News Release: $16 Million Acquisition Loan and Bridge Loan to FHA 232/223(f)
About the Transaction KeyBank Real Estate Capital® provided a $16.3 million term loan to refinance existing debt and to acquire an additional skilled nursing facility for RollinsNelson LTC Corp. The term loan will serve as a bridge to long term HUD financing. The KeyBank Real Estate Capital Relationship Key’s relationship with RollinsNelson supports the company’s […]
News Release: MedProperties Holdings invests in rehab hospital
MedProperties Holdings invests in rehab hospital Dallas-based real estate private equity investment firm is joint venturing with Avail Healthcare Ventures and Trivant Healthcare to develop 40-bed hospital near Austin, Texas MedProperties Holdings is serving as the primary equity source for a new rehabilitation hospital in Kyle, Texas, which will be 100 percent leased by a […]
News Release: C.C. Hodgson Architectural Group announces opening of Resthaven Care Community in Michigan, emphasizing wellness & spirituality
CLEVELAND, May 10, 2013— Resthaven Care Community (Holland, MI) recently opened a $4.6 million patient-centered expansion that includes a 16-suite rehab cottage, chapel/life center and wellness center. C.C. Hodgson Architectural Group, a Planetree certified architectural firm specializing in senior living, worked closely with the Resthaven team to design a facility that emphasizes wellness and spirituality. […]
Transactions: National Health Investors announces $26.3 million senior living acquisition
MURFREESBORO, Tenn. –National Health Investors Inc. (NYSE: NHI) has announced that it plans to acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. The facilities, both less than two years old, are in Corinth and Canton, which are about 40 and 60 miles, respectively, from Dallas. Indirect affiliates of […]
Transactions: Canadian senior living company doubles U.S. portfolio with $141.7M buy
TORONTO – A Canadian real estate investment trust (REIT) has more than doubled its portfolio of U.S. senior housing and care properties with a $141.7 million acquisition of 13 assets in three states. Toronto-based HealthLease Properties REIT (Toronto: HLP.UN) has closed on the acquisition of 10 properties in North Carolina, two in Pennsylvania and one […]
Industry Pulse: Survey details largest senior living operators
Holiday Retirement Corp., Emeritus Corp. (NYSE: ESC) and Merrill Gardens LLC top a new survey of the nation’s largest senior living providers. Many of the healthcare real estate investment trusts (REITs) and other investors that own medical office buildings (MOBs) also own senior living facilities. That means many senior living firms are tenants or prospective […]
Post-Acute & Senior Living: More News
■ LCB Senior Living LLC reportedly paid a record price when it recently acquired the 50-unit, 83-bed Arbors of Bedford assisted living community in Bedford, N.H., from Merrimack Health Group, according to The Senior Care Investor newsletter. The $35 million purchase price works out to $700,000 per unit and $422,000 per bed. Cushman and Wakefield’s […]
Post-Acute & Senior Living: Denver seeing flurry of senior living
Changing preferences and population growth are presenting fresh opportunities By Murray W. Wolf The aging of the population and a stronger economy are spurring a flurry of senior living development in the Denver area. The largest project to be announced is Balfour at Riverfront Park in Denver. The proposed $74 million, 205-unit continuing care retirement […]
Post-Acute and Senior Living: Senior housing recovery continues as Q4 occupancy climbs to 89.1 percent
ANNAPOLIS, Md. – The average occupancy rate for senior housing was 89.1 percent during the fourth quarter (Q4) of 2012, up 0.3 percent from Q3 and up 1 percent Q4 2011, according to the Annapolis-based National Investment Center for the Seniors Housing & Care Industry (NIC). “Occupancy is now at a four-year high and, with […]
Post-Acute and Senior Living: Norvin acquires Texas rehab hospital
Private equity firm pays $32.9 million for fully leased, 50-bed facility in Austin By John B. Mugford New York-based Norvin Healthcare Properties recently gained a foothold in the Austin, Texas, market by purchasing the 60,000 square foot, three-story Central Texas Rehabilitation Hospital (CTRH) from an affiliate of Dallas-based Prevarian Hospital Partners. The price was $32.9 […]
News Release: Just Sold – Assisted Living & Memory Care
Woodview Assisted Living & Memory Care Ft Wayne, Indiana 82,407 SF 88 Units 97% Census
Post-Acute & Senior Living: At last, the long LTACH moratorium ends
After 5 years, will expiration mean a surge of activity in the post-acute space? By John B. Mugford At long last – after five years, in fact – the federal government’s moratorium on the development of new long-term care hospitals (LTACHs), as well as the expansion of existing ones, has finally come to an end. […]
Special Report: Investors adding senior living to mix
ACUITY LEVELS ARE RISING – AND SO IS THE LEVEL OF INSTITUTIONAL INTEREST By Murray W. Wolf Seasoned senior living real estate investors acknowledge that the sector is “complicated,” “misunderstood” and fraught with the added risks associated with volatile government reimbursement policies. In addition, there are questions about the ability of some operators to deliver […]
Publisher’s Letter: Serious about seniors
By Murray W. Wolf. Dear Reader: We have all recognized for many years that there is a big potential opportunity in the senior living sector. The market has had its ups and downs. But we all ultimately expect demand to grow for independent living, assisted living, skilled nursing and memory care facilities, as well […]
Senior Living: Senior moment? Sector is heating up
INTEREST IS GROWING IN POST-ACUTE AND LONG-TERM CARE REAL ESTATE By Murray W. Wolf The potential opportunity in the senior living market has seemed tantalizingly obvious for many years. We all know about the “silver tsunami” – the 78 million aging baby boomers who, during the next two decades, will drive unprecedented demand for independent […]