Post-Acute & Senior Living: Masonic Homes of Kentucky plans major campus expansion in Louisville
LOUISVILLE, Ky. – Masonic Homes of Kentucky is planning two projects that would add a total of 200 residences on its 82-acre campus off Frankfort Avenue in eastern Louisville.
Post-Acute & Senior Living: Oahu CCRC tower to open in March
Work continues on $75 million, 17-story Kalakaua Gardens senior living high-rise By Murray W. Wolf A property once envisioned as home to a mid-priced residential condominium project in the beachfront neighborhood of Waikiki on Hawaii’s Oahu Island is on its way to becoming the site of a continuing care retirement community (CCRC).
Post-Acute & Senior Living: New $121.5M development in Hayward Calif., to include 64 senior rental apartments
HAYWARD, Calif. – The City of Hayward broke ground Sept. 21 for three new residential communities, including 64 affordable rental apartments for seniors age 62 and older.
Post-Acute & Senior Living: Ventas launches SNF spin-off CCP
By Murray W. Wolf Ventas Inc. (NYSE: VTR) announced Aug. 18 that it has completed the previously announced spin-off of most of its post-acute/skilled nursing facilities (SNFs) portfolio into an independent, publicly traded REIT called Care Capital Properties Inc. (NYSE: CCP). CCP is a “pure-play” REIT that Ventas says will primarily own, acquire and lease SNFs operated by […]
Post-Acute & Senior Living: HFF closes $195 million sale of five-asset senior portfolio in the Southeast
DALLAS – Holliday Fenoglio Fowler LP (HFF) announced Aug. 10 that it had brokered the $195 million sale of a five-property senior housing portfolio totaling 709 units located in the Southeast.
Post-Acute & Senior Living: Evans Senior Investments facilitates the closing of three transactions
CHICAGO – Evans Senior Investments (ESI), a Chicago-based investment bank, recently reported that it had facilitated the sale of three separate senior living transactions in West Virginia, Pennsylvania and Ohio.
Post-Acute & Senior Living: Walker & Dunlap originates nearly $464.7M in loans for New Senior Investment
BETHESDA, Md. – In more news from Bethesda-based Walker & Dunlop, the commercial real estate finance company announced Aug. 19 that it originated 28 loans totaling almost $464.7 million, secured by a portfolio of 28 independent living properties (ILFs) acquired by New Senior Investment Group.
Post-Acute & Senior Living: Extendicare, Omega, JLL and New Senior all closed major transactions this summer
NATIONWIDE – This summer was closing time for several $100 million-plus post-acute and senior living transactions.
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc., announced Aug. 3 that it handled the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh, N.C. IPA Executive Director Mark Myers, Senior Director Joshua Jandris and Associate Director Charles Hilding, […]
Post-Acute & Senior Living: Senior housing occupancy declines
NIC blames slight second quarter dip on inventory growing faster than demand By Erin E. Porter The National Investment Center for Seniors Housing & Care (NIC) reported last month that seniors housing occupancy slipped again in the second quarter (Q2) of 2015. The average occupancy rate was
Post Acute & Senior Living: More Post-Acute & Senior Living Project News
Walker & Dunlop (NYSE: WD), a Bethesda, Md.-based commercial real estate finance firm, announced that it has made a one-year, $11 million acquisition bridge loan for Fort Myers, Fla.-based Campo Felice Riverfront Housing. Plans call for the loan to be used to convert a vacant hotel into a 323-unit independent living facility. The MacFarlane Group […]
Post Acute & Senior Living: HFF brokers sale of multi-state senior housing portfolio and Utah ALF
DALLAS – The Dallas office of HFF (Holliday Fenoglio Fowler LP) announced that it has closed the sale of a multi-state, 14-property seniors housing portfolio. In a separate transaction, it also brokered the sale of a senior community in Provo, Utah.
Post Acute & Senior Living: Ventas pulls trigger on its announced SNF spin-off, creating new REIT
CHICAGO – Ventas Inc. (NYSE: VTR) recently acted upon its previously announced plan to create a new spin-off entity, a skilled nursing facility (SNF) REIT. According to a Form 10 registration statement filing with the SEC, the new entity is known as Care Capital Properties Inc. (CCP), a publicly traded REIT. The new company holds […]
Post Acute & Senior Living: Prudential Real Estate Investors tops expectations with $629M capital raise
MADISON, N.J. – Madison-based Prudential Real Estate Investors (PREI), a division of Prudential Financial Inc. (NYSE: PRU), recently closed a $629 million comingled fund, its fifth and largest such fund. The company says it is investing the capital in three popular types of senior housing: memory care, assisted living and senior apartments.
Post Acute & Senior Living: NorthStar pays $640M for CCRCs
The REIT acquired 3,637 units from subsidiaries of Fountains Senior Living By Erin E. Porter New York-based NorthStar Healthcare Income Inc. recently entered a purchase and sale agreement and joint escrow arrangement for the $640 million purchase a portfolio of 15 continuing care retirement communities (CCRCs) with 3,637 units, according to a Form 8-K filing […]