Columbia Pacific Stirs Up Indian Senior Care Market With Serene Purchase
India represents a huge untapped market when it comes to seniors housing, and a Seattle-based company already with significant investments in Asia is looking to capitalize. A subsidiary of Columbia Pacific Advisors (which was founded in 2006 by Alex Washburn, Stan Baty and Dan Baty), Columbia Pacific Management manages an international business that includes hospitals, clinics and senior care facilities in Kenya, Southeast Asia, India and China. Now, the company is making a huge investment in the Indian senior care market, which has an aging population, rising upper- and middle classes and an under-supply of senior care facilities. Columbia Pacific purchased Serene Senior Care and its 735... Read More »
Another Propero Transaction for Arcadia Communities
Lancaster Pollard’s Propero Fund II was the financing source of choice once again for Arcadia Communities as it continues to grow its portfolio. Founded in 2008, Louisville, Kentucky-based Arcadia owns and/or operates three seniors housing and care communities in Kentucky and Michigan. Six months ago, the company obtained $12.1 million from Lancaster Pollard’s second Propero fund to develop a 79-unit community in Clarksville, Tennessee, which will include independent living, assisted living and memory care services. Now, Arcadia has another project in development, a 79-unit IL/AL/MC community in Bowling Green, Kentucky. Propero, which invests in seniors housing properties as the sole... Read More »
Autumn Senior Living Springs Forward With Three New Projects
Autumn Senior Living is investing around $100 million in the Tampa Bay MSA to build three more senior living communities, two of which will feature its “I-Lite” product. A form of aging-in-place, I-Lite was created to provide assisted living services to residents as their care levels progress, without moving them. Including this service will be Atrium at Autumn, an I-Lite expansion of the company’s current stand-alone memory care community in Sarasota that was designed in cooperation with the USF Health Byrd Alzheimer’s Institute, a leader in dementia research. The community, which will cost approximately $38 million to develop, will offer four different floor plans to residents: a... Read More »Seattle Seniors Housing Operator Develops Again
Merrill Gardens is growing yet again, through the development of two more assisted living/memory care communities in Washington and Georgia. This comes just months after Seattle-based Merrill and an unidentified partner bought out the majority stake owned by an affiliate of Heitman in a small portfolio of four senior living communities either developed or acquired in the previous couple of years. That sale was arranged by Cushman & Wakefield. But now, the company is growing again in a partnership with its sister company, Pillar Properties. First, in its hometown of Seattle, Merrill opened a community with 91 independent/assisted living and 10 memory care units, at a total development... Read More »Build with Grandbridge Real Estate Capital
A brand-new seniors housing community is being built in Aiken, South Carolina (Augusta, Georgia MSA) with the help of a construction loan arranged by Richard Thomas and Meredith Davis of Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group. The 74-unit/80-bed to-be-built community is being developed by Principal Senior Living Group and will feature the “Benton House” brand name. Grandbridge originated a $10.66 million loan through BB&T Bank on behalf of the community. Read More »Schedule a demo
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