NKF’s Lavender: April Saw $300M-Plus in Senior Housing Deals, Capital Markets Firming Up

Senior housing capital markets are settling down, with many lenders returning to the space, weeks after the coronavirus pandemic sent them scurrying to the sidelines. Meanwhile, equity investors are sitting on billions and are viewing senior housing favorably. Deals are still being completed, albeit with a bit more due diligence and less leverage than before […]

Transactions & Financings: Covid-19 Market Instability Halts About $325M in Acquisitions

Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]

Transactions & Financings: $277M Brookdale-Healthpeak CCRC Deal Complete; Genacross Lutheran-Benedictine Affiliation

Genacross Lutheran Services, Benedictine affiliation planned Toledo, Ohio-based Genacross Lutheran Services signed a letter of intent to join Benedictine Health System, a Duluth, Minnesota-based senior care provider. The 160-year-old Genacross provides post-acute care, senior housing, and family and youth services across northwest Ohio and southeast Michigan. Benedictine provides services across a continuum of care including […]

Ventas Looking to Sell 8-Property Atria Portfolio Valued at $400M

Ventas (NYSE: VTR) is pitching for sale a portfolio of eight Atria Senior Living communities in six states, at a value of about $400 million. That’s according to real estate publication Real Estate Alert, which cited recent marketing materials in its reporting. Ventas confirmed to Senior Housing News that the communities are being marketed for […]

Transactions & Financings: Five Star Restructuring Complete; HJ Sims Arranges $219M Construction Financing

Cindat, Omega partner on $232M UK portfolio deal Chinese investment firm Cindat Capital Management entered into a joint venture with health care real estate investment trust, Omega Healthcare Investors (NYSE: OHI), on a 49% stake in a 67-property senior housing portfolio in the United Kingdom from Irvine, California-based health care REIT, Healthpeak Properties (NYSE: PEAK). […]

Movers & Shakers: MedCore Expands Senior Living Team; New Senior Living Communities Hires

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

NorthPoint Sells 12-Property Stonecrest Portfolio to CA Senior Living

Kansas City, Missouri-based NorthPoint Development has exited senior living by selling a 12-property portfolio to Chicago-based CA Senior Living. Previously under the Stonecrest brand, the communities will be operated by Anthology Senior Living going forward. Anthology is the operating arm of CA Senior Living, which is part of Chicago-based development and investment firm CA Ventures. […]

HFF Senior Housing Team Moves to Newmark Knight Frank

Global commercial real estate advisory firm Newmark Knight Frank (NKF) is looking to strengthen its health care and senior housing platform in 2019. The company, headquartered in New York City, took a bold step in that direction, announcing the hirings of Ryan Maconachy, Chad Lavender, Dave Fasano, Ross Sanders and Sarah Anderson, who most recently […]