A growing number of senior living providers are reporting successful outcomes from implementing home and community-based services (HCBS), which have seen an uptick in interest from providers looking to reach older Americans who prefer to age in place. Fifty-two percent of the largest not-for-profit system providers offer some sort of home and community-based service off-campus to […]
Ziegler
NorthMarq Capital Refinances $7M for Iowa Senior Housing NorthMarq Capital’s Omaha-based regional office secured a $7.366 million refinance for Woodlands Creek. Jason Kinnison, senior vice president of NorthMarq Capital’s regional office, secured the refinance for the 70 unit senior housing facility, located at 12605 Woodlands Parkway in Clive, Iowa. The transaction was structured with a 35-year term and […]
As the housing market makes its way back to pre-recession levels, continuing care retirement community (CCRC) entry fees have also been on the rise, according to a Ziegler CFO Hotline report. In fact, 65% of the 137 surveyed chief financial officers throughout the country reported that their community’s entry fee has increased in the past […]
Ziegler Closes $24.16M Financing For North Carolina CCRC Ziegler, a specialty investment bank, closed a $24,160,000 Series 2014 tax-exempt non-bank qualified transaction issued by the North Carolina Medical Care Commission for Deerfield Episcopal Retirement Community (Deerfield), a new client to Ziegler. Deerfield is a Type-A LifeCare continuing care retirement (CCRC) operator located on 125-acres in […]
Construction: Planned Houston CCRC Announces $56 Million Expansion The Buckingham, a 501(c)3 non-profit continuing care retirement community in Houston, Texas, recently announced it will undergo a $56 million expansion that will add 187 total residences to its existing campus. Sponsored by Senior Quality Lifestyles Corporation (SQLC), The Buckingham—a Type A CCRC—currently has 204 independent living […]
Grandbridge Real Estate Capital Closes $12.2M Mortgage Loan for Ore. Memory Care Facility The Atlanta-based Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital recently closed a $12,250,000 first mortgage loan secured by Quail Park Memory Care in Eugene, Ore. Funding for the refinance was provided by BB&T Real Estate Funding, Grandbridge’s balance […]
The vast majority of the largest nonprofit senior living organizations are faith-based organizations, according to the latest research from the LeadingAge Ziegler 100 Publication. Of the 84% nonprofit senior living providers that are faith-based, Presbyterian, Methodist and Lutheran affiliations are the most common among the largest 100 organizations. Just 13% of nonprofit providers have no affiliation, […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Prudential Mortgage Provides $11.7M Loan to Ore. ALF, SNF, Memory Care Community Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), provided an $11.7 million loan to West Linn Care Center Holding Company, […]
At the SHN Summit last month, capital markets panelists were asked if we are now at the top of the senior housing market and whether the market today appears “frothy.” Google the definition and this is what appears: froth (frôTH/)noun a mass of small bubbles in liquid caused by agitation, fermentation, etc.; foam. “leave the […]
Ascension, the nation’s largest nonprofit Catholic health system, has announced it will unite the majority of its senior-focused programs under the national organization Ascension Health Senior Care, creating the second-largest not-for-profit long-term care provider in the country. Ascension Health Senior Care will oversee a total of 5,568 senior care/senior living beds and three PACE (Program […]
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