Tuesday, September 9, 2025
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AcquisitionsFrom The MagazineInvestment

Pandemic Shakes Up Acquisitions Landscape

by Jeff Shaw

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.  With the occupancy rate at private-pay seniors housing falling to a record-low 80.7 percent in the fourth quarter of 2020, according to the National Investment Center for Seniors Housing & Care, the question that quickly arose in the marketplace was whether it was better to sell off properties, buy assets …

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Industry VoicesInvestmentLegal Issues

Private Equity Faces Challenges and Opportunities Amid COVID-19

by Jeff Shaw

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, private buyers, including private equity, have consistently provided the greatest investment in the seniors housing industry, outpacing public, institutional and cross-border investment and averaging $1.5 billion per quarter. The outlook early this year was bright for private equity investment generally. With investors seeking higher returns, private equity funds going into …

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InvestmentNewsPeople

Grandbridbge Hires David Rothschild, Mary Christian to Lead West Coast Investment Sales Team

by Jeff Shaw

SAN DIEGO —Grandbridge Real Estate Capital has hired David Rothschild and Mary Christian to lead the company’s new West Coast investment sales team based in San Diego. Both previously with Cushman & Wakefield, Rothschild and Christian focus solely on senior living transactions and have represented sellers of senior living properties across the United States, Canada and the U.K. since 1986. As the leader of the San Diego team, Rothschild oversees financial underwriting of seniors housing properties, targets qualified investors, presents marketing packages to investors, conducts negotiations and leads due diligence …

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Affordable HousingCaliforniaDevelopmentInvestmentNews

National CORE Receives $7.7M Funding for Affordable Housing Renovations in Cathedral City, California

by Jeff Shaw

CATHEDRAL CITY, Calif. — National Community Renaissance (National CORE) has received $7.7 million in funding for planned renovations to Cathedral Palms Senior Apartment Homes in Cathedral City, approximately 120 miles east of downtown Los Angeles. The property is one of the organization’s oldest affordable housing communities. Ever since acquiring this community in 1996, National CORE has been developing plans to revitalize the 1950s-era development. “This renovation has been in the works for years,” says Steve PonTell, National CORE’s president and CEO. Funding sources for the redevelopment include the State of …

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Industry ContentInvestmentOperationsVideosWebinars

Webinar: Is the Pandemic a Disruption or Start of a Fundamental Shift? Seniors Housing Market Valuation

by Sarah Daniels

In an Oct. 29 Seniors Housing Business webinar titled “Seniors Housing Market Valuation — Is the Pandemic a Disruption or Start of a Fundamental Shift?” panelists discussed where market valuations are headed, occupancy rates, and investor perceptions of the industry. What creates value, and what is the difference between a short-term disruption and long-term impact as it relates to COVID-19? See a list of some topics covered below: Managing uncertainty on an organizational level — operator & investor approaches Assessing value in the long term care industry Investment to support existing …

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DevelopmentFinanceIndustry ContentInvestmentOperationsVideosWebinars

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

by Sarah Daniels

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 challenges associated with leasing up properties in times of strained occupancy. Topics including managing pipelines, the availability of capital, the impact of COVID-19 on pro-forms and investment, plus changes to building design/refurbishing and repurposing projects.” Click to hear how industry leaders are focusing on seniors housing products and new operating realities. …

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FloridaInvestmentNews

Capital Square Invests in 55+ Manufactured Housing Community in Coastal Florida

by Jeff Shaw

PORT CHAROLOTTE, Fla. — Capital Square, a national investment sponsor specializing in tax-advantaged real estate offerings, has invested an undisclosed amount in Harbor View, an age-restricted manufactured housing community on the Peace River waterfront in Port Charlotte. “There is a scarcity of manufactured housing communities in Florida, creating an imbalance of supply and demand,” says Louis Rogers, founder and chief executive officer of Capital Square. “The community presents a value-add opportunity, with 38 vacant home sites out of 147 total home sites, and average home site rent of only $448, …

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Affordable HousingInvestmentNews

WNC Closes $153M Institutional Tax Credit Fund to Build, Rehabilitate 1,600 Affordable Units

by Jeff Shaw

IRVINE, Calif. — WNC, a provider of affordable housing investment, asset management and development services based in Irvine, has closed WNC Institutional Tax Credit Fund 49 LP (WNC Fund 49). The fund raised $153 million in institutional Low-Income Housing Tax Credit (LIHTC) equity that will be used to develop and renovate more than 1,600 affordable housing units. A total of nine investors participated in WNC Fund 49, which will develop and renovate units for families and seniors at 21 properties in Alaska, Arkansas, California, Louisiana, Massachusetts, Michigan, Maine, North Dakota, …

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Industry ContentInvestmentVideosWebinars

Webinar: Market Valuation — How are Seniors Housing Valuations Weathering the Pandemic?

by Sarah Daniels

Last week Seniors Housing Business hosted a webinar entitled “Market Valuation — How are Seniors Housing Valuations Weathering the Pandemic?” where five industry experts discussed cap rates, equity activity and debt availability in today’s market. What can seniors housing investors and developers expect to see in the coming months? Hear industry professionals weigh in on what COVID-19 means for valuations. See a list of some of the topics covered and their timestamps below: (08:18)  What sources of lending and equity have been most sincerely disrupted? (13:19) Permanent changes in costs (14:22) FHA and HUD …

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Affordable HousingInvestmentKansasNews

Boston Capital Invests in 24-Unit Affordable Expansion Near Wichita

by Jeff Shaw

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 be located adjacent to Homestead Senior Living Mulvane Phase I, a 40-unit development built in 2012. The amount of Boston Capital’s investment was not disclosed. LK Architecture LLC designed the community, which will be restricted to residents 62 or older earing up to 80 percent of the area median income …

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