Movers & Shakers — People and Positions for December, Part IV

Maryland CCRC Names Director of Philanthropy Patricia Santoni has been named director of philanthropy for Charlestown, a continuing care retirement community (CCRC) in Catonsville, Md., that has more than 2,000 residents.  She will be responsible for establishing, planning, directing, and coordinating all fundraising activities for Charlestown. Santoni will also provide leadership for the creation of strategic fund […]

NHI Completes $476 Million CCRC Deal

National Health Investors, Inc. (NYSE: NHI) announced it has closed the previously announced acquisition of eight senior housing communities in the South Atlantic region for $476 million.  All eight communities are leased to Senior Living Communities, LLC (SLC) and will continue to be managed by an SLC affiliate. The deal is part of a broader transaction […]

Most Read: What the Future Holds for Assisted Living

In case you missed them… here are the top headlines grabbing SHN readers’ attention this week:  Forbes: What Will Assisted Living Look Like in 2020? — The changing needs and demands of senior housing residents are transforming the way assisted living communities operate, with many catering to residents with higher acuity than traditionally seen in years […]

NHI to Acquire Eight Senior Living Communities for $476 Million

National Health Investors (NYSE: NHI) announced Monday it has entered into a definitive agreement to acquire a portfolio of eight senior living communities in the South Atlantic region for $476 million. Following the transaction, which is expected to close by December 31, 2014, NHI will lease the eight communities to Charlotte, North Carolina-based operator Senior […]

Health Care REITs: Large Portfolio Deals Still Out There

Senior living operators looking to take advantage of low interest rates and ample capital in the sector by selling certain properties or portfolios are creating opportunities for larger investors, particularly publicly-traded real estate investment trusts (REITs), which say those large portfolio deals are still out there, as scarce as they have become. During a few […]

Senior Housing Still Booming, But Wild Card Remains

Senior housing has proven to be a hot ticket for many types of investors, as they are looking to jump into the market while housing activity rebounds to pre-recession levels. To date, most say there is huge upside for investment given a recession-resilient property type and a consumer demographic that is expanding in droves each day. […]

Senior Housing REITs Bullish on Growth Despite Hot Competition

Competition in the senior housing and healthcare space has remained hot and heavy with few signs of letting up, but real estate investment trusts focused on the space still believe they’ll have plenty of opportunities for continued growth.   The senior housing M&A environment is “very competitive,” Justin Hutchens, CEO of Murfreesboro, Tenn-based National Health […]

Top Senior Housing Real Estate Owners By Unit Count

In addition to compiling the top senior living providers by unit count for 2014, the Assisted Living Federation also ranked the top property owners in the sector by number of units and properties nationwide.  Among the top owners, six of the top seven are real estate investment trusts, with the remaining owner being private equity […]

NHI Acquires Four Prestige Senior Living Properties for $42 Million

After raising $175 million through a senior notes offering earlier this month, National Health Investors Inc. (NYSE: NHI) announced it will acquire four Prestige Senior Living properties for $42 million.  Through a sale-leaseback transaction, NHI will purchase the four properties from Vancouver, Wash.-based Prestige comprising one assisted living community in Idaho and three skilled nursing […]

Senior Housing Finance Activity: Ziegler Closes $73M for New CCRC

Ziegler Closes $73 Million Financing for Ill. CCRC Development Ziegler recently closed issuance on $73,465,000 of Series 2014 tax-exempt, fixed-rate bond financing for the development of MRC The Crossings in League City, Texas, sponsored by Methodist Retirement Communities, a not-for-profit corporation. In December of 2012, MRC purchased approximately 19 acres and began funding the pre-development […]