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. Submissions are currently open. Construction: Planned Trammell Crow Plans Mixed-Use Senior Living Development Near D.C. Real estate developer and investor Trammel Crow Company has announced plans […]
ORIX USA
Three big names in senior housing finance — Hunt Real Estate Capital, Lancaster Pollard and RED Capital Group — now are unified under a single brand name, Lument. The three firms were acquired individually by ORIX USA, a division of international financial services group ORIX Corporation. ORIX took full ownership of RED in 2016; acquired […]
ORIX USA acquires Hunt Real Estate Capital ORIX Corporation USA completed its acquisition of Hunt Real Estate Capital, creating a commercial real estate finance platform with annual loan production in excess of $9 billion and a servicing portfolio of more than $40 billion. ORIX will combine Hunt into its existing brands, Lancaster Pollard and RED […]
In another sign of the rising popularity in collateralized loan obligations (CLO), Dallas-based financial services firm ORIX USA announced it closed on a $350 million CLO fund, with a sizable portion of the loans collateralized by senior housing. CLOs are pools of below investment-grade loans sold in pieces to investors. When loans are paid off, […]
Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]
The U.S. Department of Housing and Urban Development’s (HUD) Lean financing program for senior housing is back in a strong way. The program, which insures senior housing mortgages and other types of lending, closed a loan volume of $3.4 billion during the fiscal year that ended Sept. 30, 2017, according to HUD data cited by Columbus, Ohio-based Lancaster Pollard. That’s a roughly 20% […]
Lancaster Pollard, which is routinely ranked as the top FHA/HUD senior living lender, has been acquired by ORIX USA, a division of international financial services group ORIX Corporation. ORIX already owns another major senior housing lender, RED Capital. Going forward, senior housing services will be consolidated under the Lancaster Pollard brand. Columbus, Ohio-based Lancaster Pollard […]
RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]
Sienna Senior Living Closes $255 Million Senior Housing Portfolio Acquisition Ontario-based Sienna Senior Living (TSX: SIA) has completed a previously announced acquisition of eight seniors housing residences in British Columbia for the purchase price of $255 million. The deal includes two private-pay independent living communities and six residences with both private pay and funded long […]
A major senior housing lender says it’s poised for growth following a fresh investment from its parent company. RED Capital Group, LLC is now wholly owned by Dallas-based ORIX USA Corporation, whose ownership of RED officially grew from 88% to 100% on Feb. 22. ORIX, which offers investment capital and asset management services to clients in […]