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). […]

Former Omega Healthcare Execs Form New Private Company, Hana 2.0

A group of long-term care veterans led by former AVIV REIT chairman Craig Bernfield are launching a new private company to acquire, develop and enter into triple-net leases on health care real estate for seniors. Hana2.0 Property Group will initially focus equally on assisted living and skilled nursing assets, co-President Jeff Marshall told Senior Housing […]

Related Cos., Eliot Spitzer Propose Senior Living for Highrise Near Hudson Yards

Senior living could be coming to a mixed-use highrise to be built just north of Hudson Yards, the Related Companies’ mega-development on the west side of Manhattan. A planned 44-story tower at 451 10th Avenue would potentially include 126 long-term care facility dwelling units, The Real Deal reported Wednesday, citing plans pre-filed last week with […]

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 […]