Shared Amenities Drive Integration of Senior Living, Larger Community

Development trends such as intergenerational living, senior housing as a mixed-use component and the demand for senior housing in dense urban cores are gaining in popularity. As a result, developers and operators are working with architects and designers to create exciting amenity packages that can be enjoyed by both senior housing residents and the outside […]

Omega Enters 2019 With $600 Million MedEquities Acquisition

After a year spent streamlining its portfolio and operations, Omega Healthcare Investors (NYSE: OHI) rang in 2019 by adding nearly three dozen new assets, including some senior housing. The real estate investment trust (REIT) did so by acquiring Nashville, Tennessee-based MedEquities Realty Trust (NYSE: MRT) in a $600 million cash-and-stock transaction. Once a pure skilled […]

Maplewood Develops New Flagship Property, Plans West Coast Expansion

As Maplewood Senior Living prepares to open the sales center for its Inspir-branded Manhattan high-rise project, the company is also constructing a new flagship community in Connecticut. In addition, it is planning to open a corporate office on the West Coast to support its first communities in that part of the country and drive further […]

Brookdale, REITs Talk Senior Housing Lease Strategies

In senior housing, the relationship between owner and operator is essential to unlocking a property’s revenue potential, flexibility throughout the terms of a lease and access to capital from lenders. Unlocking the opportunities within lease structures was the dominant theme during Day 2 of the National Investment Center for Seniors Housing & Care (NIC) fall […]

Senior Living Design Still Falls Short of Giving People What They Want

Senior housing will likely undergo a sea change in the coming years—including a greater responsiveness to what residents want and need. That’s according to Thomas Levi, president of design firm Levi Wong Design Associates (LWDA); and Steve Levin, senior vice president of real estate at Omega Healthcare Investors, Inc. (NYSE: OHI). Levi and Levin are experts in their […]

Watermark, KAREA to Create Senior Housing Highrise in Brooklyn

Private equity investor Kayne Anderson Real Estate Advisors (KAREA) is partnering with Watermark Retirement Communities to bring more upscale senior housing to New York City. KAREA has acquired a historic 16-story building (pictured above) in Brooklyn Heights formerly owned by the Jehovah’s Witnesses, which it will redevelop into private-pay senior living and place under the […]

Omega Supports Maplewood Growth, Questions $5 Billion Pipeline

Omega Healthcare Investors, Inc. (NYSE: OHI) expressed faith in one of its senior living partners during its latest earnings call—but also expressed some apparent reservations with respect to that company’s growth plans. Omega has conveyed interest in backing Maplewood Senior Living’s large growth plans over the next several years. However, executives of the Hunt Vally, […]

Senior Housing Finance Activity: Greystone, Omega Healthcare Investors

CBRE Arranges Financing for Senior Living Community in California CBRE National Senior Housing Vice Chairman Aron Will recently arranged financing on behalf of an institutional sponsor for Peninsula Del Rey, a 207-unit, independent living, assisted living and age-restricted community in Daly City, California. CBRE helped secure a sizable, four-year floating rate loan from a regional […]

UPDATED: Welltower to Overhaul Portfolio with $4.1 Billion in Sales by 2017

Welltower Inc. (NYSE: HCN) is undertaking a major repositioning of its portfolio, increasing its disposition target for the full year to $4.1 billion. Previously, Welltower’s guidance for the year targeted $1.3 billion in dispositions. As of Sept. 30, 2016, the company had closed on $832 million in total dispositions. As part of this newly announced portfolio repositioning […]

Omega Acquires 31-Property SNF Portfolio for $337 Million

Major skilled nursing real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) saw a positive third quarter, with a handful of acquisitions—the largest being a $337 million deal, which included 31 skilled nursing facilities. The Hunt Valley, Maryland-based REIT completed $428 million in new investments during the third quarter, with a large portion coming from […]