by Steve Monroe | Jul 23, 2019 2:04 pm | Financings
KeyBank Real Estate Capital arranged a trio of HUD loans for skilled nursing properties located across Texas. The Corpus Christi facility, built in 2015 with 60 semi-private units and a 112-space parking lot, received a $16 million loan. Opened in 2009 and renovated... Read More »
by Steve Monroe | Jul 19, 2019 8:12 am | Developments, Financings
A massive senior living community in Fort Myers, Florida, has plans to replace its skilled nursing facility, and just received bond financing to do it. Ziegler arranged the placement of the $81.16 million in bonds for the Obligated Group, which consists of two Florida... Read More »
by Steve Monroe | Jul 17, 2019 7:02 am | 60 Seconds, Opinion
Seniors housing occupancy rates still remain low despite an apparent slowdown in new development. Whether you look at the total market, or simply the stabilized properties, second quarter occupancy took a small dip, according to recent numbers from NIC. Truth be told,... Read More »
by Steve Monroe | Jul 17, 2019 7:01 am | Opinion
We disclosed last week that activist investor Land & Buildings (L&B) had nominated Jay Flaherty, former CEO of HCP, Inc., and Jonathan Litt (founder of L&B) for board election at the 2019 annual meeting of Brookdale Senior Living. L&B has just sent an... Read More »
by Steve Monroe | Jul 17, 2019 6:01 am | Developments, Financings
Senior living development is certainly not starved for capital, as another lender has entered the senior living development space. Commercial Real Estate Finance is currently involved in the retail, multifamily, single-family and hospitality markets, but it recently... Read More »