While conditions for senior living mergers and acquisitions could thaw this year, many senior living providers could remain at the mercy of the capital markets in the near-term. As optimism abounds, lurking debt maturities in the industry could pose a challenge to future prosperity. That’s according to financial experts who participated in a National Investment […]
PGIM Real Estate has shifted its senior housing investment strategy to adopt a more “open-ended” fund model. That’s according to PGIM Managing Director Steve Blazejewski, who recently spoke to digital publication Wealth Management about the company’s shift in strategy. Of note is that the shift will change PGIM’s senior housing investment strategy from closed-end funds […]
Each passing year brings closer the huge demand wave for senior living. And as 2023 begins, providers are more focused than ever on the next generation of consumers — but also are struggling to find ways to evolve the product as needed. The struggle is due to economic turmoil and uncertainty, with tight labor markets, […]
Senior living operators and real estate investors — including industry giants such as Brookdale Senior Living (NYSE: BKD) — are increasingly prioritizing ESG projects with an understanding that the long-term benefits will make for healthier, more profitable companies. ESG stands for the environmental, social and governance portion of business planning and operations. With an increasing […]
PGIM Real Estate completed $35 billion in transactions in the U.S. in 2021, with senior living demand helping to drive that total. PGIM invested $1.6 billion in the senior living sector in 2021 as part of a larger global investment strategy that totaled a company record of $42.7 billion across several continents. The strategy of […]
Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early June was facilitated with loans from two large financial firms. Greystone placed and executed financing for the purchase of 16 of the communities in the portfolio. The package involved Freddie […]
PGIM Real Estate has been active in recent months providing capital to facilitate blockbuster senior housing acquisitions. Now the firm is looking to capitalize on demand for senior housing in the United Kingdom. The Madison, New Jersey-based real estate investor and lender announced this week it is entering into a joint venture with Signature Senior […]
The National Investment Center for Seniors Housing & Care (NIC) is strengthening its data analytics platform. The industry group this week announced the acquisition of VisionLTC, a data analytics platform based in Raleigh, North Carolina. The platform will be integrated into the group’s NIC MAP data service to create a new platform, NIC MAP Vision. […]
In the midst of the Covid-19 pandemic last year, Welltower (NYSE: WELL) sold its stake in all 10 Merrill Gardens communities in its senior housing operating portfolio. The Seattle-based owner-operator, and its partner, AEW Capital Management, purchased the portfolio for $700 million. The transaction was brokered by Newmark’s Healthcare & Alternative Real Estate Assets team, […]
Earlier this month, Aegis Living and its joint venture partner, Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. The deal was facilitated in part by a $222 million Fannie Mae credit facility arranged by PGIM Real Estate. The 10-year interest-only loan is […]
