• Omega Invests in Saber Healthcare Joint Venture

    Omega Healthcare Investors released its third quarter earnings and made some news when it disclosed the acquisition of a 49% equity interest in a joint venture with Saber Healthcare. The JV will own and lease 64 skilled nursing facilities that were previously wholly owned by affiliates of Saber, which will retain a 51% equity interest in the JV... Read More »
  • Health Systems as Sellers in Three Transactions

    Cain Brothers advised on a trio of senior care transactions involving health systems as sellers, which could be a growing trend, particularly among any resource-constrained systems. Conversely, other systems may see the need to own skilled nursing beds in the future in order to control the transfer of their post-acute patients to SNFs and free up... Read More »
  • Large Ohio Operator Takes on Vacant SNF Beds

    Senwell Senior Investment Advisors facilitated the sale of 26 skilled nursing beds from a facility in Ohio and coordinated the repurposing of the real estate for future behavioral health services. The owners made the decision to close the facility after determining that the small size of the building prevented it from achieving the operational... Read More »
  • Not-For-Profits Secure Bond Financings

    Ziegler announced the successful pricing of $34.0 million Series 2025 bonds for The Chapel Hill Residential Retirement Center, Inc. d/b/a Carol Woods. Carol Woods is a North Carolina not-for-profit organization incorporated in July 1972 by a group of local citizens to develop, own and operate a CCRC in Chapel Hill, North Carolina. Currently,... Read More »
  • Ventas Posts Healthy Q3 With Robust Acquisition Activity

    Among the earnings results trickling out this month, it will be impossible to overshadow Welltower’s announcement with $14 billion in new investment activity and another great quarter of seniors housing operating portfolio (SHOP) performance improvements. But Ventas reported healthy results, too, and some significant acquisition volume.  Ventas... Read More »
Dubai-Based Private Equity Invests in U.S. Seniors Housing

Dubai-Based Private Equity Invests in U.S. Seniors Housing

A Dubai-based private equity firm jumped into the senior living market in a big way, acquiring a group of six properties for a total purchase price over $180 million. GFH Capital, a subsidiary of GFH Financial Group, will own 91% of the portfolio, while a Washington, D.C.-based real estate investment firm, Madison Marquette, is acquiring another 6%. Two of the three operating partners GFH has selected to manage the communities, JEA Senior Living, Senior Resource Group and Independence Village, have also each co-invested in their respective properties. The acquired portfolio is geographically spread out in California, Washington and Michigan, and is currently 93% occupied, on average,... Read More »