Livingston Buys Active Adult Community Outside Philadelphia
Livingston Street Capital has acquired a 231-unit active adult community in the greater Philadelphia area. Canvas Valley Forge is considered to be a Class-A community in the town of King of Prussia, with 147 one-bedroom and 84 two-bedroom unit options. The amenity list features an infinity pool with sundeck, hot tub, outdoor courtyard with grills and seating areas, chef’s kitchen for private events, dog park with pet washing station, community garden, bocce court, bike storage and maintenance shop, garage and general storage, a fitness center, on-site salon and spa, craft room, game room, library/media room, resident lounge with club room, package room, and full-time resident concierge.... Read More »Active Adult Market: Will it be the major growth sector in seniors housing? Will it solve the middle market problem?
About the webinar: The active adult market has attracted attention from investors inside and out of traditional seniors housing. and rightly so given the sector’s performance during the pandemic, the demographic opportunity and the opportunity to establish a major presence in an emerging sector. But, because the market has not matured yet, property values and cap rates could still be up for debate, as well as active adult’s risk level when compared with multifamily investments. Also, as construction has slowed across seniors housing due to inflation, interest rates and increased risk, groundbreakings for active adult projects seem to be accelerating. Panelists:Ben Swett, Editor, The... Read More »Capital Funding Group Arranges California Construction Loan
Capital Funding Group has closed a $33 million construction loan for the ground-up development of Varenita of Temecula, a 108-unit assisted living and memory care community in Temecula, California. CFG has recently created a new division, the Seniors Housing Lending Platform, who ultimately handled this loan. The loan features a Commercial Property-Assessed Clean Energy (CPACE) structure that allows building owners to borrow money for energy efficiency, renewable energy, or other projects and make repayments via an assessment on their property tax bill. The financing was executed on behalf of real estate development firm and nationally recognized borrower, Griffin Living. Brightwater... Read More »60 Seconds with Swett: Home Health Care Vs. Senior Care
I’m here in Chicago at the Home Care Innovation and Investment Conference and it’s been quite illuminating so far, a lot of talk about SNF at home or even hospital at home. So home health care providers are trying to demonstrate that they can indeed care for higher acuity patients and hopefully get paid for it. So it will be interesting to see how SNFs react to that. Also, home health providers are going through a lot of the same difficulties as skilled nursing providers and seniors housing providers, especially in the labor fund in terms of finding labor and paying for it. But also CMS just came out on Friday with a 4.2% cut to home health reimbursement rates. So SNFs... Read More »Historic Hamilton Heights Sells in West Hartford
Real estate investment firm Lloyd Jones just announced its fourth seniors housing acquisition of the year, so far, with the purchase of a Hamilton Heights in West Hartford, Connecticut. Built as a Roman Catholic boarding school for girls in 1905, the property was adapted into an independent living, assisted living, and memory care community in 1997. The property features a Georgian revival facade with four and five stories that stretch over ten acres, comprising 113 total units. It was also recently renovated and shows well. The property has sold several times over the years, falling into the hands of Ventas and Atria Senior Living for a number of years until December 2021, when they... Read More »Schedule a demo
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