What Is a Seniors Housing Fund?
A seniors housing fund, also known as a senior housing fund or senior living fund, is an investment vehicle dedicated to or focused on the seniors housing sector. As a growing asset class in commercial real estate, a fund provides opportunities to invest in senior living and seniors housing properties without having to own or manage those properties.
Wilshire Finance Partners (WFP) has several ways individuals can become involved in seniors housing, from more passive investments through the WFP Income Fund, or the WFP Opportunity Fund, to more active investments through direct limited partner and other investments in specific senior living facilities.
Types of Funds
The WFP Income Fund is a short-term private credit fixed-income investment that seeks to provide stable income and principal protection to its investors primarily through the Income Fund’s investments in first trust deeds and mortgages secured by seniors housing, healthcare, multifamily, and commercial real estate.
The WFP Opportunity Fund seeks to provide attractive risk-adjusted returns to its investors through debt and equity investments in real estate within the United States. Underlying investments in the Opportunity Fund will include, without limitation, direct and indirect equity investments, joint ventures, deeds of trust and mortgages, participating loans, and other real estate related investments.
Investment Criteria and Factors
Wilshire’s team carefully evaluates investment opportunities through the WFP Income Fund and WFP Opportunity Fund. Specifically, our team looks to invest $1,000,000 - $10,000,000 in value-add acquisitions and refinances that create greater investment opportunity at a lower cost basis, finance senior living facilities that serve lower- to lower-middle income seniors to fill a need in the seniors housing market, and foster relationships directly with regional owners and operators who have a passion for serving seniors and a clear understanding of their facility(s) and local market.
With our deep knowledge in the seniors housing sector and cross-industry expertise in banking, real estate law, and investment management, our WFP Income Fund has delivered a stable net asset value (NAV) since inception, higher-risk adjusted returns, and greater diversification through our investments in first trust deeds and mortgages secured by seniors housing real estate. Further, our WFP Opportunity Fund has provided investors with access to investments in Senior Housing Facilities that can provide equity-like returns.1
Accredited investors are invited to learn more about Wilshire’s private credit investment opportunities in seniors housing. Request our WFP Income Fund Investor Kit and our WFP Opportunity Fund Investor Kit for additional information.
1 Past performance is not indicative of future result.
Benefits of Senior Housing
Seniors housing is a unique blend of real estate, and healthcare, and the benefits to supporting and lending in this asset class are innumerable. Not only will demand for services and housing continue, so will economic opportunities created by the sector. Everyone wants to see their loved ones thrive and be cared for in their later years of life. At Wilshire, supporting these efforts to create housing opportunities, quality care, and more choices for aging seniors is not only a sound investment, but it directly and indirectly benefits Seniors.
Lending Criteria and Factors
Our lending program focuses on the following types of lending opportunities and properties:
- Strategic, Opportunistic & Value-Add Acquisitions
- Capital Improvements
- Acuity Level Transitions
- Special Situation Lending
- Assisted Living/Memory Care
- Independent Living
- Continuing Care Retirement Communities / Life Plan Communities
Learn more about Wilshire’s senior housing and senior living lending program here.
From opportunistic acquisitions to acuity level transitions, there are ample ways for owners and operators to pair their vision with Wilshire Finance Partners’ financing solutions, funding a path forward that creates enhanced revenue to benefit residents, employees, and the greater community.
If you’re considering a strategic acquisition of a senior apartment community or a repositioning of an assisted living facility, explore some of our recent case studies to see how Wilshire Finance Partners has helped other owners and operators do just that.
Investments that fund the path forward today. Contact us to learn how.