52% of Senior Housing Leaders Say Operating Expenses Will Be Permanently Higher

A majority of senior living professionals believe that the Covid-19 pandemic will result in permanently higher operating expenses. That’s according to the 2020 Seniors Housing Investor Sentiment Survey from National Real Estate Investor and the National Center for Seniors Housing & Care (NIC). This year’s survey garnered responses from 167 participants from a range of […]

PGIM Senior Housing Fund Raises Nearly $1 Billion

PGIM Real Estate exceeded the fundraising target for its latest senior housing fund, securing almost $1 billion. The Madison, New Jersey-based real estate investment announced on Monday it closed its capital raise for its Senior Housing Partners Fund VI with $996 million in commitments. This is the largest raise to date in the fund series […]

Bridgewood Property Quietly Builds Regional Scale in Senior Living

Bridgewood Property Company has quietly become a regional force in senior living with a “steady as she goes” approach to development and operations. The Houston-based company has developed 34 communities since its founding, founder and president Jim Gray told Senior Housing News. Its current portfolio of 22 properties in Texas, Oklahoma and Arkansas, totaling 2,600 […]

PGIM Halfway to $750 Million Target with Newest Senior Housing Fund

PGIM Real Estate is raising funds for its latest senior housing at a rapid pace. The Parsippany, New Jersey-based real estate investment firm is more than halfway toward its $750 million fundraising target, with significant contributions from pension funds paving the way. The Pennsylvania State Employees Retirement System (SERS) approved a $100 million commitment to […]

Transactions and Financings: CIP Capital Invests in GlynnDevins

CIP Capital Invests In GlynnDevins CIP Capital invested in Kansas City, Missouri-based GlynnDevins, a provider of tech-enabled and data-driven marketing solutions to senior living communities. No financial terms were disclosed. Petsky Prunier advised GlynnDevins on the transaction. GlynnDevins was backed by Falfurrias Capital. CIP Capital plans to significantly enhance GlynnDevins’ ability to collect, synthesize, and utilize data across […]

Senior Housing Investments & Transactions: Griffin-American Healthcare REIT IV

Griffin-American Acquires Five-Building Portfolio Near St. Louis American Healthcare Investors and Griffin Capital Company, the co-sponsors of Griffin-American Healthcare REIT IV, acquired the five-building SW Illinois Senior Housing Portfolio in the St. Louis metro area. The property was purchased from A&M Property Holding, an unaffiliated third party represented by Jeff Binder and Patrick Byrne of Senior Living Investment […]

Senior Housing Investments & Transactions: Mainstreet Acquires $44.3 Million Memory Care Portfolio

Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]