Post-Acute & Senior Living: CNL Healthcare Properties acquires eight senior housing communities
ORLANDO, Fla. – CNL Healthcare Properties Inc., a non-traded real estate investment trust (REIT), recently paid about $187.2 million to acquire eight senior housing communities in Texas and Illinois from Dallas-based South Bay Partners Ltd.
Post-Acute & Senior Living: CCRC on Long Island files for chapter 11 bankruptcy to restructure bond debt
PORT WASHINGTON, N.Y. – With $220 million in debt, the Amsterdam at Harborside on Long Island has officially filed for Chapter 11 bankruptcy. The upscale continuing care retirement community (CCRC) has experienced financial stress since opening in 2010, the midst of the Great Recession.
Post-Acute & Senior Living: Ashby Ponds opens new $30 million apartment building on its campus
ASHBURN, Va. – Baltimore-based Erickson Living recently opened a new residential apartment building on its Ashby Ponds community campus in Ashburn, a city in far northern Virginia.
Post-Acute & Senior Living: New $12 million memory care facility to open next year in Chicago suburb
GURNEE, Ill. – The Village of Gurnee will get a much-needed boost in elderly care units starting in May 2015, as work is underway on a $12 million memory care facility to serve the area.
Post-Acute & Senior Living: Formation Capital and Safanad Ltd. join to buy $150 million portfolio
ATLANTA – Two big investment firms have yet again joined together to expand their portfolios. Alpharetta, Ga.-based Formation Capital, a healthcare focused private investment firm, and New York-based Safanad Ltd., a principle investment firm, recently announced that they have a formed a partnership to acquire 14 skilled nursing facilities (SNFs) in three states for $150 […]
REIT Report: NorthStar surges into MOB arena
Pending $4B acquisition of G-A REIT II is one of the largest HRE deals in years By Dan Larson Currently, medical office buildings (MOBs) comprise about 0.2 percent of the healthcare portfolio owned by New York-based NorthStar Realty Finance Corp. (NYSE: NRF). By the end of this year, however, that number should multiply significantly, to […]
Post-Acute & Senior Living: More Post Acute and Senior Living News
■ A 118,498 square foot expansion is slated for Salemtowne, a CCRC in Winston-Salem, N.C. The property recently received final approval from the state to begin the $42 million project, which will include a replacement skilled nursing facility. The current skilled nursing center will be converted to assisted living. Construction is to begin in 2015 […]
Companies & People: Velocis to raise $300M for next fund
Private equity firm hopes to target larger medical and retail assets and portfolios By Dan Larson In March of 2013, Velocis Fund LP completed its final closing on its first fund, aptly titled Velocis Fund I. Since that time, the Dallas-based private equity real estate fund has been working hard on Velocis Fund II, which […]
Companies & People: Optimal Outcomes to develop MOB
Firm plans mid-2015 opening for 38,000 square foot facility in Tampa, Fla., area By Dan Larson Optimal Outcomes LLC of St. Petersburg is expanding its brand to Brandon, Fla. The city is situated just 12 miles east of Tampa and is one of Florida’s fastest growing communities. The real estate developer plans to break ground […]
Companies & People: Ensemble becomes real estate advisor to Phoenix Children’s Hospital
PHOENIX – After years of partnering on various projects, Phoenix Children’s Hospital and Ensemble Real Estate Solutions have agreed on a long-term union, making Ensemble the hospital’s exclusive real estate advisor. The Phoenix-based healthcare real estate (HRE) firm will oversee 12 leases in nine locations with 116,000 total square feet.
Companies & People: Lincoln Harris providing leasing at two MOBs; negotiates lease at another
DALLAS – Charlotte, N.C.-based Lincoln Harris CSG is in the midst of providing leasing services for two separate healthcare developments – one a remodeling project – underway in the Dallas area.
Companies & People: HCP teams with Transwestern to lease Houston MOB
HOUSTON – HCP Inc. (NYSE: HCP) in recent months broke ground on a 100,000 square foot Class A MOB on the campus of Memorial Hermann Pearland Medical Center in Pearland, Texas, outside of Houston. To lease up the new building, HCP has tapped national real estate firm Transwestern.
Companies & People: More Companies & People News
■ Brasfield & Gorrie recently completed the $16 million Healthplex Performance Center in Madison, Miss. The Birmingham, Ala.-based firm was the general contractor for the two-story, 100,000 square foot sports complex and MOB, which includes a training floor with strength and cardio equipment, indoor walking track, indoor pool, therapy pools, indoor field house and athletic […]
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