Transactions & Financings: Brookdale’s $1B Mixed Shelf Filing; Fitch Revises Outlooks on 3 CCRCs

Fitch Ratings revises outlooks on 3 CCRCs Fitch ratings announced ratings outlooks updates on the following continuing care retirement communities: The ratings agency placed the series 2016 senior living revenue bonds issued by the Industrial Development Authority of the City of Glendale, Arizona on behalf of Royal Oaks Life Care Community, operating as Royal Oaks, […]

Senior Housing Investments & Transactions: Five Star Transfers to Nasdaq

ABHOW, Complete Merger American Baptist Homes of the West (ABHOW) and have completed their merger and will now be part of holding company Cornerstone Affiliates. The previously announced deal was approved by regulators early last month. The merged companies form California’s largest nonprofit senior living provider and the nation’s sixth-largest such organization. The […]

Senior Housing Investments & Transactions: HFF, NHI

HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Advisors, a real estate private equity investor in off-campus student […]

Most Read: 10 Most Expensive Places for Assisted Living

In case you missed them … here are the top headlines that grabbed Senior Housing News readers’ attention this week. 10 Most Expensive Places for Assisted Living: DC Tops Again— Assisted living care is most expensive in the nation’s capital and in the Northeast, according to a newly released study. The findings from LTCG are […]

Operator Finds Sweet Spot for High-End LGBT Senior Housing Launch

While the senior housing industry has given way to a plethora of niche communities that cater to various facets of life, a particular lifestyle model is rising to the top with style—one that has a California senior housing operator eyeing significant opportunity following its launch of a high-end community serving lesbian, gay, bisexual and transgender […]

In the Pipeline: Senior Housing Construction Projects (1/5/14)

Construction: Planned Omega Communities Buys Fla. Site for New $25 Million Community Birmingham, Ala.-based developer Omega Communities this month acquired a nine-acre site in Fort Myers, Fla., which will be the location of the company’s third project in southwest Florida this year. Unlike Omega’s other projects, the Fort Myers development will be the company’s first […]

In the Pipeline: Senior Housing Construction Projects (8/7/14)

Construction: Planned Developer to Build $17MM, 124-Unit Affordable Senior Housing in Texas Miller-Valentine Group, a Dayton, Ohio-based real estate developer, plans to build a $17.7 million, 124-unit affordable senior housing community in Fort Worth, Texas, reports Fort Worth Business Press. The Reserve at McAlister community will sit on 7.5 acres and will include 22 rental […]

In the Pipeline: Senior Housing Construction Projects (7/17/14)

Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income people age 62 and older. Construction on the Westminster Place […]

Calif. Assisted Living Community Targets Growing Wave of LGBT Seniors

Growing national support for lesbian, gay, bisexual and transgender rights has sparked an increase in development plans for LGBT-friendly senior housing properties in cities nationwide, the most recent of which will open mid-summer in Palm Springs, Calif. Stonewall Gardens, a new 24-unit assisted living community managed by Northstar Senior Living, will offer resort-style accommodations and […]