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 […]
Prudential Real Estate Investors
Holiday Retirement Assumes Management of N.Y. Senior Community Holiday Retirement announced in late July it has assumed management for The Manor at Woodside, an independent living community in Poughkeepsie, N.Y., following a recent acquisition from Woodside Associates. The Manor at Woodside is a 111-unit retirement community featuring a live-in management team available 24 hours a […]
Prudential Real Estate Investors Buys Senior Housing Community Prudential Real Estate Investors recently purchased a senior housing community in Alpharetta, Ga. in a transaction brokered by ARA Seniors Housing Group. Arbor Terrace at Crabapple is a 93-unit “Class A” assisted living and memory care community sold by AEW Capital Management on behalf of one of […]
The senior housing industry is coming down off a high following 2011’s $27.3 billion worth of transactions, and there’s debate as to whether the high-octane real estate investment trusts are taking time out to digest their new purchases or are already gearing up for the next acquisition binge. With transactions only totaling about $3.2 billion […]
Senior housing developers have been ready to go for months—even years, for some—and while there’s no immediate danger of overdevelopment, cautious lenders may function as a safeguard against repeating a boom-and-bust cycle. The annual senior housing inventory growth rate is beginning to gain traction, but was still minimal in the second quarter of 2012 at […]
The senior housing industry considers 2011 as the Year of the REIT, but despite this year’s sharp decline in acquisition activity, it could just be a digestion period functioning as a calm before the next storm, said executives from several healthcare real estate investment trusts during NIC’s National Conference. It’s possible many big players are […]
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