After a period of strain, the senior housing industry is poised for a coming evolution and growth with strong tailwinds. That’s according to the latest Senior Housing Outlook Report from commercial real estate and financial advisory firm Walker & Dunlop. Capital markets challenges in 2024, particularly high interest rates, and wage growth have contributed to […]
Walker & Dunlop
The active adult boom is underway – and what occurs in the coming months and years will help shape the product type’s next chapter. A third of all current active adult inventory has opened in the last four years, with the largest markets including Dallas, Texas, Los Angeles, and New York City. Succeeding in active […]
The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points, setting the stage for an uptick in senior living lending and dealmaking. With the Fed’s announcement Wednesday, the U.S. central bank lowered the target range for federal funds to 4.75% to 5%. The Fed had previously held off on enacting rate cuts […]
This story is part of your SHN+ subscription Last year, operators and properties, particularly in rural and tertiary markets, faced “death spirals” of stagnant occupancy and rising expenses. In 2024, conditions behind that trend have not abated, and some of those properties are now being snatched up by well-capitalized players. In the meantime, there has […]
Transactions FellowshipLife acquires fifth community FellowshipLife, a New Jersey-based nonprofit, announced it has added Applewood Village into its network of communities, expanding its portfolio to five. According to a press release, Applewood Village was owned and operated by CentraState Healthcare System, and the community will still maintain ties with CentraState as “a preferred provider of […]
Management Legend Senior Living increases portfolio to 59 Legend Senior Living announced it has assumed the management of four senior living communities in Florida, bringing its total portfolio up to 59. The communities were previously managed by Harbor Chase and have been renamed to The Gables. The new communities further expand Legend’s footprint within Tallahassee, […]
Sinceri Senior Living has grown its national footprint to more than 80 communities by taking over seven communities recently acquired by Ventas (NYSE: VTR), with more expansion on the way soon. Ventas acquired the Magnolia Springs communities for $143 million and assigned Sinceri as the operator, the Chicago-based real estate investment trust (REIT) previously noted […]
Acquisitions Unlock Health acquires SPM Group Unlock Health, a healthcare and technology and services growth platform, announced it has acquired SPM Group, a network of health and healthcare agencies. Among the agencies included in SPM Group are SPM, GLC, Dreamscape and Centretek from Corridor Capital, LLC. Financial terms of the transaction are not available at […]
Partnerships USAA, A Place for Mom announce joint relationship A Place for Mom has announced a partnership to provide senior living advisory services to USAA, a veterans services provider with 13 million members. According to a press release, A Place for Mom advisors will offer personalized guidance and recommendations based on knowledge of Veterans Affairs […]
Transactions Grandbridge facilitates $426 million for senior housing properties Grandbridge Real Estate Capital facilitated the financing of $426.8 million seniors housing portfolio for a publicly traded healthcare REIT. The portfolio was secured by 19 senior housing properties across 10 states and was financed by an agency lender. The transaction was part of Grandbridge’s seniors housing […]
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