Senior Housing Investments & Transactions: SNH, Prudential

Hospitality House Acquired for $3.6 Million Carlsbad, California-based Merrill Commercial Real Estate, Inc., a full-service real estate firm offering solutions in the senior housing space, recently closed the sale of Hospitality House senior community, with Menlo Management of Menlo Park, Calif., acquiring the property for $3.6 million, or $85,714 per unit, from an independent owner. Hospitality […]

Senior Living Gains Investor Appeal, But Best is Yet to Come

For many years, senior housing real estate was viewed as a niche investment that appealed more to experienced real estate professionals and those who understood well the health care operations involved in such an investment type. But of late, Health Care REIT (NYSE: HCN), Ventas (NYSE: VTR), HCP (NYSE: HCP) and large institutional investors have brought […]

Most Read: Winning the Senior Housing Development Game

In case you missed them… here are the top headlines grabbing Senior Housing News readers’ attention this week.  How to Play — And Win — the Senior Living Development Game—Development opportunities continue to attract both brand new senior living players as well as existing operators and owners. A panel of senior living executives at the […]

In the Pipeline: Senior Housing Construction Projects (10/31/13)

Construction: Planned Developers Propose St. Louis-Area $20 Million Assisted Living Project The Grove Assisted Living, LLC, and Long Road Acquisition, LLC, are proposing a $20 million assisted living and memory care project for the Sunset Hills area located just outside of St. Louis, Missouri, reports St. Louis Business Journal. The project, dubbed The Grove in […]

Senior Housing Investments & Acquisitions (10/29/13)

Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units.  In September 2012, Rittenhouse Senior Living […]

Execs Rank Interest Rates as Top Senior Housing Value Driver

A majority of senior housing executives believe interest rates will be the biggest driver for cap rates going forward, indicates a new survey conducted leading up to the 2013 National Investment Center (NIC) for the Seniors Housing & Care Industry conference, but investors are keeping an eye on new construction as well.  For 2014, executives […]

Prudential Eyeing “NFL Cities” For Future Senior Housing Investment

Prudential Real Estate Investors (PREI) continues to build its senior housing portfolio, setting its sights toward populous “NFL cities” as favorable operating conditions offer ripe investment opportunities. The real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU), PREI sees future investment activity fueled by favorable operating conditions, according to Steve Blazejewski, principal […]