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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
If the first three months are any indication, 2017 will be a busy year for senior housing deals. In terms of deal flow, this year has started off with a “bang” and has been as competitive as a game of musical chairs, National Health Investors, Inc. (NYSE: NHI) President and CEO Eric Mendelsohn said during the company’s fourth-quarter 2016 […]
The new year may have begun on Jan. 1, but in some ways it feels like it only started on Friday, with the inauguration of President Donald Trump. Now, months of speculation will give way to a period of actual activity, and consequences. Not every senior housing trend will be driven by Trump, but the […]
