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 […]
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.
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.
Post-Acute & Senior Living: Four memory care facilities planned
High demand allows MedProperties Holdings and LaSalle Group to move quickly By John B. Mugford With memory care services experiencing booming demand throughout the country, some real estate firms and investors are moving into the space with new projects. One such partnership involves
Post-Acute & Senior Living: HCN lands 10 Benchmark facilities
Public REIT pays $391 million for assisted living portfolio in New England By John B. Mugford There is no doubt that Toledo, Ohio-based Health Care REIT (NYSE: HCN), is bullish on the seniors housing sector, as the publicly traded real estate investment trust (REIT) continues to rack up acquisitions in the space. Validating this notion […]
Post-Acute & Senior Living: More Post-Acute & Senior Living Project News
■ Birmingham, Ala.-based developer Dominion Partners recently started construction on the
Post-Acute & Senior Living: New Senior plans largest buy to date
‘Pure play’ senior housing REIT to pay $435M for 17-asset portfolio in 10 states By Daniel H. Larson New York-based Newcastle Investment Corp.’s spin-off company, New Senior Investment Group, recently announced its biggest deal yet.
Post-Acute & Senior Living: The Wesley Community plans $42 million senior care facility in Upstate NY
MALTA, N.Y. – Saratoga Hospital is teaming up with The Wesley Community in planning a new $42 million senior-living apartment complex in Malta, a small town about 25 miles north of Albany in Saratoga County, N.Y. The Wesley Community is a not-for-profit entity sponsored by Hutchinson, Kan.-based United Methodist Health. It currently operates a 36-acre […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Franklin Park Stone Oak of San Antonio has secured $20 million in financing to move forward on the assisted living facility’s second phase. Plans calls for adding 63 independent living units to the 99 units built in 2011. Construction would begin in the second quarter (Q2) of 2015 and completed in 2016. Chicago-based Harrison […]
Post-Acute & Senior Living: Big Rock bringing luxury to Florida
A new $60 million CCRC is coming to Celebration, Fla. to meet rising demand By Daniel H. Larson With years of healthcare real estate experience, Big Rock Partners LLC Senior Managing Principal Richard Ackerman knows how to stay on top of industry trends. The real estate executive even teaches a class on commercial real estate […]
Post-Acute & Senior Living: NHI acquires eight properties in South Atlantic for $476 million
MURFREESBORO, Tenn. – National Health Investors (NYSE: NHI) recently announced its acquisition of eight senior housing communities in four states for $476 million. The Murfreesboro, Tenn.-based real estate investment trust (REIT) plans to enter a 15-year master lease with Senior Living Communities, LLC (SLC) of Charlotte, N.C., for the properties.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Evans Senior Investments recently brokered the sale of Legacy Village of Layton to an undisclosed non-traded REIT for $68 million. The Class A property, which opened in 2010, sits just north of Salt Lake City and features 108 independent living units, 74 assisted living units, 24 memory care units and 40 skilled nursing and […]
Post-Acute & Senior Living: Firms teaming up on big UK deal
HCP Inc. is backing $630M acquisition led by Formation Capital and Safanad Ltd. By Dan Larson With senior housing properties in such high demand, prices continue to rise to record levels. As a result, many investors are looking across the pond to find opportunities. Irvine, Calif.-based HCP Inc. (NYSE: HCP), is one such investor, as […]
Post-Acute & Senior Living: NorthStar stays active in seniors sector with $170 million in investments
NEW YORK – Greenwood Village, Colo.-based NorthStar Healthcare Income Inc., a non-traded REIT, recently announced $170 million worth of investments in an assisted living portfolio and a mezzanine loan backed by a skilled nursing and assisted living portfolio. Sponsored by NorthStar Asset Management Group, the REIT invests in all facets of the senior housing sector.