Seizing opportunities ahead of future demographic shifts, Cascadia Healthcare is launching a senior living platform following property acquisitions from the Evangelical Lutheran Good Samaritan Society. Eagle, Idaho-based Cascadia acquired 10 properties from Good Samaritan, which recently announced it is consolidating its operations by going from 22 states to just seven. Three of the newly acquired […]
The Evangelical Lutheran Good Samaritan Society
Sanford Health, the parent organization behind senior living operator Evangelical Lutheran Good Samaritan Society; and Fairview Health which has Ebenezer under its umbrella, are seeking to join forces. The two organizations have signed a non-binding letter of intent to join forces and create a new health system in the process. The nonprofits plan to remain […]
The impact of Covid-19 on nonprofit senior living continues to reverberate, and is forcing leaders in the space to reconsider approaches to foundational pillars such as staffing models and hospitality-forward care. Covid-19 highlighted the heroism of senior living workers but an ongoing labor crisis means that providers should be thinking big about future changes. In […]
After affiliating with Sanford Health in 2019, the Evangelical Good Samaritan Society entered 2020 on stable footing and with access to ample financial resources as part of a larger health system. This improved financial position and the flexibility it brings is being put to the test during the Sioux Falls, North Dakota-based nonprofit provider response […]
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 […]
HFF Announces Construction Financing for Denver Community Holliday Fenoglio Fowler, L.P. (HFF) has announced new construction financing for Solera at Cherry Creek, a planned senior housing project in Denver, Colorado. HFF’s team members worked to arrange the construction loan through a national bank on behalf of the developer, a joint venture between affiliates of Banner […]
The largest senior housing providers in the nonprofit sector for 2016 have been selected, with the information in a yearly report from industry association LeadingAge and investment bank Ziegler. In this year’s 13th annual LeadingAge Ziegler 150 (LZ 150), more than three-quarters of the providers on the list are faith-based, and nearly half provide affordable […]
Welltower Completes $700 Million Senior Unsecured Note Offering Toledo, Ohio-based Welltower Inc. (NYSE: HCN) has successfully completed its offering of $700 million in aggregate principal amount of 4.25% senior unsecured notes due April 1, 2026. The notes were priced at 99.227% of their face amount to yield 4.345%. “This transaction demonstrates Welltower’s disciplined approach to […]
It’s no secret that senior living has historically been behind the curve when it comes to building an online presence. But in recent years, providers have made strides in meeting today’s and tomorrow’s consumers where they are: on social media. Of American Seniors Housing Association’s (ASHA) top 25 providers, 96% are on Facebook and 72% are […]
Ventas tops ASHA’s annual list of largest U.S. senior housing owners for the third year in a row, followed by Health Care REIT, which edged above #3 Brookdale Senior Living for the second spot in 2013. The American Seniors Housing Association’s Top 50 list was released by the National Real Estate Investor with data compiled […]
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