Post-Acute & Senior Living

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 […]

Post-Acute & Senior Living: Partnership to develop 124-resident Shepherd Living community near Huntsville, Ala.

Post-Acute & Senior Living: Partnership to develop 124-resident Shepherd Living community near Huntsville, Ala.

MADISON, Ala. – A partnership of Dallas-based Cobalt Seniors and Miami Beach, Fla.-based Shepherd Health recently announced that it plans to start construction soon on Shepherd Living at The Range, a 124-resident community offering “spa-like living” on 14 acres in Madison, a growing suburb of Huntsville, Ala.

Post-Acute & Senior Living: Spectrum Retirement receives go ahead for 174-unit project in Indianapolis suburb

Post-Acute & Senior Living: Spectrum Retirement receives go ahead for 174-unit project in Indianapolis suburb

WHITESTOWN, Ind. – A new $35 million, 174-unit independent living, assisted living and memory care community has received the go ahead in Whitestown, a suburb of Indianapolis.

Post-Acute & Senior Living: Chelsea Senior Living teams R.E. firm on 118-bed senior project on Long Island, N.Y.

Post-Acute & Senior Living: Chelsea Senior Living teams R.E. firm on 118-bed senior project on Long Island, N.Y.

YAPHANK, N.Y. — A joint venture (JV) partnership of Farnwood, N.J.-based Chelsea Senior Living and Yonkers, N.Y.-based AVR Realty recently announced plans for a $27 million, 118-bed assisted living complex in the Long Island city of Yaphank.

Post-Acute & Senior Living: Mainstreet Health Investments pays $152 million for properties in U.S., Canada

Post-Acute & Senior Living: Mainstreet Health Investments pays $152 million for properties in U.S., Canada

TORONTO – Toronto-based Mainstreet Health Investments (MHI), the investment arm of Carmel, Ind.-based Mainstreet, continues to grow its senior portfolio, as it recently acquired seven senior communities with 739 beds and five developable parcels in the United States and Canada for $152 million.

Post-Acute & Senior Living: Long-time Southeast Mich. homebuilder entering senior housing sector in a big way

AUBURN HILLS, Mich. – Auburn Hills-based Moceri Cos. has been in the homebuilding business in southeast Michigan for 60 years.