Oxford Living Acquires Another Ontario Portfolio

Institutional investment and development firm Oxford Capital Group, together with its joint venture partner, has made a large investment in the Canadian seniors housing sector, acquiring a portfolio of six private pay communities located throughout Ontario. These communities provide both independent living and supportive living services throughout the 645 total units. They are located in […]

Brookfield Bets Big on Australian Seniors Housing Market

Looking outside of the U.S. seniors housing market, it’s obvious that the sector is a popular target in markets around the world. Just look at Ventas’ doubling down on the Canadian seniors housing market with its C$2.4 billion portfolio acquisition of 31 retirement communities in Quebec earlier this summer, nearly doubling its portfolio from 41 […]

Ventas Doubles Down on Canadian Seniors Housing Market

The Big-3 REITs are back as buyers, with Ventas making the biggest splash of them all by acquiring 31 senior living communities in Quebec for approximately C$2.4 billion, or US$1.8 billion. Made in an 85/15% partnership with the in-place operator, Le Groupe Maurice, the acquisition is expected to generate compound annual NOI growth of 4% […]

60 Seconds with Steve
60 Seconds with Steve

Elmcroft Senior Living Portfolio Completes Transition

Ventas has officially transitioned management of its Elmcroft portfolio to newly-formed Eclipse Senior Living. It is now official. The operations of the Elmcroft Senior Living portfolio of 76 properties, with the real estate owned by Ventas, has officially been transferred to Kai Hsiao’s new company, Eclipse Senior Living. Ventas has acquitted a 34% interest in Eclipse, with the […]

Legacy Tenant Capital Structures Create REIT Turmoil

It all started when HCP, Inc. completed a series of rent negotiations with HCR ManorCare, but to no avail. It just wasn’t enough for a long-term solution, and they ended up spinning the HCRMC portfolio into a new entity (Quality Care Properties) that was supposed to be a REIT but may end up not being […]

Good News from Brookdale and Capital Senior Living

Finally, we have had some good news from the two largest publicly traded senior living companies, Brookdale Senior Living and Capital Senior Living. Let’s just say, it has been a long time coming. Capital Senior Living reported a sequential increase in occupancy of 30 basis points in the third quarter, an increase that was continuing […]