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Expectations for Senior-Housing Finance

SAN DIEGO—While we may not be able to predict how much runway is left in the current cycle, judicious development and financing trends bode well for this sector for the long term, KeyBank’s Brian Heagler tells GlobeSt.com EXCLUSIVELY.

Brian Heagler Heagler: “The one new trend that continues to be underway, which we’ve seen over the past couple of years, is new people coming into the market—new developers and investors, including private equity.”

SAN DIEGO—While we may not be able to predict how much runway is left in the current cycle, judicious development and financing trends bode well for the senior-housing sector for the long term, KeyBank Real Estate Capital SVP Brian Heagler tells GlobeSt.com. The firm provides a broad range of financing solutions on both a corporate and project basis in a variety of product sectors and recently secured a total of $103 million in non-recourse, first mortgage loans for Mira Mesa Marketplace, a San Diego retail center. While an executive was not available to discuss the San Diego retail sector with GlobeSt.com, we sat down with Heagler for an exclusive chat about another West Coast property sector for which the company has been active in securing financing: the senior-housing sector.

GlobeSt.com: What trends are you noticing within the senior-housing sector in the Western region?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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