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Senior Living Facilities Draw More Men
Aug. 18, 2008
Senior living communities, traditionally home to populations of predominantly female residents, are now experiencing significant growth of their male populace. The trend is particularly prevalent at independent living facilities--be they dedicated independent living properties or housing units within continuing care retirement communities.
HCP Wraps Up $500M Offering
Aug. 13, 2008
Long Beach-headquartered HCP Inc. has just concluded its offering of 14.95 million shares of common stock, which, at a price of $33.50 per share, yielded the healthcare REIT an aggregate $500 million. The company originally priced the offering of just 13 million shares on August 6 with hopes of taking in $435 million. HCP plans to use the proceeds from the offering to repay part of its outstanding debut under a bridge loan facility. In other recent financial transactions, in late May, the company placed $259 million of secured debt on 21 of its nearly 300 senior housing properties. The debt, featuring a seven-year term with a fixed interest rate of 5.83 percent, was provided by Grandbridge Real Estate Capital L.L.C. and purchased by Fannie Mae.
Life Sciences Trends Point to Continued RE Demand
Aug. 12, 2008
The life sciences industry's real estate needs in the nine key U.S. markets continue as soaring construction costs hinder the upgrading of existing office space, international players compete for the limited pool of high-end accommodations and businesses increase reliance on outside real estate services providers, according to a new report by CB Richard Ellis Inc.
Warren, Mitchell LaSalle, Constant Care Look to New Leadership for Growth Initiative
Aug. 12, 2008
Assisted living developer the LaSalle Group and management firm Constant Care Management Co. have made changes to their corporate structure in an initiative to spearhead growth. Mitchell Warren has taken over as president of LaSalle and is now overseeing continued expansion plans for the company and complete asset management. Warren was formerly vice president of development for LaSalle, and led the company’s expansion plans through the Dallas Fort Worth area and Chicago, with responsibilities ranging from new business to new residence planning and development.
Hospitality Design Group Enters Luxury Senior Living Market with 410-Unit Resort-Style Project
Aug. 06, 2008
Los Angeles-based Cheryl Rowley Design, a 20-year-old hospitality design group, is venturing into the luxury senior living market, with Maravilla, a 410-unit resort-style senior living facility in Scottsdale, Ariz.
Emeritus Nets $163M in Loans for Seniors Housing Buy
Aug. 06, 2008
KeyBank Real Estate Capital has secured $163 million in loans to finance the purchase of 19 senior housing properties nationwide. The package will finance Emeritus Senior Living’s purchase of the 19 properties, which range in individual price from $2.9 million to $14.7 million. Upon the completion of the purchases, Emeritus will serve as proprietor of the sites, which are located natonwide.
Emeritus Nabs 5 Assisted Living Communities
Aug. 04, 2008
Seattle-based Emeritus Corp. has agreed to purchase five assisted living communities, all currently leased to the company, for $62.5 million, plus estimated closing costs of $2.8 million. Located in Ohio, Florida, California and Michigan, the five communities comprise 432 units.
Inland Takes $100M Interest in Wakefield 
July 10, 2008
Seeking capital to pursue healthcare real estate opportunities, NorthStar Realty Finance Corp. said today its healthcare real estate venture, Wakefield Capital L.L.C., sold $100 million in convertible preferred equity interest to Inland American Real Estate Trust Inc.
Fannie Mae Bolsters M-F Investment
July 09, 2008
Fannie Mae will expand liquidity, stability and affordability by increasing its participation in key segments of the multifamily market, the company said today. The firm invested $20 billion in multifamily housing in the first half of 2008.
American Land Announces Review of Strategic Alternatives
July 08, 2008
American Land Lease Inc. said today that its Board of Directors is considering a broad range of strategic alternatives to enhance shareholder value.
Grubb & Ellis Healthcare REIT Takes 8 Properties
July 07, 2008
Grubb & Ellis Healthcare REIT Inc. has acquired eight properties in three separate deals.
Pair of Senior Housing Deals Total $122M
July 02, 2008
Senior citizens naturally tend to slow down, but two new deals are further evidence that the senior housing sector is as active as ever.
Marsh’s Edge Sells for $56M in Georgia
July 01, 2008
Coastal Community Retirement Corp. sold Marsh’s Edge, the Entrance Fee Continuing Care Retirement Community located in St. Simons Island, Ga.
DC Officials Plan TIF Package for $260M Mixed-Use Project
June 27, 2008
Roadside Development, the company behind the planned CityMarket at O mixed-use redevelopment endeavor, is on track to get a helping hand from the District of Columbia for the funding of the $260 million project.
KeyBank Closes 3 Loans for $25M for Assisted Living Communities
June 26, 2008
KeyBank Real Estate Capital closed three loans totaling $25 million for Emeritus Senior Living.
Freddie Mac Buys $140M in Seniors Housing Mortgages
June 20, 2008
Freddie Mac has announced the purchase of a $140 million pool of mortgages from Capmark Finance Inc.
48-Acre Land Purchase Paves Way for New CCRC Near Charlotte
June 19, 2008
Laying the groundwork for a new continuing care retirement community in Matthews, N.C., ACTS Retirement-Life Communities has entered into a purchase agreement with a local family to acquire a 48-acre parcel less than 15 miles from Charlotte.
Grandbridge Provides $350M Fannie Mae Credit Facility for Seniors Housing Complex
June 18, 2008
Grandbridge Real Estate Capital L.L.C. has closed on a Fannie Mae credit facility worth up to $350 million for one of a real estate investment trust, whose name was not disclosed.
Boston Capital Invests in New Jersey Seniors Housing Development
June 16, 2008
Boston Capital invested more than $8 million in equity financing in Heritage Village at Lawrence Apartments, a to-be-built, 64-unit multifamily development for seniors in Lawrence, N.J.
Formation Capital to Buy Bankrupt Haven Healthcare's Facilities for $84M
June 13, 2008
Formation Capital L.L.C. has signed an agreement to acquire bankrupt Haven Healthcare's portfolio of 24 facilities for an aggregate $84 million.
Emeritus Makes Agreement to Purchase Communities for $300M
June 10, 2008
Assisted-living firm Emeritus Corp. has entered into an agreement to purchase 29 communities currently leased by the company for $300 million, excluding transaction costs.
Senior Housing Announces Underwriters’ Exercise of Over-Allotment Option
June 06, 2008
Senior Housing Properties Trust said today the underwriters of its recent equity offering have exercised their over-allotment option in full to purchase 2,550,000 additional common shares of beneficial interest.
Senior Housing Properties Trust Prices Common Shares
June 04, 2008
Senior Housing Properties Trust has priced a public offering of 17,000,000 common shares of beneficial interest at a price of $21 per share.
Skanska to Build Virginia Hospital
May 30, 2008
Skanska has been awarded the construct management contract for a hospital in Roanoke, Va.
collins JLL, RICS Reports Note Decline in Global Investment Volumes, Tenant Demand
May 30, 2008
After a record 2007, global investment market volumes are expected to be down more than 30 percent over this year, while tenant demand for global property has turned negative for the first time in four years and interest in emerging markets is beginning to decline, Jones Lang LaSalle Inc. and Royal Institute of Chartered Surveyors reports have found.
 

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REal Talk with Adam Perrotta-Tuesday
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