Locust Point Capital Closes $428M Seniors Housing Debt Fund

RED BANK, N.J. — Locust Point Capital has closed Locust Point Seniors Housing Debt Fund II, the firm’s second fund focused on its direct lending strategy to the seniors housing and care sector. The Red Bank-based firm launched its $312

Lloyd Jones Appoints Andy Carroll as Chief Investment Officer

MIAMI — Lloyd Jones LLC, a Miami-based private equity firm, has named Andy Carroll chief investment officer to guide the firm’s multifamily and seniors housing investment strategies. Carroll is the former director of investments for American House Senior Living, one

Is Now a Good Time to Invest in Senior Living?

Sector has proven to be more resilient than others during the pandemic. By Dale Watchowski In 2020, the U.S. economy contracted dramatically due to the COVID-19 pandemic, with many industries negatively impacted, including senior living. However, few real estate sectors

Pandemic Shakes Up Acquisitions Landscape

REITs sell off portfolios while other investors pursue distressed assets amid record-low occupancy. By Jeff Shaw When the COVID-19 outbreak hit the U.S. with full force last March, investors in the seniors housing sector had some difficult decisions to make. 

Private Equity Faces Challenges and Opportunities Amid COVID-19

By Michael Okaty and Mark Scimeca, Foley & Lardner The private equity investment landscape for seniors housing has, like so many things this year, been profoundly disrupted by the ongoing COVID-19 pandemic. From 2016 through the third quarter of 2019,

 

Webinar: Seniors Housing Development Pushes Forward: Hear From Operators with Projects and Pipelines in Place

Last week Seniors Housing Business hosted a webinar entitled Seniors Housing Development Pushes Forward Hear From Operators with Projects and Pipelines in Place  where experts panelists discussed how industry leaders are forging ahead with new ground-up construction projects as well as the

Boston Capital Invests in 24-Unit Affordable Expansion Near Wichita

MULVANE, Kan. — Boston Capital has invested in the development of Homestead Senior Residences Mulvane II, a 24-unit affordable seniors housing community in Mulvane, approximately 16 miles southwest of Wichita. The general partner is Homestead Affordable Housing. The property will

Pandemic Forces Buyers, Sellers To the Sidelines

Softening real estate fundamentals combined with facility lockdowns stymie deals. By Matt Valley The longer the COVID-19 pandemic goes, the bigger the toll will be on investment sales activity, say commercial real estate finance professionals. PGIM Real Estate early this

CareTrust Reports 99.7 Percent Rent Collection in May

SAN CLEMENTE, Calif. — Despite the struggles caused by the COVID-19 pandemic, CareTrust REIT (NASDAQ: CTRE) reports that it still received 99.7 percent of rents in May. The San Clemente-based REIT invests in seniors housing, with a portfolio of 212

REIT Roundup: New Senior, NHI Rents Continue to Flow in Face of Pandemic

NEW YORK CITY and MURFREESBORO, Tenn. — Two of the larger REITs in seniors housing, New York-based New Senior Investment Group and Murfreesboro-based National Health Investors, released first-quarter reports showing continued profitability despite the ongoing struggles due to the COVID-19

Ventas Q1 Report: Coronavirus Update, Holiday Restructuring

CHICAGO — Ventas Inc. (NYSE: VTR) released its quarterly report last week, combining an update on its handling of the COVID-19 pandemic with an announcement about restructuring its agreements with one of its main seniors housing tenants. The Chicago-based REIT

Harbert Management Closes $510M Seniors Housing Investment Fund

BIRMINGHAM, Ala. — Harbert Management Corp. (HMC), a Birmingham-based investment company, has closed Harbert Seniors Housing Fund II with total equity commitments of $510 million. HMC plans to invest the money into seniors housing throughout the United States. Investors are

REIT Roundup: Healthpeak, Omega, LTC Release Q1 Results

HUNT VALLEY, Md., IRVINE, Calif., and WESTLAKE VILLAGE, Calif. — The first results have started to come in for publicly traded companies during first-quarter 2020, with REITs Omega Healthcare Investors (NYSE: OHI), Healthpeak (NYSE: PEAK) and LTC Properties Inc. (NYSE:

Seniors Housing Goes Into Capital Preservation Mode

COVID-19 outbreak slows transactions, forces companies to take defensive posture. By Matt Valley The stabilization of the U.S. economy and its pace of recovery is inextricably linked to the speed at which the spread of the COVID-19 pandemic can be contained,

Foreign Investors Play the Long Game

Overseas buyers take an increasingly measured approach to U.S. seniors housing industry by cultivating partnerships with seasoned operators. By Jane Adler  Cautious. Selective. Patient. These three words characterize today’s overseas capital sources seeking investments in U.S. seniors housing and skilled