Senior Housing Finance Activity: Ziegler, Arbor, Cushman & Wakefield, Greystone

Ziegler Secures $145 Million for Emerald Communities’ Heron’s Key Ziegler, a specialty investment bank and one of the nation’s leading underwriters for not-for-profit senior living provider financing, secured $145 million in financing for Heron’s Key in Gig Harbor, Washington. Heron’s Key is “life care retirement community” that will hold 194 independent living units and 45 […]

Senior Living Adopting Tech, But ‘Tremendous Opportunity’ Remains

Roughly three-quarters of the 150 largest nonprofit senior living providers are embracing technology advances, such as electronic medical/health records (EMR/EHR) and electronic point of care documentation systems, according to the LeadingAge Ziegler (LZ) 150, an annual compilation of providers. But there’s still much work to be done, say experts who collected and analyzed the data […]

Senior Housing Finance Activity: Love Funding, Ziegler, CBRE

Capital One Bank Refinances $36M for S.C. Senior Living Community Capital One Bank provided a $36.3 million secured term loan to affiliates of Dominion Partners, LLC. to refinance the original construction loan on Somerby of Mt. Pleasant, a senior living community outside Charleston, S. C.  Headquartered in Birmingham, Ala., Dominion Partners has developed a number […]

Developers See Risk and Big Reward in Tackling Crazy Zoning Markets

While some senior living providers see tough zoning laws as a barrier to breaking ground in a certain market, others see an opportunity to stake claim in otherwise uncharted territory. “In difficult markets to zone there are substantial entitlement hurdles, and usually you’re going to find an underserved population because of the challenges developers have,” […]

CCRC Doubles Down on Middle Market in $90 Million Renovation

A continuing care retirement community (CCRC) in the greater Kansas City area is redeveloping its living units and amenities through a $90 million redevelopment phase to be completed in 2017. But instead of going high-end and focusing on luxury updates in the renovation, the CCRC’s operator says it’s targeting the middle market for the future […]

CCRCs ‘Without Walls’ to Surge, Adding New Opportunity

One-third of nonprofit continuing care retirement communities (CCRCs) that do not already have a continuing care at home (CCaH) program are considering offering one within the next two years, preliminary results from a soon-to-be published report show. Those results bolster past research that show a rapidly growing number of organizations are offering CCaH program services. CCaH […]

Senior Housing Finance Activity: Prudential, Ziegler, Berkadia, & More

SQLC Completes $119 Million Financing for Ind. CCRC Senior Quality Lifestyles Corporation and its affiliate Mayflower Communities, working in partnership with St. Vincent Health, announced last week they had completed financing for The Barrington of Carmel, a 501(c)3 nonprofit continuing care retirement community (CCRC).  Financing was completed through the sale of $119,020,000 in Series 2012 […]

Senior Housing Finance Activity: Cambridge, HealthLease Properties, HCP

Mainstreet Property Group’s HealthLease Properties REIT Closes $25 Million Credit Line  Mainstreet Property Group, LLC, announced on Tuesday that certain indirect subsidiaries of HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) have entered into a $25 million revolving credit facility with PNC Bank. The facility has an initial term of 36 months from closing and provides […]