In case you missed it, here are the top five stories grabbing Senior Housing News readers this week. (We’ll be back on Tuesday after the Columbus Day holiday.) 1. Mainstreet moves forward with hotel-concept rehab model—The company is banking on baby boomers to revolt against existing nursing home options for short-term skilled nursing or rehabilitation stays, […]
Mainstreet
Mainstreet is counting on baby boomers to revolt against existing nursing home options for short-term skilled nursing or rehabilitation stays, and bolstered by a recent survey’s results, it continues to develop a high-end, hotel-inspired product. Since 2002, the investment company has built, acquired, or is in the process of developing nearly 50 hospitality-infused, high-end assisted […]
Construction: Planned South Carolina Developers Plan $44 Million Senior Living Center Plans to build a $44 million senior living center in South Carolina are on track to begin construction in February or March 2014, reports Herald Online. The 52-acre mixed-use senior living campus in York, S.C., is currently finishing a second market study, according to […]
Mainstreet Property Group has sold a newly constructed 100-unit senior living community based in Hamilton County, Indiana to HealthLease Properties Real Estate Trust (TMX:HLP.UN) for $17.86 million. The fully occupied facility is leased on a triple-net basis to Life Care Services. The community, Wellbrooke of Westfield, includes 70 skilled nursing and rehabilitation units and 30 assisted […]
As high-quality portfolio investment opportunities for senior housing-focused real estate investment trusts (REITs) dwindle, the large-cap U.S. REITs are expected to chase growth opportunities abroad. “I would not be surprised at all to see more growth coming outside of the U.S.,” says Jeff Theiler, a research analyst with Green Street Advisors. “As the pool of large, […]
Senior living professionals have been moving on up the ladder, with several promotions in this edition of Movers & Shakers along along with new appointments and hires. Are you looking to shake up your own career? Look for senior housing jobs nationwide on SHN’s job board. Employers: Take advantage of our job board to look for some of […]
Senior housing developers may still encounter difficulty obtaining financing for ground-up projects despite reports of the increasing availability of capital, and future growth plans play a crucial role in what kind of capital they pursue. Just because real estate investment trusts (REITs) enjoy a low cost of capital doesn’t mean they’re the best source of […]
The availability of real estate investment trust (REIT) financing for new senior housing projects is highly dependent on not just the REIT’s relationship—future or existing—with the developer, but also both parties’ goals and objectives, builders and capital sources say. Most healthcare REITs have some level of involvement in senior housing construction financing, but it’s rare to see […]
After snapping up several large ‘Class A’ senior living portfolios between 2011 and the present, real estate investment trusts (REITs), hungry to keep their margins healthy, are casting wider nets that may include off-market deals, other asset types, and new development. “The biggest challenge the REITs are currently facing is a shortage of quality properties […]
Construction: Planned Trilogy Health Services, Silvercrest Plan $20 Million Indiana Project Trilogy Health Services LLC is partnering with real estate developer Matt Chalfant, dba Silvercrest LLC, in a previously announced project to convert the former Silvercrest Children’s Development Center into a senior living complex. The project, located in New Albany, Indiana, would reportedly cost about […]
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