Chicago Pacific Founders just made its fifth acquisition of the year (all since the start of April), after just three (disclosed) deals in both 2017 and 2016. The newest addition is an independent/assisted living community located in Sterling Heights, Michigan (Detroit MSA), and sold for an undisclosed price. Built in 1989, it was formerly operated […]
The CBRE National Senior Housing group flexed its muscles this week, closing two acquisition financings and an asset sale. First, Lisa Widmier represented HCP in its divestment of a 159-unit independent living/assisted living community in Beaumont, Texas, for an undisclosed price. Featuring a majority of independent living units, the community was built in 1996. Under […]
Congress Building Corp. has been named construction manager at Formation Development Group and Atria Senior Living’s latest senior living project in Ridgefield, Connecticut. The project commenced in November 2017, with Congress guiding the project through the pre-construction and construction phases. The company will also coordinate the subcontractor and supplier pricing, as well as the procurement […]
Members of the American Seniors Housing Association and subscribers to The SeniorCare Investor gathered in New York City on the night of the Rockefeller Center tree lighting in an intimate setting at The Penn Club to hear what Rick Atlas (Atria Senior Living), David Reis (Senior Care Development) and Scott Stewart (Capitol Senior Housing) had […]
Hoping that success will breed more success, Atria Senior Living just broke ground on an 86-unit assisted living/memory care community in Ridgefield, Connecticut, which will be its fourth in the high-income, highly desirable Fairfield County. Average rents are especially high in the county (often surpassing $10,000 per month for memory care services), and already with […]
Capitol Seniors Housing’s development pipeline is growing fast, as luxury senior living communities continue to go up and down the Acela Corridor, and Chicagoland too. The firm has announced its two latest projects in Andover, Massachusetts and Glenview, Illinois, both scheduled to open in the fourth quarter of 2018. The Andover community will feature 96 […]
LCB Senior Living has already established itself as a luxury provider of assisted living/memory care services in New England, with 11 communities in Massachusetts, three in Vermont, two each in Connecticut and New Hampshire, and one in Rhode Island. The developer also has two construction projects in Massachusetts and one in New Hampshire. But now, […]
Two active investors in the seniors housing M&A market worked with BMO Harris Bank’s Commercial Real Estate Healthcare group to close acquisition financing for two of their latest purchases. First up, Kayne Anderson received $34.6 million in financing to acquire and expand a 135-unit senior living community in Melbourne, Florida. The property was built in […]
Not resting on its laurels following the recent $1.27 billion Freddie Mac financing it closed, Walker & Dunlop announced another financing, this time structuring a $68.2 million construction loan for a 318-unit senior living community to be built in Palm Beach County, Florida. The loan featured a floating rate of about 300 basis points over […]
Big Rock Partners is at it again. Already developing a $75 million senior living project in Celebration, Florida and a $25 million project in Port Royal, South Carolina, the real estate investment management firm is set to begin construction of Atria at Villages of Windsor, a 318-unit senior living community in southern Palm Beach County. […]