Senior Housing Finance Activity: Sunrise, Love Funding, Capital One, Centerline

Sunrise Refinances Assisted Living Section of Troubled Maryland Senior Complex Sunrise Senior Living (NYSE:SRZ) announced last Thursday that its Fox Hill assisted living venture has refinanced the existing mortgage financing on the assisted living section of the Bethesda, Md. Fox Hill senior living community. The new mortgage financing was provided by Eagle Bank, says Sunrise, […]

Five Star to Manage 10 SNH Properties After Sunrise’s Early Lease Termination

Senior Housing Properties Trust (NYSE:SNH) announced on Wednesday that it had entered into agreements for early terminations of leases for 10 senior living communities currently managed by Sunrise Senior Living (NYSE:SRZ). The senior housing REIT plans to lease the communities to its taxable REIT subsidiaries with Five Star Quality Care, Inc. (NYSE:FVE) as the new manager. […]

Sunrise on Owning Versus Managing & Developing Ancillary Services

Being a senior housing manager is the core of what Sunrise Senior Living (NYSE:SRZ) does, but the company is also opportunistic in terms of buying real estate in advantageous situations, said its CEO Mark Ordan during the company’s first quarter earnings call.  “We understand the capital markets, we understand the real estate market, so if […]

In the Pipeline: Senior Housing Construction Projects (5/9/2012)

Construction—Planned Healthcare Realty Brokerage Represents Sale of Missouri CON for $17 Million Senior Care Development Healthcare Realty Brokerage, a commercial real estate brokerage and advisory services firm specializing in senior housing, long-term care, and medical office properties, recently represented senior care developer Medical Holdings, Inc., based in Arkansas, in the sale of its affiliate entity, […]

Ventas Profits Skyrocket 85% in Q1 Boosted by Acquisitions

Ventas Inc. (NYSE:VTR) saw its net income balloon in the first quarter ended March 31, 2012 to $90.6 million, an 85% increase over the previous year’s $49 million, thanks to pumped up revenue from favorable acquisitions. “Ventas continues to reap the benefits from executing on our strategy of growing and diversifying our portfolio, increasing private […]

Sunrise Jumps Out of the Red in Q1, Occupancy Levels Linger

Sunrise Senior Living, Inc. (NYSE:SRZ) reported net income Wednesday of $2 million for the first quarter ended March 31, 2012, a marked improvement over last year’s net loss of $17.7 million, helped by positive income from operations. The senior living community owner and operator brought in total operating revenues of $335.7 million, up from $320.3 […]

Recent Senior Housing & Care Transactions: Ensign, Ventas, Sunrise

Ventas Completes Previously-Announced Cogdell Spencer Acquisition Ventas, Inc. (NYSE:VTR) announced on Monday, April 2 that it had completed its previously announced acquisition of Cogdell Spencer (NYSE:CSA). “With the closing of the accretive Cogdell acquisition, Ventas is now the largest owner of medical office buildings (“MOBs”) in the U.S. with over 21 million square feet of […]