Senior Housing Investments & Transactions: Réseau Sélection Expands, NHI Purchases in Oklahoma

Réseau Selection Expands Presence in Greater Montréal  Réseau Sélection has acquired three independent living communities in the Greater Montréal area, giving the company more than 40 residences in the region. Réseau acquired the three properties—Cherbourg I and Cherbourg II of the municipality Brossard and Le Graham in the Town of Mount Royal—from Prével Retraite and the Fonds immobilier de solidarité […]

NHI Puts Troubled Tenants on Notice, Posts Strong Earnings

National Health Investors (NYSE: NHI) put up strong numbers for the third quarter, but it has some troubled tenants to deal with in its senior living portfolio. Overall, the Murfreesboro, Tennessee-based real estate investment trust (REIT) posted earnings that beat analysts’ expectations for the third quarter of 2017. Revenue for the period was about $71.3 […]

Senior Living Capital Providers Ask Tough New Questions of Operators

When it comes to securing new capital, company culture and staff training may be more important than many senior housing providers realize. It’s always been critical to invest in high-quality senior living staff, industry leaders agreed during a Wednesday session at the National Investment Center for Seniors Housing & Care (NIC) 2017 Fall Conference in […]

NHI Doubles Down on Goal to Target Value-Add Properties

Murfreesboro, Tennessee-based real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) is capitalizing on its reputation as the “REIT of choice among many regional operators” by announcing that it has financed the acquisition of a 40-unit memory care community in Rye, New Hampshire, with new partner Evolve Senior Living.  The $10 million investment […]

Senior Housing Investments & Transactions: Chevalier, Columbia Pacific Advisors

CBRE Arranges $6.8 Million Sale of California Seniors Housing Community CBRE, a large commercial real estate and investment firm, brokered the sale of Williams Senior Apartments, a 28-unit age-restricted senior housing community in Brea, California. Restoration Enhancement acquired the property from a private seller for $6.8 million. Chevalier International Holdings, Ltd. Acquires Two Detroit-Area Senior Living […]

CEO Sound Bites from Ventas, NHI, Capital Senior Living

Senior housing CEOs have their share of challenges to navigate at the moment, from tight labor markets to oversupply to a rising interest rate environment. However, the outlook today—though uncertain—is not nearly as bleak as it has been in the past, according to some veteran chief executives. Forward planning right now demands caution but also […]

Senior Housing Investments & Transactions: Griffin-American Healthcare REIT IV

Griffin-American Acquires Five-Building Portfolio Near St. Louis American Healthcare Investors and Griffin Capital Company, the co-sponsors of Griffin-American Healthcare REIT IV, acquired the five-building SW Illinois Senior Housing Portfolio in the St. Louis metro area. The property was purchased from A&M Property Holding, an unaffiliated third party represented by Jeff Binder and Patrick Byrne of Senior Living Investment […]

Monday Jump-Start: Welltower’s Lawsuit, Amazon Echo ‘Silver’

Happy Monday! Here’s last week’s most-read news: HCP Inc. (NYSE: HCP) hired Scott Brinker as its new chief investment officer, and Welltower (NYSE: HCN) responded to the appointment with a lawsuit. Not-for-profit post-acute providers in Illinois have a plan to go up against Symphony Post Acute Care Network—and other for-profits— and win. Tana Gall, CEO […]

The LaSalle Group Eyes Future Growth Through New NHI Partnership

A recent partnership between development company The LaSalle Group and real estate investment trust National Health Investors (NYSE: NHI) will provide options for future senior housing growth that are “limitless,” LaSalle Group President John Barbee tells Senior Housing News. The partnership launched with an initial sale-leaseback transaction involving five of LaSalle’s Autumn Leaves communities for a […]

Holiday Abandons Its Signature Management Model

After 45 years, the nation’s largest independent living provider is abandoning the management model that has long set it apart. Lake Oswego, Oregon-based Holiday Retirement has for decades employed “live-in managers” in each of its independent living communities. Different from traditional executive directors, these employees actually lived in Holiday communities, and, consequently, were ready to address […]