Transactions & Financings: Ventas’ $490M Colony Capital Refinancing; BPM Senior Living Portfolio Sold

Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]

Ensign Bets Pennant Spinoff Unlocks Senior Housing Potential

The Ensign Group’s (Nasdaq: ENSG) newly announced spinoff of its senior living, home health and hospice properties will provide a more focused foundation of support for its 51-property senior housing portfolio, unlock untapped earnings potential and identify new acquisition opportunities, the Mission Viejo, California-based company said during its Q1 2019 earnings call Tuesday. Ensign reported […]

Ensign to Spin Off Senior Living, Home Health, Hospice Into New Company

The Ensign Group, Inc. (Nasdaq: ENSG) is separating its home health, hospice and nearly all of its senior living businesses into a separate publicly-traded company called The Pennant Group. After the spinoff is finalized, it’s expected that Pennant — which is itself currently a wholly owned subsidiary of Mission Viejo, California-based Ensign — will consist […]

Transactions and Financings: Acts Completes Integrace Affiliation; Avamere’s New Acquisition

Acts, Integrace complete affiliation Acts Retirement-Life Communities completed its affiliation with Integrace and its family of communities throughout Maryland this week. The affiliation brings together two nationally recognized names in the senior living industry under shared leadership and governance. The affiliation was first announced in January.The affiliation gives West Point, Pennsylvania-based Acts entry into the […]

Ensign Group Names New CEO, Other Leadership Changes

The Ensign Group (Nasdaq: ENSG) is shaking up its executive team — including naming a new CEO —  two weeks after the Mission Viejo, California-based company reported record earnings. Ensign is making the following appointments, effective after the company’s annual shareholder meeting on May 30: Christopher Christensen will step down from his current position as […]

Senior Living Helps Drive Record Earnings for Ensign Group

The Ensign Group (Nasdaq: ENSG) reported its highest-ever adjusted earnings per share for the fourth quarter of 2018 on strong skilled nursing segment growth — but the results were also boosted by promising signs in the company’s expanding senior living portfolio. The Mission Viejo, California-based company reported earnings per share of 48 cents for the […]

Transactions & Financings: Ziegler Closes $76M Financing, Cadence Living Acquires 3 Communities

Ziegler Closes $76M Series 2018 Financing Ziegler closed a $75,555,000 Series 2018 financing package on behalf of Broadmead, a nonprofit Maryland corporation. The Series 2018 tax-exempt bonds were issued through the Maryland Health and Higher Educational Facilities Authority. The Series 2018 Bonds are rated “BBB+” with a stable outlook from Fitch. Broadmead is situated on 94 […]

Transactions & Financings: New Senior’s $720M Refinancing, American House Enters Ohio

New Senior Closes $720 Million Refinancing New Senior Investment Group completed the refinancing of a $720 million secured loan from with Freddie Mac arranged through KeyBank Real Estate Capital. The loan has a seven-year term and bears interest at LIBOR plus 232 basis points, an improvement of approximately 170 basis points, or $12 million annually, versus […]

Transactions & Financings: $1 Billion REIT IPO, LTC Sells Portfolio to NHI

Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]

Transactions & Financings: Ensign Buys Two Communities in Texas

The Ensign Group Acquires Two Texas Assisted Living Facilities The Ensign Group, Inc., parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has announced that its assisted and independent living portfolio company acquired the real estate and operations of two 37-unit AL facilities […]