Omega Communities Names New President and COO

A regional senior housing company that has made a name for itself in recent years by forging affinity relationships with churches has hired Christopher Rio as its new president and COO. Omega Communities is a for-profit, faith-based developer of senior housing headquartered in Birmingham, Alabama. Omega has opened four assisted living and memory care communities in Florida […]

In the Pipeline: Senior Housing Construction Projects (8/11/16)

(Rendering of The Harry and Jeanette Weinberg Campus, located in Bridgeport, Conn. — Photo courtesy of  Perkins Eastman) Construction: Planned Omega Communities Plans New Senior Living Community A partnership between Greenbrier Development, Omega Communities and Eagle’s Landing First Baptist Church has sparked plans for a new senior living community in south Atlanta, Lake Vista. The community will […]

Senior Housing Finance Activity: Welltower’s $3.7 Billion Credit Facility

Welltower Announces Closing of Expanded $3.7 Billion Unsecured Credit Facility Toledo, Ohio-based real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) announced it has closed an approximate $3.7 billion unsecured credit facility, consisting of a $500 million term loan, a $3 billion revolving line of credit and a CAD 250 million term loan ($193.5 million at exchange […]

In the Pipeline: Senior Housing Construction Projects (4/14/16)

(The Blake at Carnes Crossroads, an assisted living and memory care community in Charleston, S.C. under development by Cardinal Ventures) Construction: Planned Senior Housing Partners, Zenith Capital Plan $12.3 Million Calif. Project Lake Oswego, Ore.-based Senior Housing Partners LLC and Seattle-based Zenith Capital recently announced they are planning to build a new memory care community […]

In the Pipeline: Senior Housing Construction Projects (2/11/16)

(The Healthcare Resort of Plano developed by Mainstreet and operated by The Ensign Group in Plano, Texas — Photo courtesy of Mainstreet) Construction: Planned Omega Communities Plans $45 Million Community for Ga. Birmingham, Ala.-based Omega Communities plans to begin construction later this year on a new $45 million continuing care retirement community (CCRC) in Stockbridge, […]

In the Pipeline: Senior Housing Construction Projects (12/17/15)

(Oasis at Scholar’s Landing, an affordable assisted living community in Atlanta – Photo provided courtesy of McShane Construction Company) Construction: Planned Motion Picture & Television Fund to Build $35 Million Kirk Douglas Care Pavilion In celebration of actor Kirk Douglas’ 99th birthday, the Motion Picture & Television Fund (MPTF) announced plans to build a $35 million […]

Popular Senior Housing Investment Program Faces Uncertain Future

A popular financing program is under fire as a Congressional deadline looms. Lawmakers could extend the EB-5 investment and visa program or enact changes that could make it more difficult for U.S. developers to fund projects, including in senior housing. The EB-5 Regional Center Program allows foreign citizens to qualify for a U.S. residency visa […]

In the Pipeline: Senior Housing Construction Projects (8/6/15)

Construction: Planned Omega, Maplewood Senior Living to Co-Develop $246 Million NYC Community This week, Hunt Valley, Md.-based real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) and Westport, Conn.-based operator Maplewood Senior Living announced they will co-develop a $246 million luxury senior living community on Manhattan’s Upper East Side.  The luxury senior living residence […]