Transactions & Financings: Financing Secured for Atria’s Next Coterie Project; Northmarq Closes AL, IL Sale

Financings Related Companies, Atria Expand Luxury Coterie Pipeline Related California, part of Related Companies, announced $690 million in construction financing for a luxury residential development in Santa Clara, California that will include a senior living community. Otera Capital provided a $360 million construction loan for 509 luxury residences and PNC Bank provided a $130 million […]

Transactions & Financings: Ziegler Closes Nearly $200M for New Community; Kisco Adds Community in California

Financings Ziegler Closes on $197M for Construction, Development Ziegler announced the successful closing of $197.7 million in Series 2022 Bonds that will be used for acquiring, developing and building a Texas-based senior living community for Forefront Living. Formerly known as Forefront Living Plano, the Outlook at Windhaven Forefront Living is a planned senior living community […]

Transactions & Financings: Lloyd Jones Adds to Aviva Brand; SLIB Facilitates Flurry of Deals

Acquisitions Lloyd Jones Acquires Historic Connecticut Community Lloyd Jones announced it has acquired Hamilton Heights, marking the company’s fourth senior housing purchase since February. The community will operate under Lloyd Jones’ Aviva brand under the banner of AVIVA West Hartford Hamilton Heights — a 113-unit senior living community in West Hartford Connecticut — was formerly […]

Transactions & Financings: CBRE Arranges $40M for MorningStar JV; Trustwell Acquires 3 More Communities

Transactions Integral Senior Living Assumes Management of Four Communities Integral Senior Living announced it has assumed management of four assisted living and memory care communities owned by MedCore Partners in the Mountain West. The move further expands the working relationship between Dallas-based real estate firm MedCore and Carlsbad, California-based Integral Senior Living. The communities, three […]

In The Pipeline: MorningStar Expands in Nevada; Sparrow Partners, Welltower Make Progress on Active Adult Project in Texas

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Morningstar Senior Living Partners with Confluent Senior Living for Las Vegas Project MorningStar at The Canyons represents the project partners’ continued geographic expansion and […]

Transactions & Financings: Welltower Closes $750M Note Offering; Boston Financial’s $173M LIHTC Fund

Welltower (NYSE: WELL) is improving its liquidity debt maturities situations. The Toledo, Ohio-based health care real estate investment trust closed a $750 million offering of 2.8% senior unsecured notes, due in June 2031. Welltower will use the net proceeds to redeem $340 million of outstanding 3.75% senior notes due March 2023, and $335 million of […]

Transactions & Financings: PGIM’s $222M Financing for Aegis; Healthpeak Prices $1.45B in Notes

Earlier this month, Aegis Living and its joint venture partner, Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. The deal was facilitated in part by a $222 million Fannie Mae credit facility arranged by PGIM Real Estate. The 10-year interest-only loan is […]

Transactions & Financings: Asbury Communities’ $96M Bond Refinancing; LTC’s AL Acquisitions

HJ Sims closes $96M financing package for Asbury Communities HJ Sims closed on a $96.12 million bond refinancing for Asbury Communities’ senior housing communities in Pennsylvania: Bethany Village in Mechanicsburg; and Springhill in Erie. Sims assisted Asbury the communities’ outstanding Series 2010 Bonds on their first optional redemption date of January 1. Sims successfully priced […]

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). […]