• More Shareholder Activism

    by | Apr 22, 2024 9:04 am | Opinion

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »

  • Active Adult Expansion A Hit With Investors

    by | Apr 22, 2024 9:02 am | Developments

    How often have we heard that new development is dead? Or that CCRCs (LPCs) are on their way out? Too often. But how often do you hear about an Active Adult expansion on a CCRC campus, and one with entrance fees? Not often enough. That didn’t stop Three Pillars Senior Living Communities and Cain Brothers from putting together a plan that may... Read More »

  • Quarterly Investor Call #1

    by | Apr 19, 2024 5:31 pm | Opinion

    Skip the in-person conference, and get the latest senior care M&A and valuations data, market analysis and case studies on notable deals by watching The SeniorCare Investor’s first ever Quarterly Investor Call. Read More »

  • Pacifica Companies Acquires National Portfolio

    by | Apr 19, 2024 3:20 pm | Acquisitions

    Pacifica Companies, LLC, a privately owned real estate private equity firm based in San Diego, California, acquired the majority of the not-for-profit Retirement Housing Foundations’ market-rate seniors housing and skilled nursing assets. Ziegler served as exclusive sell-side advisor to RHF on the transaction, which closed in phases... Read More »

  • Owner/Operator Chooses Refinance Over Sale

    by | Apr 19, 2024 3:19 pm | Financings

    A national owner/operator faced with an underperforming seniors housing property in Missouri and maturing debt on the property secured a refinance thanks to JD Stettin of Carnegie Capital. The borrower, which has over 30 properties in its portfolio, acquired the 45-unit assisted living community in late 2017.  Occupancy and cash flow... Read More »
Confluent Senior Living Sells, and Grows

Confluent Senior Living Sells, and Grows

by | Dec 18, 2019 4:19 pm | Acquisitions, Developments

Confluent Senior Living announced the sale of three of its senior living communities in Iowa, Oregon and New Mexico, hiring CBRE to close the deal. All three communities were, and will continue to be, operated by MorningStar Senior Living. The West Des Moines, Iowa property opened in March 2018 with 85 assisted living and memory care units, and the Beaverton, Oregon (Portland MSA) property opened later that year in November with 104 AL and MC units. In January 2019, the Santa Fe, New Mexico community was completed with 85 AL/MC units. All three were still in lease-up, but with no change in operator, that should continue unabated. Just last month, Confluent also sold its 66-unit assisted... Read More »
CBRE’s Recent Deal Haul

CBRE’s Recent Deal Haul

by | Dec 10, 2019 3:27 pm | Acquisitions

CBRE had quite the month in November, with its National Senior Housing team announcing four separate sales totaling about $400 million, and its Senior Housing Debt and Structured Finance team closing over $215 million in debt in November. Aron Will and Austin Sacco facilitated the debt transactions, while Lisa Widmier represented the three different sellers in the four transactions. The acquisitions involved eight properties in five states, with more than 960 units comprising independent living, assisted living and memory care services. They sold for an average price per unit of about $411,000. All of the properties, except for one, were in different stages of initial lease-up, making that... Read More »
Christian Living Communities Adds to Colorado Portfolio

Christian Living Communities Adds to Colorado Portfolio

by | Nov 15, 2019 3:47 pm | Acquisitions

Christian Living Communities, a Denver-based not-for-profit owner/operator of senior living communities across the country, added a 26th property to its portfolio. Located in Grand Junction, Colorado (just east of the Utah border), the community features 40 assisted living and 26 memory care units. Assisted living rents range from $4,450 a month for a studio to nearly $6,600 per month for a two-bedroom unit, while monthly memory care rates started at $6,620 and went as high as $7,030. Additional care fees can also add $535 to $1,535 a month to the bill. That’s a pretty high price point for the area. Confluent Senior Living developed the property in 2017 at a cost around $12.5 million, or... Read More »