The resilience of independent living during Covid-19, coupled with a stronger-than-expected market for residential home sales, will contribute to a stable outlook for life plan…
Posts published in “Fitch Ratings”
Transactions & Financings: Ziegler’s $184M Financing Deal Volume, Commonwealth Senior Living Acquires Virginia Community
By The Citizen on November 24, 2020
Sales and operator transitions Commonwealth Senior Living acquires Virginia assisted living facility Commonwealth Senior Living acquired Cedar Manor Assisted Living, an assisted living facility in…
Transactions & Financings: AccentCare, Seasons Hospice Merging; Ziegler’s $42M Financing Package
By The Citizen on November 16, 2020
Affiliations AccentCare, Seasons Hospice to Merge AccentCare Inc. and Seasons Hospice announced a merger, Senior Housing News sister publication Home Health Care News reports. The…
Transactions & Financings: Ziegler Closes on $125M HumanGood Package; Diversified Completes $53M Sale
By The Citizen on November 4, 2020
Sales and operator transitions Diversified Healthcare Trust completes 4-property, $53M sale Diversified Healthcare Trust (Nasdaq: DHC) completed a previously announced sale of four properties for…
Transactions & Financings: Columbia Pacific’s $136M India JV; CBRE Arranges $40M Financing Package
By The Citizen on October 21, 2020
Columbia Pacific, Embassy Group to invest $136M in India Columbia Pacific Communities is partnering with Indian real estate developer, Embassy Group, to develop a pipeline…
Transactions & Financings: Maxwell Group’s $37M Financing; 2 New York Assisted Living Communities Trade Hands
By The Citizen on September 15, 2020
Masterpiece Living and 3 AgeWell Living communities form strategic partnership Masterpiece Living partnered with three communities operated by AgeWell Living: The Crossings at Eastchase in…
5 Top Concerns for Senior Living This Fall
By The Citizen on September 7, 2020
One thing is certain as the coronavirus pandemic enters its sixth month in the U.S.: Covid-19 is not going away. “We are going to have…
Transactions & Financings: Brookdale Closes $250M Credit Facility; Lancaster Pollard’s $58M Deal Volume
By The Citizen on September 2, 2020
Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving…
Life Plan Communities Seek Stability Amid Covid-19 Pressures
By The Citizen on September 1, 2020
Many non-profit life plan communities in the U.S. withstood early Covid-19 pressure and are now seeking stability in these new and uncertain times. That is…
Transactions & Financings: Brookdale’s $1B Mixed Shelf Filing; Fitch Revises Outlooks on 3 CCRCs
By The Citizen on August 13, 2020
Fitch Ratings revises outlooks on 3 CCRCs Fitch ratings announced ratings outlooks updates on the following continuing care retirement communities: The ratings agency placed the…
Transactions & Financings: Ensign Group Acquires Arizona Campus; Acts Sells Maryland Assisted Living Facility
By The Citizen on August 4, 2020
Love Funding closes $16M in HUD financing Love Funding partnered with the Department of Housing and Urban Development (HUD) on two senior housing financing packages…
Transactions & Financings: Ziegler’s $240M Financing Deal Volume; Inspīr Carnegie Hill-Forbes Travel Guide Partnership
By The Citizen on July 22, 2020
Ziegler completes 3 transactions totaling $240M Ziegler completed the following transactions: A Series 2020 Bond package totaling $199.4 million for Acts Life-Retirement Communities, consisting of…
Transactions & Financings: ‘Big 3’ REITs in Fed’s Bond Buying Program; Ziegler’s $278M Deal Volume
By The Citizen on July 8, 2020
Federal Reserve’s bond-buying program includes Welltower, Ventas, Healthpeak Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Healthpeak Properties (NYSE: PEAK) are among the real estate investment…
Transactions & Financings: Healthpeak’s $600M Senior Note Offering; Resort Lifestyle Communities $36M Construction Loan
By The Citizen on June 11, 2020
Healthpeak Prices $600M in Unsecured Senior Notes Healthpeak Properties (NYSE: PEAK) announced a public offering of $600 million aggregate principal amount of 2.875% senior unsecured…
Senior Living Could Undergo Painfully Slow, Up-and-Down Covid-19 Recovery
By The Citizen on May 20, 2020
When the coronavirus pandemic first hit the United States, it inflicted swift and dramatic damage on the U.S. economy as a whole and the senior…
Life Plan Communities Face Risks After Withstanding Early Covid-19 Pressures
By The Citizen on May 12, 2020
Nonprofit life plan communities — particularly those with stronger credit ratings — have done an effective job of keeping Covid-19 at bay and are withstanding…
Residential Real Estate Values Complicate Life Plan Communities’ Stable Outlook
By The Citizen on December 11, 2019
Non-profit life plan communities can expect another year of stability in 2020, but there are some factors that could complicate the landscape in the future.…
CCRC Margins Decline, Long-Term Outlook Remains Stable
By The Citizen on September 19, 2019
Liquidity metrics and net operating margins at U.S. continuing care retirement communities dipped in 2018, driven by an increase in capital spending and a volatile…