Capital sources continue to put money into seniors housing, but have strengthened underwriting and encourage developers/operators to be more conservative on their assumptions.
Life plan residents report healthier, happier lives in almost every aspect.
What innovative financing methods will help fund the developments and acquisitions of the future?
Operators with a strong company culture stand a better chance of retaining employees, say capital providers.
Mezzanine debt market expands as permanent lenders pull back, but this financing vehicle can be pricey.
LOS ANGELES and OAKLAND — SunTrust Banks Inc. (NYSE: STI) has provided $69.5 million in financing to support Watermark Retirement Communities and Kayne Anderson’s acquisition of three senior living communities in California.
GREENVILLE, S.C. — Cardinal Ventures Inc., together with Blake Management Group, has unveiled plans for The Blake at Hollingsworth Park, a resort-style senior living community in Greenville.
COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 150-bed skilled nursing facility in the Columbus suburbs.
KANSAS CITY, Mo. — Tutera Senior Living & Health Care will open the first units at its newest Tutera Senior Living & Health Care location starting in June. The property is in the Tiffany Springs neighborhood of Kansas City.
COLORADO SPRINGS and CENTENNIAL, Colo. — Walker & Dunlop has structured $52 million in financing to refinance three seniors housing properties totaling 196 units in Colorado Springs and Centennial.