WASHINGTON, D.C. — An age wave is coming that will be the most extraordinary demographic disruption in history, and one which will create both winners and losers in the seniors housing space, predicts Ken Dychtwald, a noted psychologist, gerontologist and author.
FORT WORTH, TEXAS AND SAN FRANCISCO — Enlivant, an owner and operator of senior living communities, and global investment firm TPG have purchased 48 seniors housing communities in 14 states from several unrelated organizations. The sales price was not disclosed.
ORLANDO, Fla. — KeyBank Real Estate Capital has provided $116.6 million in loans to Sentio Healthcare Properties, a REIT based in Orlando. Sentio will use the money to recapitalize its portfolio of eight seniors housing properties throughout the United States.
BATAVIA, Ill. — Covenant Retirement Communities is renovating and expanding Harry Ekstam Assisted Living, the assisted living and memory care wing of The Holmstad, a continuing care retirement community (CCRC) in Batavia, 40 miles west of Chicago.
SANTEE, Calif. — CBRE Capital Markets’ Debt & Structured Finance team has arranged a $24.9 million loan for The Grant Companies to refinance of The Pointe at Lantern Crest, a seniors housing community in the San Diego suburb of Santee.
BETHLEHEM, Pa. — Presbyterian Senior Living has completed a 36-unit, $16.5 million independent living expansion at Kirkland Village, a continuing care retirement community (CCRC) in Bethlehem, approximately 60 miles north of Philadelphia.
GLENCROFT, Ariz. — Ziegler, a specialty investment bank, has arranged $20.5 million in non-rated, fixed-rate bonds for Glencroft Senior Living, a continuning care retirement community (CCRC) in Glendale.
METHUEN, Mass. — Tryko Partners has acquired Methuen Health & Rehabilitation Center for $7.5 million. Tryko immediately rebranded the facility as Cedar View Rehabilitation and Healthcare Center and launched a $2.5 million renovation plan.
LIBERTY, Mo. — Action Pact, Liberty Hospital and Healthy Living Centers of America, the developers of Norterre, have hired Melissa O’Hara as chief operating officer of the seniors housing community.
There is no magic bullet, but private insurers need to be part of the solution