Transactions & Financings: Ziegler Closes on $125M HumanGood Package; Diversified Completes $53M Sale

Sales and operator transitions Diversified Healthcare Trust completes 4-property, $53M sale Diversified Healthcare Trust (Nasdaq: DHC) completed a previously announced sale of four properties for a combined $43 million. The disposition includes three senior living communities with a combined 239 units located in Washington and Montana for $46 million. These sales were part of a […]

Nonprofit Affiliations Accelerate, National Senior Campuses Tops Largest Providers List

The trend of nonprofit senior housing affiliations snowballed in 2019, and smaller providers now are more motivated than ever to initiate discussions with larger groups. And, more nonprofit providers are diversifying their service lines in order to provide care to seniors off campus. These trends are on display in the 17th annual LZ 200 list […]

Lending Spreads for Assisted Living, Skilled Nursing ‘Remarkably Similar’

Senior housing operators and owners seeking financing at higher loan-to-value ratios are likely to find favorable terms with alternative lenders and finance companies, as banks remain disciplined with their underwriting during the coronavirus pandemic. And among care segments, lending spread differentials between majority assisted living and memory care communities, and skilled nursing facilities, are remarkably […]

Nonprofit Senior Living Model of the Future Emerges As Providers Expand, Diversify

While for-profit senior living providers are still expanding at a much more rapid pace, nonprofits are continuing to gain scale and sophistication in the midst of Covid-19, and are strategizing about how best to compete and command market share coming out of the pandemic. The “optimum” nonprofit senior living system of the future likely will […]

CCRCs Bolster Financial Positions as Bond Market Comes Back Strong

Covid-19 disrupted capital market activity for senior living providers of all kinds, including nonprofit continuing care retirement communities (CCRCs). However, this summer has marked a shift, with multiple large financing deals being completed — a testament to greater confidence in bond market investors, and a reflection of CCRCs’ ability to withstand pandemic pressures. The coronavirus […]

Transactions & Financings: Columbia Pacific’s $177M Canadian Portfolio Sale; New Senior’s $270M Refinancing

Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, Ontario The Bradley Gracious Retirement Living, an independent living community […]

Senior Living Innovators Zero In On Small Homes, Pocket Neighborhoods

When it comes to senior living communities, bigger is sometimes better. But as senior care innovator Dr. Bill Thomas remarked last year, the so-called “big box” model of senior living is no longer the only option for residents. Architects, capital providers, operators and entrepreneurs are exploring new concepts for smaller, more intimate styles of senior […]