Post-Acute & Senior Living

News Release: National Triple Net-Leased Healthcare Portfolios Trade

JLL completes $137.6 million sale of Inpatient Rehabilitation Hospitals BOSTON, May 8, 2017 – On behalf of Healthcare Realty Trust, JLL’s Capital Markets experts announce the sale of six Inpatient Rehabilitation Hospitals located in Arizona, Pennsylvania and Texas. In two transactions, affiliates of Global Medical REIT and Carter Validus Mission Critical REIT each purchased three […]

News Release: CCG Acquires 18 Midwest SNFs

News Release: CCG Acquires 18 Midwest SNFs

press release | 13 April, 2017 | 0 Chicago, IL- April 1, 2017- Cascade Capital Group, a healthcare real estate investment & management company announces the acquisition of eighteen Midwest skilled nursing facilities (SNF’s). The portfolio consisted of facilities located in Iowa (2), Kansas (9), Missouri (6), and Nebraska (1). Purchased from a national, publicly-traded owner/operator, the […]

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News Release: Ryan Companies Completes Land Acquisition in Hendersonville, Tenn.

FOR IMMEDIATE RELEASE Acquisition paves way for new senior living community, Clarendale® at Indian Lake Naperville, Ill. (April 10, 2017)—Ryan Companies US, Inc. has acquired an 11-acre land parcel at the Southwest corner of Indian Lake Boulevard and Maple Drive in Hendersonville’s Indian Lake Center area that paves the way for the development and construction […]

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News Release: CNL Healthcare Properties II Purchases First Property

— REIT acquires newly built seniors housing community in Pensacola, Florida — (ORLANDO, Fla.) April 4, 2017 — CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and healthcare properties, has purchased the newly constructed Summer Vista Assisted Living Community in Pensacola, Florida, for $21.4 million. This is […]

News Release: Avison Young brokers 6.87-acre land sale for senior living development project in Phoenix

News Release: Avison Young brokers 6.87-acre land sale for senior living development project in Phoenix

Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $2.7-million sale of a 6.87-acre land parcel for the development of a senior assisted living and memory care community in Phoenix. Named Mariposa Point at Algodon Center, the fully entitled site is anticipated to begin […]

Rendering of Villaggio at San Luis Obispo

News Release: Villaggio at San Luis Obispo to Raise Bar for Life Plan Communities

Upscale Life Plan Community Proposed for the City of San Luis Obispo NEWS PROVIDED BY Villaggio 27 Mar, 2017, 09:05 ET SAN LUIS OBISPO, Calif., March 27, 2017 /PRNewswire/ — Villaggio at San Luis Obispo, a luxury-style Life Plan Community, is currently under planning and development in California’s world renowned Central Coast. Named “The Happiest City […]

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News Release: A New Breed of Senior Living Community Is Coming to Pooler

POOLER, GEORGIA. March 6, 2017 Shepherd Health and Cobalt Seniors announce Shepherd Living at Savannah Quarters, an upscale 124-resident community offering spa-like living on roughly 10 acres in Pooler, Georgia. The joint venture has purchased the property from Southwest Quadrant Development and is developing the community with United Community Bank, architectural firm Erdman, and contractor […]

A Canadian development firm and a company part-owned by Jimmy Buffett plans to develop a massive senior housing community with 6,900 residences in Daytona Beach, Fla., that would have a Margaritaville theme, based on the singer’s hit song. (Rendering courtesy of Minto Group)

Post-Acute & Senior Living: Calling all ‘parrot heads’ to Florida

Senior community’s theme would be based on Jimmy Buffet’s Margaritaville By John B. Mugford As senior housing projects continue to compete for residents, some of the newer communities are being built with specific themes in order to possibly provide a competitive edge. For some senior housing communities, being located near certain amenities – such as […]

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.

Lana Peck (Photo courtesy of NIC)

News Release: National Investment Center Hires Seniors Housing Principal

New Senior Principal to Help Advance Data Products, Education FOR IMMEDIATE RELEASE: January 11, 2017 Contact:  Biba Aidoo, (443) 926-3181 or communications@nic.org Annapolis, Md. – The National Investment Center for Seniors Housing & Care (NIC) announced today that Lana Peck has joined the organization to serve as senior principal and subject matter expert for seniors housing. […]

An undisclosed private equity group recently acquired a pair of senior housing communities in North and South Carolina for $33 million from Brentwood, Tenn.-based Brookdale Senior Living Inc. (NYSE: BKD). (photo courtesy of Brookdale Senior Living)

News Release: Greystone Real Estate Advisors Closes $33 Million Sale of Two Carolina Seniors Housing Communities

January 04, 2017 11:34 ET | Source: Greystone NEW YORK, Jan. 04, 2017 (GLOBE NEWSWIRE) — Greystone Real Estate Advisors announced it closed the $33,000,000 sale of Brookdale Hendersonville in Hendersonville, NC and Brookdale Skylyn in Spartanburg, SC. A private equity group purchased the seniors housing properties from Brookdale Senior Living, Inc., on December 15. […]

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 […]