Another Senior Care REIT Files for IPO
Another senior care REIT is eyeing the public markets after filing a registration statement with the SEC for a proposed offering of Class A common stock. National Healthcare Properties’ offering remains subject to market conditions and other customary conditions, and the number of shares and pricing range have not yet been determined. And if completed, the company expects to list on the NASDAQ under the symbol “NHP.” The filing comes shortly after Janus Living completed its IPO at the end of March. While National Healthcare Properties is not solely focused on seniors housing like Janus Living, it represents another signal of confidence in the sector’s long-term fundamentals. And it throws... Read More »
ESI Adds Capital Markets & Debt Advisory Team
Evans Senior Investments has expanded its platform to now include a dedicated Capital Markets & Debt Advisory team to source debt solutions for its clients. Complementary to its brokerage/investment sales services and benefitting from Evans’ robust lender network, the new platform will facilitate acquisition financings, refinancings, recapitalizations, working capital and portfolio-level financings. Director Hank Fuller and Senior Capital Associate Jeremy Laboe will lead the capital markets practice. The team brings direct relationships with more than 500 capital sources across banks, debt funds and agency platforms, and they will utilize Evans’ proprietary transaction database... Read More »
Blueprint Adding HUD Lending Platform
Fresh off another record-setting year for investment sales activity, Blueprint announced a major expansion of its capital markets services to now include FHA/HUD lending and servicing capabilities. The firm is acquiring the existing FHA/HUD lending platform of MidCap Financial Services, and hiring Tony Marino, formerly of Cambridge Realty Capital Companies, to lead the practice alongside Chief Underwriter Ramona Mitchell, who has decades of experience in HUD lending. The move allows Blueprint to now offer long-term financing solutions to its clients, what it describes as a natural extension of its mission to provide best-in-class advisory services throughout the asset lifecycle. The... Read More »
More New Capital Enters Seniors Housing
A fully-integrated real estate firm that is well known in the student housing world announced its foray into the seniors housing industry. Landmark Properties focuses on the development, construction, acquisition, investment management, and operation of high-quality residential communities, but the company’s intent is to invest in ground-up development and acquisition opportunities in seniors housing through partnerships with best-in-class operators. It cited the industry’s recovery and the incoming supply and demand imbalance as part of its motivation to enter. Landmark Properties appointed industry executive Shashank Goel as Senior Director of U.S. Senior Housing Investment Management.... Read More »
Inspirit Senior Living Appoints New President
Torey Riso is heading back to the operating world, joining Inspirit Senior Living as President as of March 16. He joins Dave McHarg, who is the CEO of Inspirit and Founding Partner of the company. Since its founding in 2015, Inspirit has grown to 37 properties under management, with Inspirit holding an equity interest in around half of those. The platform is also well positioned to continue its growth trajectory through both management opportunities and strategic value-add/turnaround equity investments with institutional partners. Inspirit could take advantage of several REITs’ desire to grow their SHOP portfolios. Plus, it continues to work closely with Venue Capital, founded by Care... Read More »Schedule a demo
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