Senior Housing Finance Activity: RED Capital, CBRE

RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]

Senior Housing Investments & Transactions: HFF, NHI

HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Advisors, a real estate private equity investor in off-campus student […]

Movers & Shakers: Welltower Foundation Launches to Promote Wellness

Welltower Foundation Launches to Promote Wellness Welltower Inc. (NYSE: HCN) launched the Welltower Foundation, an organization aimed at promoting wellness, encouraging a high quality of life for aging populations and supporting other groups and innovations that do the same. Erin Ibele has been named president of the foundation. The foundation’s first course of action is […]

In the Pipeline: Senior Housing Construction Projects (1/14/16)

(Dining room at Kalākaua Gardens in Honolulu) Construction: Planned Pinkard Construction to Build Colo. Assisted Living, Memory Care Expansion Construction manager and general contractor Pinkard Construction Company was recently awarded the construction of Sunny Vista Living Center’s new assisted living and memory care expansion in Colorado Springs, Colo. The new, $10.5 million building, designed by Lantz-Boggio Architects, […]

Why Watermark Communities Are Bankrolling Local Kids

Intergenerational programs among senior housing communities are a popular hit with residents and surrounding communities, providing benefits in many ways and taking shape in several forms. One senior housing provider is opening up about the way it funds and runs its efforts to support local kids, and what the company and its residents gain from it. Watermark […]

In the Pipeline: Senior Housing Construction Projects (11/29/15)

Construction: Planned Primrose Retirement Communities to Break Ground in Ind. On December 1, South Dakota-based Primrose Retirement Communities will begin construction on a new 110-unit senior living community in Newburgh, Ind. The multi-million project will include independent living, assisted living and memory care apartments as well as 10 townhome villas. An opening is expected in […]

Senior Housing Finance Activity: Lancaster Pollard, Grandbridge

Lancaster Pollard Arranges $1.8 million Bridge Loan for Nevada Assisted Living Community Lancaster Pollard, a financial advice and financing solutions company, has arranged a $1.8 million bridge loan for Reno Valley Assisted Living & Retirement Center, a 118-unit assisted living community in Reno, Nevada. Acquired in 2013, the community has undergone a turnaround process, and […]

Senior Housing Investors Net Healthy Returns

Financially, the senior housing market is in good shape, with return on investment eclipsing other major real estate property types. Over a seven-year period, senior housing returns have outperformed the National Property Index (NPI) and multi-family housing in total returns, income returns and appreciation. These and other findings were reported in the CBRE National Senior Housing […]

NorthStar to Acquire $640 Million CCRC Portfolio

NorthStar Healthcare Income Inc., a public, non-traded real estate investment trust, has agreed to purchase 15 continuing care retirement communities (CCRCs) from subsidiaries of Fountains Senior Living Holdings, LLC, in a deal totaling approximately $640 million. National senior living operator Watermark Retirement Communities Inc. will continue as the day-to-day operator of the CCRCs after the […]