Transactions & Financings: Welltower, Healthpeak Reportedly Sell South Florida Communities at Steep Discounts

Welltower sells Florida assisted living facility for $56M Welltower (NYSE: WELL) sold Aston Gardens Assisted Living in Parkland, Florida for $55.7 million, The Real Deal Miami reports. The buyer was Kayne Anderson Capital Advisors. the property is operated by Discovery Senior Living. The property sold for $78 million in 2015. The latest sale marks a […]

Transactions & Financings: Ziegler Closes $76M Financing, Cadence Living Acquires 3 Communities

Ziegler Closes $76M Series 2018 Financing Ziegler closed a $75,555,000 Series 2018 financing package on behalf of Broadmead, a nonprofit Maryland corporation. The Series 2018 tax-exempt bonds were issued through the Maryland Health and Higher Educational Facilities Authority. The Series 2018 Bonds are rated “BBB+” with a stable outlook from Fitch. Broadmead is situated on 94 […]

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

Construction: Planned Pacifica Senior Living to Convert Florida Hotel into Assisted Living Pacifica Senior Living will soon convert a Comfort Suites hotel in St. Augustine, Florida into a 125-unit assisted living community, reports The St. Augustine Record. Pacifica was granted a preliminary approval for the project back in December from the St. Johns County Growth Management […]

In the Pipeline: Senior Housing Construction Projects (10/3/12)

Construction: Planned Harmony Senior Living to Break Ground on $24 Million Project in Calif. Harmony Senior Living will soon break ground on a $24 million assisted living and memory care building in Tulare, Calif. that will have accommodations for 91 residents, reports the Visalia Times Delta.  Phase two of the construction project will include an […]