Post-Acute & Senior Living: Former Accretive CEO raising $500M to invest in healthcare, including senior living
CHICAGO – A subsidiary of a new private equity firm founded by the former CEO of Accretive Health Inc. is beginning to acquire senior living facilities.
Post-Acute & Senior Living: Enlivant closes on $334.4M Fannie Mae credit facility from KeyBank Real Estate
CHICAGO – Enlivant (formerly Assisted Living Concepts) of Chicago recently closed a $334.4 million Fannie Mae credit facility from KeyBank Real Estate Capital for a national portfolio of senior living communities.
Companies & People: Growing company is focused on ERs
Medical Properties Trust is part of Adeptus Health’s plan for national expansion By John B. Mugford Even as the traditional acute care hospital loses some of its luster and importance in the country’s healthcare delivery care model, the emergency room (ER), be it on a hospital campus or in a freestanding location, is likely to […]
Capital Markets: Extension options provide flexibility
Loan terms with extension options make it easier for borrowers to manage timing By Erik Tellefson The length of time between a loan closing and its maturity (loan term) is an important consideration when evaluating lending options. A loan term that is too short may not allow for the borrower to execute on its business […]
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Russell Construction Co. has proposed The Point, a three-phase $42 million, senior living community on about 9 acres in Moline, Ill. According to The Dispatch, a local newspaper, the $25 million first phase of development would include 65 independent living units, 52 assisted living units and 18 memory care units. The $11.9 million second phase […]
Editor’s Letter: Calmer at conferences
Moderating panel discussions is easier these days Dear Reader: It has probably been about a decade since we at Healthcare Real Estate Insights™ started getting invited to moderate panel discussions at healthcare real estate (HRE) conferences throughout the country.
Post-Acute & Senior Living: NHI lends $154.5M for CCRC project
Firm will use funds to recapitalize and expand Seattle-area senior living campus By Erin E. Porter National Health Investors Inc. (NYSE: NHI) recently announced finalization of a $154.5 million loan to Timber Ridge at Talus, a Seattle-area entrance-fee senior living community. The Class A community, located in the southeast suburb of Issaquah, will use the […]
Post-Acute & Senior Living: HCP, Brookdale, plan $849M deal
REIT and operator use RIDEA structure to acquire 5,025-unit Chartwell portfolio By Murray W. Wolf Healthcare real estate investment trust (REIT) HCP Inc. (NYSE: HCP) and senior living operator Brookdale Senior Living Inc. (NYSE: BKD) announced March 17 that they have entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of 35 private-pay senior living […]
Industry Pulse: Micro Hospitals: What’s the Big Idea?
Micro hospitals include urgent care, EDs and inpatient beds. Healthcare providers are exploring every possibility these days when it comes to healthcare real estate (HRE) product types that can support delivery models that improve quality, increase efficiency, reduce costs, provide more convenient patient access and expand market share.
Post-Acute & Senior Living: Cambridge sees upswing in 2015 loans, arranges refis for S. California communities
CHICAGO – Cambridge Realty Capital Cos. has gotten 2015 off to a fast start with an increase in loan origination requests, and announced two HUD Lean Loans for senior communities in the Los Angeles area.
Industry Pulse: Hurricane Sandy Opens Door To Outpatient Plan
Apparently not even a hurricane can stem the tide toward an outpatient delivery model. Three years after Hurricane Sandy devastated parts of the East Coast, the owner of a shuttered hospital just outside of New York City has announced that the facility could eventually be reconstructed, but not as an inpatient facility.
REIT Report: Med Properties Trust finding deals
The REIT buys hospitals in Kansas and Nevada; also makes foray into the U.K. By John B. Mugford In this, the era of healthcare reform and increased competition, hospitals continue to explore ways to improve their bottom lines while feeling pressure to upgrade their medical technology and expand their service offerings.
Post-Acute & Senior Living: Sinai Residences to be completed in December; sells out, starts waiting list
BOCA RATON, Fla. — The upscale Sinai Residences in Boca Raton, which is scheduled to open in December, is sold out and has started a waiting list, its organizers announced recently.
Companies & People: Five questions for: Malcolm S. Sina
Two years after leaving Lend Lease, he is back at developing healthcare facilities By John B. Mugford When Malcolm S. Sina first started developing medical office buildings (MOBs) in the mid-1990s, most health systems were accustomed to, and comfortable with, developing their own MOBs with their own capital.
Companies & People: HRE Capital was advisor on the sale of ASCs in Houston and St. Joseph, Mo.
HOUSTON and ST. JOSEPH, Mo. – Healthcare Real Estate Capital (HRE Capital), a national advisory firm focused on the HRE sector, acted as the financial advisory firm to a group of physicians who recently sold standalone ambulatory surgery centers (ASCs) in Houston and St. Joseph.
