Kayne Anderson Buys $38 Million Palm Beach Gardens Community An affiliate of Kayne Anderson Capital Advisors, an alternative investment firm that manages more than $23 billion in assets, purchased a newly completed senior housing community in Palm Beach Gardens, Florida, for $38 million, The Real Deal reported. The community, Discovery Village at Palm Beach Gardens, […]
Marcus & Millichap
Silverado Assumes Management of Welltower-Owned Community As part of Welltower Inc.’s (NYSE: HCN) $1.15 billion acquisition on the West Coast, Silverado assumed management and daily operations at The Berkshire-Vintage Senior Living Community on Sept. 16. The community has been renamed Silverado Berkeley. Over the next several months, the community will gradually shift from an assisted living […]
Wells Fargo Capital Finance Announces New National Health Care Sales Manager Wells Fargo Capital Finance, the asset-based lending division of Wells Fargo & Company (NYSE: WFC), announced the promotion of Kevin Harbour to national health care sales manager in the company’s health care finance group. Harbour will be responsible for leading a team of business […]
Lately, luxury seniors housing is all the rage—among developers, real estate investment trusts (REITs) and baby boomers alike, experts say. “It’s fair to say that luxury seniors housing is booming,” Mark Myers, an executive director at Institutional Property Advisors (IPA), tells Senior Housing News. IPA is a division of national brokerage firm Marcus & Millichap, which […]
The seniors housing and medical office building industries may have more in common than meets the eye. In fact, they may be more like close family than distant relatives, according to some experts. The sectors are undeniably growing closer, according to Gino Lollio, vice president investments at national brokerage firm Marcus & Millichap and senior director […]
CareTrust REIT Buys $34.4 Million Portfolio in California CareTrust REIT, Inc. (Nasdaq: CTRE) acquired two senior housing communities and two skilled nursing facilities (SNFs) in California’s Central Valley for approximately $34.4 million. The portfolio includes 79 assisted living units and 293 skilled nursing beds. It is currently leased to affiliates of California-based Covenant Care, LLC. […]
Offloading senior housing properties is a vastly different experience for different types of sellers. For instance, Class A properties, with their desirable locations, magnificent upkeep and strong demographics, can be an easy sell. But what’s the Class B, C or D senior housing owner to do? With different buyers searching for different things—and with no industrywide […]
Walker & Dunlop Closes Acquisition of $3.8 Billion Portfolio Walker & Dunlop, Inc. (NYSE: WD) completed the purchase of a $3.8 billion commercial mortgage servicing portfolio from a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY) for a final closing price of $44.6 million. The previously announced acquisition makes Walker & Dunlop, a major financing for […]
HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Advisors, a real estate private equity investor in off-campus student […]
NHI Exercises Purchase Option to Acquire Five Senior Living Communities Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) has exercised a purchase option to acquire five assisted living and memory care facilities owned and operated by Bickford Senior Living for the purchase price of $87.5 million. The facilities have a total of 277 […]
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