Trending topics among nonprofit Chief Financial Officers (CFOs) and senior housing finance professionals this year are refinancing and consolidation opportunities in the sector, with many eyeing new ways to spur growth opportunities. The nonprofit continuing care retirement community (CCRC) business has been plagued by the housing recession and lack of ability to remain competitive with […]
Ziegler Closes $34.5M Financing for Conn. CCRC Ziegler, a specialty investment bank, closed a $34,510,000 tax-exempt, fixed-rate Series 2015A Church Home of Hartford’s Series 2015A Bonds. Church Home of Hartford d/b/a Seabury (the Obligor), a new client to Ziegler, is a Connecticut not-for-profit corporation formed in 1876. In 1992, the Obligor established Seabury, an interfaith, active Type-A continuing […]
Memory care is set to boom, but not all operators are jumping on the trend in the same way. Some providers are ramping up development of stand-alone memory care models, while others are expanding existing facilities or building new ones to add memory care to existing senior housing communities. The majority of senior housing leaders […]
CBRE Arranges $48M Acquisition Financing for Ariz. Seniors Housing Portfolio CBRE National Senior Housing arranged a portfolio sale and acquisition financing for the Golden Pond Portfolio. The portfolio consists of a 26-acre, three property (430-unit) campus in Peoria/Sun City, Ariz. and a 148-unit assisted living/memory care community in Yuma, Ariz. CBRE secured a $48.5 million, […]
In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week. Brookdale and HCP to Acquire 35 Chartwell Communities for $849 Million—The senior living operator-owner duo agreed to purchase Chartwell’s entire U.S. senior living portfolio for $849 million. The portfolio will be acquired using a RIDEA joint venture […]
The majority of senior living industry members agree that continuing care retirement communities (CCRCs) are decreasing their number of skilled nursing beds, according to the latest Holleran Insight Poll. Of more than 3,000 senior living industry members polled by the research company, 59% say they “agree” that CCRCs are decreasing skilled nursing beds and adding […]
Senior care acquisitions shattered records last year. And now just two months into 2015, senior housing is leading the way when it comes to mergers, acquisitions and affiliations in both the for-profit and not-for-profit sectors. Senior housing and care represented more than 280 transaction totaling $25.75 billion last year, propelling overall health care M&A activity to […]
Prudential Mortgage Refinances $41M For Md. Senior Living Community Prudential Mortgage Capital Company provided a $41 million loan to Fountain Square Properties to refinance Kensington Park, a class A independent, assisted and memory care community located in Kensington, Md. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
The majority of senior living providers pay commissions to their sales and marketing staff, suggesting that a robust incentive structure is crucial for attracting top talent, according to a recent CFO Hotline poll conducted by investment bank Ziegler. Overall, about 70% of respondents said they pay commissions. A total of 182 organizations participated in the […]
