COPPERAS COVE, HARKER HEIGHTS and KILLEEN, TEXAS — KeyBank Real Estate Capital has arranged a total of $26.7 million in FHA financing for a three-property, long-term care portfolio in Texas. Two of the properties are skilled nursing facilities and one is a combination skilled nursing and assisted living facility.
News
BRIDGEWATER, N.J. — The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) have recognized Avalon Assisted Living at Bridgewater with a National Quality Award. The assisted living facility is one of only four NCAL members in the country to receive the award.
HUNT VALLEY, Md. — Omega Healthcare Investors Inc. (NYSE:OHI) has priced a private offering of $700 million aggregate principal amount of 4.50 percent senior notes due 2027 at 98.546 percent of face value. The offering is expected to close on March 18, subject to customary closing conditions.
By Nellie Day Technological advancements in healthcare and daily living are having a profound impact on the seniors housing industry but not without some growing pains, panelists asserted at InterFace’s Seniors Housing West conference, held Feb. 26 at the Omni Hotel in Los Angeles.
CHICAGO — Ventas Inc. (NYSE: VTR), a leading real estate investment trust (REIT) with 1,600 seniors housing communities and other medical facilities in the United States, Canada and United Kingdom, has hired Timothy Sanders as a senior investment officer and promoted three of its existing employees.
LAKEWOOD, Colo. — Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and private real estate investors, has brokered the sale of Bethany Rehabilitation Center, a skilled nursing and short-term rehabilitation facility in Lakewood. The $17.95 million sales price equates to $105,600 per licensed bed
FT. LAUDERDALE, Fla. — Glavovic Studio, a Fort Lauderdale-based architecture, urban design and planning firm, is nearing completion of renovating the Sailboat Bend Apartments, a seven-story, 105-unit affordable housing community for seniors in downtown Fort Lauderdale.
Irving Levin Associates: Assisted Living and Skilled Nursing Facility Prices Hit New Record
by Jeff Shaw
NORWALK, Conn. — A combination of growing investment demand, abundant capital and low interest rates resulted in many records set in the seniors housing and care acquisition market in 2014, according to a soon-to-be-published study from Irving Levin Associates.