Post-Acute & Senior Living

Post-Acute & Senior Living: Transforming Age acquires $138 million portfolio from JV that includes Harrison Street

Post-Acute & Senior Living: Transforming Age acquires $138 million portfolio from JV that includes Harrison Street

TWIN CITIES, Minn. – Bellevue, Wash.-based Transforming Age, formerly Presbyterian Retirement Communities Northwest, recently acquired an eight-property rental retirement portfolio with more than 1,000 units for $138 million.

The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood, replacing and rebranding the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at 345 E. Superior St. (Rendering courtesy of RIC)

Post-Acute & Senior Living: $550M rehab hospital set to open

Rebranded AgilityLab facility will replace the Rehabiltation Institute of Chicago By Murray W. Wolf The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood. The new facility will replace, rebrand and expand the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at 345 […]

Post-Acute & Senior Living: Global Medical lands year-end deal

Post-Acute & Senior Living: Global Medical lands year-end deal

Publicly traded REIT’s portfolio now has 31 properties and 666,000 square feet By John B. Mugford For Bethesda, Md. Global Medical REIT Inc. (NYSE: GMRE) the closing days of 2016 brought with it an end-of-the-year acquisition: three rehabilitation hospitals operated by Birmingham, Ala.-based HealthSouth Corp. (NYSE: HLS) for a total price of $68.1 million.

Post-Acute & Senior Living: Two-building assisted living complex in the heart of San Francisco changes hands

Post-Acute & Senior Living: Two-building assisted living complex in the heart of San Francisco changes hands

SAN FRANCISCO – Hayes Valley Senior Living, a two-building assisted living community just a few blocks from San Francisco City Hall, recently changed hands for $25 million, or $481,000 per unit.

The National Investment Center for Seniors Housing & Care (NIC), which tracks occupancy rates and other metrics for senior housing, says that the average third quarter occupancy rate of 89.8 percent equaled its three-year average rate. (Chart courtesy of NIC)

Post-Acute & Senior Living: Occupancy not so bad after all

NIC says senior housing sector looks to have stabilized, for now, despite fears By John B. Mugford Despite concerns about overbuilding and low occupancies, the senior housing market looks to be holding up rather well, especially the independent living sector, according to third quarter (Q3) 2016 data from Bethesda, Md.-based National Investment Center for Seniors […]

Post-Acute & Senior Living: Green Courte Partners targeting up to $1.5 billion of senior and other real estate with new fund

Post-Acute & Senior Living: Green Courte Partners targeting up to $1.5 billion of senior and other real estate with new fund

CHICAGO – Chicago-based Green Courte Partners LLC, a private equity investment firm targeting niche real estate sectors, announced Dec. 20 that it had closed on its fourth investment fund, Green Courte Real Estate Partners IV LLC.

Post-Acute & Senior Living: Potential $700 million deal with Ventas would enable Kindred to exit the SNF segment in 2017

Post-Acute & Senior Living: Potential $700 million deal with Ventas would enable Kindred to exit the SNF segment in 2017

CHICAGO – Chicago-based Ventas Inc. (NYSE: VTR) Ventas, Inc. announced Nov. 14 that it has reached “mutually beneficial agreements” with Kindred Healthcare Inc. (NYSE: KND), under which Kindred will acquire some or all 36 skilled nursing facilities (SNFs) it leases from Ventas.

Post-Acute & Senior Living: Global investment management firm acquires three U.S. senior communities for $110 million

Post-Acute & Senior Living: Global investment management firm acquires three U.S. senior communities for $110 million

ATLANTA – Arcapita, a global investment management firm with offices in Bahrain, Atlanta, London and Singapore, announced Nov. 22 that it has acquired a privately-held portfolio of three senior living communities in the Washington and Atlanta metro areas for a total of about $110 million.

Post-Acute & Senior Living: Toronto-based Mainstreet agrees to acquire memory care communities in Texas and Arkansas

Post-Acute & Senior Living: Toronto-based Mainstreet agrees to acquire memory care communities in Texas and Arkansas

TORONTO – Toronto-based Mainstreet Health Investments Inc. (TSX: HLP-U) announced Nov. 28 that it has agreed to acquire a portfolio of three memory care communities totaling 171 units for a total of $44.3 million.

News Release: Embree closes on the sale of three Memory Care America communities in Texas and Arkansas

News Release: Embree closes on the sale of three Memory Care America communities in Texas and Arkansas

SAN ANTONIO, TX | NEW BRAUNFELS, TX | LITTLE ROCK, AR Just Closed Embree Capital markets Group Inc. is pleased to announe the closing of three newly-built Memory Care Americas located in El San Antonio, Texas, New Braunfels, Texas & Little Rock, Arkansas. New 2016 Construction 15-Year Absolute NNN Leases 2.0% Annual Escalations 146,207 Total Sq. […]

The 178-unit Heartis MidCities senior community is underway in Bedford, Texas. (Rendering courtesy of Caddis)

News Release: Caddis breaks ground on Heartis MidCities, a senior living community

The national healthcare real estate firm is building an amenity-filled independent living, memory care and assisted living residence in Bedford DALLAS and FORT WORTH, Texas, Dec. 21, 2016 – Caddis is moving full speed ahead with its newest Heartis® senior living community in Texas – the 178,530 square foot Heartis MidCities in Bedford, about 14 […]

Heartis Fayetteville is scheduled to be completed in late 2017. (Rendering courtesy of Caddis)

News Release: Heartis breaks ground on its first senior housing community in Georgia

Caddis, a national healthcare real estate firm, plans to develop independent living, assisted living and memory care senior communities across the region FAYETTEVILLE, Ga., and DALLAS, Dec. 20, 2016 – As part of a major expansion into the Southeastern United States, Caddis, a national healthcare real estate firm headquartered in Dallas, recently broke ground on […]

The 89,000 square foot Select Medical Rehabilitation Facility is located in Marlton, N.J. (Photo courtesy of Carter Validus.)

News Release: Carter Validus acquires Select Medical Rehabilitation Facility for about $63.6 million

Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced its acquisition of the Select Medical Rehabilitation Facility for approximately $63.6 million PROPERTY FEATURES AND HIGHLIGHTS:  Three-story rehabilitation building located in Marlton, New Jersey built in 1995 89,000 total rentable square feet 100% net leased to Kessler Institute for Rehabilitation, Inc. (“Kessler”), a subsidiary […]

News Release: HCP Announces Results for Quarter Ended September 30, 2016 and Completes the QCP Spin Transaction

News Release Issued: Nov 1, 2016 (8:03am EDT)   IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ — THIRD QUARTER 2016 AND RECENT HIGHLIGHTS —    EPS and FFO per share were $0.32 and $0.65, respectively; FFO as adjusted was $0.72 per share —    Completed spin-off of Quality Care Properties, Inc. (“QCP”) (NYSE:QCP) on October 31, 2016; see […]

News Release: HCP to Sell a Portfolio of 64 Brookdale Communities for $1.125 Billion

News Release Issued: Nov 1, 2016 (8:01am EDT)   Resulting in Lower Brookdale Concentration; Improving HCP’s Lease Coverage and Balance Sheet IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ — HCP (NYSE:HCP) today announced that it has entered into definitive agreements to sell a portfolio of 64 properties leased to Brookdale Senior Living, Inc. (“Brookdale”) for an […]