Post-Acute & Senior Living

News Release: CIT Serves as Administrative Agent and Lead Arranger on $144 Million Senior Secured Credit Facilities for Bristol Hospice LLC

NEW YORK — Sept. 13, 2018 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as administrative agent and lead arranger for a $115 million first lien credit facility and sole lead arranger for a $29 million second lien credit facility on behalf of Bristol Hospice LLC to finance the acquisition […]

News Release: Skilled Nursing Occupancy Hits Record Low

News Release: Skilled Nursing Occupancy Hits Record Low

Skilled Nursing Occupancy Dips to 81.7 Percent, a new Record Low Occupancy decline attributed to major policy and business trends including competition and pressure from Medicare Advantage Annapolis, Md. (September 12, 2018)—Occupancy rates at skilled nursing facilities across the United States continue to fall in urban and rural areas, hitting a new record low of […]

News Release: Strawberry Fields REIT Acquires a Nine-Property Skilled Nursing Facility Portfolio Located in Arkansas, and one in Kentucky, for a total of $42.4 Million

South Bend, Ind.— September 5, 2018—Strawberry Fields REIT LLC (Strawberry Fields), an owner and lessor of nursing homes, long-term acute care hospital facilities and medical office buildings in the Midwestern and Southern U.S., announced it has acquired nine skilled nursing facilities located in Arkansas, and one facility located in Kentucky in two separate deals.  The […]

Pensacola Photography

News Release: Catalyst Healthcare Real Estate opens Midwest office in Milwaukee & hires Anthony Lampasona as President of Off-Campus Development

Pensacola based Catalyst Healthcare Real Estate (Catalyst HRE) is excited to announce the opening of its new office in Milwaukee, Wisconsin. This expansion is Catalyst HRE’s second in two years with its other expansion office located in Ocala, Florida. “The decision to expand our presence into the Midwest was a logical step in our business […]

News Release: Strategic Student & Senior Housing Trust Acquires 286-Unit Senior Housing Community in Portland, Ore. for $92 Million

News Release: Strategic Student & Senior Housing Trust Acquires 286-Unit Senior Housing Community in Portland, Ore. for $92 Million

Existing facility offers independent living, assisted living and memory care and is scheduled to break ground on an expansion for 23 additional units of memory care in the fall of 2018 Strategic Student & Senior Housing Trust, Inc. (SSSHT), a public, non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today […]

News Release: HFF announces financing for senior housing development in Denver, Colorado

News Release: HFF announces financing for senior housing development in Denver, Colorado

Dallas, TX – August 23, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for the development of Solera at Cherry Creek, a Class A seniors housing development in the Cherry Creek neighborhood of Denver, Colorado. The HFF team worked on behalf of the developer, a joint venture between affiliates of Banner Senior, LLC, […]

News Release: ESI Arranges Sale of Arizona Skilled Nursing Facility for $15M

News Release: ESI Arranges Sale of Arizona Skilled Nursing Facility for $15M

Tucson, AZ – August 20th, 2018 – Evans Senior Investments (ESI) successfully represented the sale of Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility in Tucson, for $15 million or $71,000 per bed. Built in 1983, the facility was managed by Avalon Healthcare. Located in southern Tucson with 211 operating beds, it was Avalon’s […]

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News Release: Ventas to Acquire Distinctive Seniors Housing Community in Manhattan

News Release — Ventas, Inc. (NYSE: VTR) announced today that it has signed a definitive agreement to acquire a premier seniors housing community (“Battery Park” or the “Community”) located in the appealing Battery Park City neighborhood of downtown Manhattan for approximately $194 millionfrom Brookdale Senior Living (“Brookdale”). “The Battery Park acquisition firmly establishes Ventas as the market […]

News Release: Birmingham-Based Leading Healthcare Real Estate Company Announces $24 Million Acquisition in Tulsa, Oklahoma

News Release: Birmingham-Based Leading Healthcare Real Estate Company Announces $24 Million Acquisition in Tulsa, Oklahoma

The Sanders Trust Acquires $24.5 Million Tulsa, Oklahoma Rehabilitation Hospital Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announced a $24.5 million acquisition in Tulsa, Oklahoma in July 2018. Built in 2017, PAM (Post Acute Medical) Rehabilitation Hospital is a state-of-the-art, 40-bed inpatient rehabilitation hospital. With over […]

News Release: UC Davis Announces New Second Hospital on University’s Sacramento Campus

News Release: UC Davis Announces New Second Hospital on University’s Sacramento Campus

Joint Venture, Inpatient Rehab Hospital Is First Aggie Square Project Sacramento, Calif. – The University of California, Davis, today announced that along with Kindred Healthcare, it will construct and operate a second hospital on its downtown Sacramento campus to provide more inpatient rehabilitation services in Sacramento County. The facility will provide care for twice as […]

News Release: Construction has Commenced on new Atlantic Health Rehabilitation Institute!

News Release: Construction has Commenced on new Atlantic Health Rehabilitation Institute!

PRESS RELEASE: The Atlantic Rehabilitation Institute for Atlantic Health System and Kindred Healthcare in Madison, NJ. Madison, NJ, and INDIANAPOLIS, August 7, 2018 – Bremner Real Estate is pleased to announce that construction has commenced for the joint venture between Atlantic Health and Kindred Healthcare. The Indianapolis-based healthcare real estate developer states the development is a […]

News Release: Griffin-American Healthcare REIT IV Acquires 53-Unit Assisted Living Facility Near St. Louis

ST. LOUIS (August 6, 2018) – American Healthcare Investors, LLC and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired Pinnacle Warrenton Assisted Living Facility, a 53-unit assisted living facility located in the St. Louis suburb of Warrenton, Missouri, for $8.1 million. The acquisition was completed pursuant to […]

News Release: Capital One Closes $36.6 Million Loan to Meridian Senior Living for Acquisition of Ohio Senior Housing Facilities

Capital One Closes $36.6 Million Loan to Meridian Senior Living  for Acquisition of Ohio Senior Housing Facilities Bethesda, Md. (July 25, 2018) – Capital One announced today that it provided a $36.6 million adjustable-rate loan to finance the acquisition of a portfolio of three senior housing communities in Ohio. The properties were developed by Alcore Senior, which […]

News Release: Hoffman Facility Opening

News Release: Hoffman Facility Opening

Minnewaska Community Health Completes Hoffman Project  Hoffman, Minn., (July 23, 2018) –  Minnewaska Community Health Services (MCHS) is proud to announce the opening of its newest facility, Hoffman Senior Living, which is committed to serving those living in Hoffman, Minn., and the surrounding area. Hoffman Senior Living is a one-story facility offering 10 assisted living units […]

Post-Acute & Senior Living: Confluent, Harbor Retirement start work on Memphis, Tenn.-area senior community

Post-Acute & Senior Living: Confluent, Harbor Retirement start work on Memphis, Tenn.-area senior community

Denver-based Confluent Senior Living and Vero Beach, Fla.-based Harbor Retirement Associates (HRA) have started construction on the three-story, 123-unit Harbor Chase of German town assisted