Post-Acute & Senior Living: Griffin-American Healthcare REIT IV acquires eight SNFs in Missouri for $88.2 million
Missouri – Irvine, CA-based Griffin-American Healthcare REIT IV, a non-traded real estate investment trust (REIT), recently acquired a portfolio of skilled nursing facilities in Missouri for $88.2 million. With eight facilities and 1,112 licensed beds, the Missouri Skilled
Post-Acute & Senior Living: Senior housing occupancy steadies
National average was 87.9 percent in Q3, matching the lowest rate since Q2 2011 By John B. Mugford It might not be great news, but at least the occupancy rate for the country’s seniors housing facilities did not fall any farther in the third quarter (Q3) of 2018, according to Annapolis-based National Investment Center for […]
Post-Acute & Senior Living: Unnamed investor pays $15 million for 211-bed skilled nursing facility in Tucson, Ariz.
Tucson, AZ – Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility (SNF) in Tucson, recently traded for $15 million, or $71,000 per bed. The buyer was an unnamed Chicago
Post-Acute & Senior Living: A new ‘boutique’ senior living facility opens in Dallas; Adolfson & Peterson was contractor
Dallas – A new “boutique” senior living facility recently opened along the North Central Expressway in Dallas. The three-story, 77,132 square foot Adora Midtown Park facility includes 80 skilled nursing units and 29 assisted living suites. The project team
Post-Acute & Senior Living: Capital Square 101 buys a newly built memory care facility in suburb near Houston
Spring, Texas – Glen Allen, Va.-based Capital Square 1031 recently announced its purchase of a newly constructed, 10,000 square foot memory care facility in the Houston suburb of Spring. Las Vegas based Bear Real Estate Advisors represented Capital Square 1031
News Release: Griffin-American Healthcare REIT IV Reports Third Quarter 2018 Results
Griffin-American Healthcare REIT IV, Inc. today announced operating results for the company’s third quarter ended Sept. 30, 2018. “Griffin-American Healthcare REIT IV continues to enjoy strong financial and portfolio performance as demonstrated in our third quarter 2018 results,” said Jeff Hanson, chairman and chief executive officer. “We continue to identify and acquire accretive properties for […]
News Release: NexCore Group and Civitas Senior Living Break Ground on New Senior Living Community in Cape Coral, Florida
The Waters of Cape Coral scheduled for December 2019 grand opening NexCore Group in collaboration with Fort Worth-based senior living management company, Civitas Senior Living, have commenced construction on their newest senior housing project, The Waters of Cape Coral located in Cape Coral, Florida. The Waters of Cape Coral will offer 72 assisted living and 28 memory care apartments […]
News Release: Deal – Capital One Provides $118.3 Million Fannie Mae Loan for Seniors Housing Portfolio
Capital One announced today that it has provided a $118.3 million Fannie Mae adjustable-rate loan to an investment vehicle managed by a Seattle-based alternative investment firm, Columbia Pacific Advisors. The proceeds were used to acquire fee interest in a previously leased four-property portfolio of independent living communities in California, Massachusetts, and North Carolina. “Capital One’s ability […]
News Release: Caddis to develop first Heartis senior living community in Florida
The 182-unit, 191,000 square foot Heartis Venice in the seaside community of Venice is a continuation of the firm’s expansion across the United States In a continuation of its expansion across the country to provide new senior living options, Caddis® has begun developing its first Heartis® senior living community in Florida. Heartis® Venice will feature […]
News Release: Welltower & Hines Acquire Upper West Side Site To Develop Second Manhattan Seniors Housing And Memory Care Community
New York and Toledo, Ohio, Nov. 9, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL), the global leader in health care infrastructure, and the New York office of Hines, the international real estate firm, announced today that they have closed on the acquisition of a development site at 2330 Broadway at 85th Street on the Upper […]
Post-Acute & Senior Living: Non-traded REIT pays $92 million for 286-unit senior housing community in Portland, Ore
Portland, Ore. – Ladera Ranch, Calif.-based Strategic Student & Senior Housing Trust Inc. (SSSHT), a public, non-traded real estate investment trust (REIT), recently purchased the Courtyard at Mt.
Post-Acute & Senior Living:HFF arranges financing for under-construction, 86-unit senior housing community in Denver
Denver – Holliday Fenoglio Fowler L.P. (HFF), part of Pittsburgh-based HFF Inc. (NYSE: HF), recently facilitated financing for the development of Solera at Cherry Creek, an under-construction
Post-Acute & Senior Living: Ventas Inc. to pay $194 million for independent senior living facility in heart of Manhattan
New York – Brentwood, Tenn.-based Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell a senior living community it owns in Manhattan to Chicago-based Ventas Inc. (NYSE: VTR) for $194
Post-Acute & Senior Living: San Fran area project is a big one
PMB, Generations LLC planning large senior housing, medical complex By John B. Mugford As the population of local seniors increases in coming years in the suburbs south of San Francisco, the area will be in dire need of more housing and healthcare services for this aging cohort. The Peninsula Health Care District, which is based […]
News Release: MARCUS & MILLICHAP ARRANGES THE SALE OF 12.54 ACRES OF LAND
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Summerplace at