After buying more than 27,000 units of seniors housing in the U.S. over the last five years, Health Care REIT is diving into the Canadian market with a deal valued at nearly $1 billion.
Seniors housing owners looking to refinance their properties this year will find money available, though lenders are cautious and still have fairly strict underwriting standards.
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?