casey Moore in reference to a recent survey from Senior Housing News and Lument. The 2024 Senior Living Outlook Survey and […]
Lument
Financings Lument closes on $13.4 million Fannie Mae loan to refinance Texas community Lument announced on Sept. 14 that it has closed on a $13.4 million Fannie Mae loan to refinance The Fordham at Eagle Springs, located in Humble, Texas. The age-restricted community was built in 2020 and consists of six buildings with 137 units. […]
Sales Atlas Senior Living Acquires Community in Mississippi Atlas Senior Living has acquired The Claiborne at Adelaide, a senior living community in Starkville, Mississippi. The community offers independent living, assisted living, and memory care services with a focus on providing personalized care and services. With the deal, the senior living operator’s footprint in has expanded […]
In the long-term, senior living leaders are optimistic about the industry’s prospects. But they see plenty of challenges left to conquer in the short-term relating to staffing and other top industry issues. Those were the findings of the latest Senior Living Industry Outlook from Senior Housing News in partnership with Lument. The survey, released this […]
Financings Brookdale Fefinances $220M Debt to September 2024 Brookdale (NYSE: BKD) announed it refinanced substantially all of its 2023 debt maturities, totaling $220 million, until its next maturity in September 2024. The debt has a variable interest rate of 2.45% over SOFT and is secured by priority mortgages on 24 of Brookdale’s 364 owned communities. […]
Senior housing and care deals accounted for the highest transaction volume of any health care sector last year. Of the 1,094 health care transactions tracked in 2021, 403 mergers and acquisitions (36.8%) involved long-term care, according to a recent CliftonLarsonAllen report that cited Irving Levin Associates data. Independent living/active adult, assisted living and memory care, […]
Sales MedCore Sells Washington Community MedCore Partners announced the sale of its Cooks Hill Manor community, according to a press release. The move brings MedCore portfolio to 15 senior living properties across the states of Arizona, California, Oregon, Texas, Utah, and Washington. Grandbridge Arranges New Hampshire CCRC Sale Grandbridge Real Estate Capital announced that it […]
The senior living industry is grappling with historic staffing challenges that show no sign of letting up — and yet, owners and operators are feeling optimistic about 2022 and beyond. What has changed their thinking about the future is the fact that the industry is continuing to recover from the pandemic, at least as it […]
While occupancy is trending in the right direction — and demand seems to be holding in the midst of the latest Covid-19 surge — senior living providers appear to be in for another tough year of working toward a recovery. Still, the finance and investment outlook for the sector continues to brighten. “I would say […]
Hudson Originates $37.75 Bridge Loans for Columbia Pacific Advisors Hudson Realty Capital completed its first health care deal on the heels of hiring senior living industry veteran Ashley Wilkens as director, deputy chief underwriter. The transaction involved two bridge loans aggregating $37.75 million secured by two senior living and memory care communities. One is The […]
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