News Release: Cushman & Wakefield Senior Housing arranges acquisition financing for Harrison Street & LCB Senior Living in New Jersey
PHILADELPHIA, Jan. 11, 2021 – Cushman & Wakefield announced the real estate services firm’s Senior Housing Capital Markets team served as the exclusive advisor to a joint venture between Harrison Street and LCB Senior Living, LLC to secure the acquisition financing of a portfolio of three senior housing assets in New Jersey. The portfolio totals […]
News Release: Cushman & Wakefield Senior Housing completes the first of three Florida skilled nursing property sales totaling $118 million
TAMPA, FL, Jan. 11, 2021 –– Cushman & Wakefield announced today that the real estate services firm has completed the sale of Lutz Healthcare and Rehab, a 120-bed skilled nursing facility built in 2011, which is located in Lutz, a suburb in Hillsborough County within the Greater Tampa Bay MSA in Florida. The closing represents […]
News Release: Cushman & Wakefield Senior Housing Arranges Refinancing Of San Antonio’s Newest Community
SAN ANTONIO, Dec. 14, 2020 – Cushman & Wakefield has arranged the refinancing of a luxury full-continuum senior housing community in the upscale Alamo Heights neighborhood of San Antonio on behalf of Harrison Street and Franklin Park Senior Living. “Our team was happy to be able to secure this financing solution for a tremendous client […]
News Release: Capital Senior Living Commences Planned Community Transitions, Reducing Long-Term Liabilities and Improving Net Operating Income
December 08, 2020 08:00 ET | Source: Capital Senior Living Corporation DALLAS, Dec. 08, 2020 (GLOBE NEWSWIRE) — Capital Senior Living Corporation (the “Company”) (NYSE: CSU) announced it has completed the operational transfer of its independent living community in Deer Park, Texas, to Fannie Mae, the holder of the community’s non-recourse debt. The Deer Park community is the […]
News Release: WB Development Partners and New Era Companies Break Ground on a New Inpatient Rehabilitation Hospital in Greenfield, WI
Nobis Rehabilitation Partners Will Manage the Operations of the Inpatient Rehab Hospital MILWAUKEE (PRWEB) NOVEMBER 24, 2020 WB Development Partners and New Era Companies, two innovative companies partnering together in the healthcare development sector, recently purchased land at 3200 S. 103rd St., Greenfield, Wisconsin. The Milwaukee Rehabilitation Hospital at Greenfield’s design is a three-story model […]
News Release: NIC’s Skilled Nursing COVID-19 Tracker Shows Worrying Pace of Cases Across the U.S.
By: Omar Zahraoui | November 18, 2020 Since May 31, 2020, NIC has been publishing a regular updated weekly surveillance report on the incidence of COVID-19 cases among residents in our nation’s nursing care properties. Using raw data collected and reported by the Centers for Medicare & Medicaid Services (CMS), NIC’s Skilled Nursing COVID-19 Tracker (Tracker) reports […]
News Release: ESI Arranges Three Separate Transactions for 21 Midwest Skilled Nursing Communities
Chicago, IL – November 12, 2020 – Evans Senior Investments (ESI) successfully represented the exit from the long-term care industry for a Midwest regional owner/operator. The portfolio consisted of three separate transactions for each state (Indiana, Iowa, & Illinois). The combined purchase price for all three transactions was $86,000,000 or $54,0000 per functional bed/unit. The […]
News Release: CareTrust REIT Announces Third Quarter 2020 Operating Results
Conference Call Scheduled for Friday, November 6, 2020 at 2:00 pm ET November 05, 2020 16:25 ET | Source: CareTrust REIT, Inc. SAN CLEMENTE, Calif., Nov. 05, 2020 (GLOBE NEWSWIRE) — CareTrust REIT, Inc. (Nasdaq: CTRE) today reported operating results for the quarter ended September 30, 2020, as well as other recent events. For the quarter, CareTrust REIT reported: Net […]
News Release: Ventas Reports 2020 Third Quarter Results
November 6, 2020 at 7:01 AM EST PDF Version CHICAGO–(BUSINESS WIRE)–Nov. 6, 2020— Ventas, Inc. (NYSE: VTR) (the “Company”) today reported results for the third quarter ended September 30, 2020. “Our solid third quarter results were driven by our strong and diverse portfolio, steady performance in our Office and Triple-Net Healthcare businesses and stable sequential income in our Senior Housing […]
Transactions: TST, Harrison Street sell 11-property portfolio for $240M
Lincoln Advisors acquires the 474,100 square feet of MOBs, IRFS for pension fund client By John B. Mugford At this point during the COVID-19 pandemic, there are plenty of investors looking to deploy “pent up” capital into stable investments amid a time of continued uncertainty. This was certainly evident during the recent marketing and sales […]
News Release: The Sanders Trust Announces Sale of Medical Real Estate Portfolio
Portfolio of 11 Properties Valued at $240 Million Reaches Disposition Phase Birmingham, Ala. NOVEMBER 2, 2020 – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the completion of a sale of a robust portfolio of medical real estate. The portfolio, valued at $240 million, consists of 11 properties. The […]
News Release: Ziegler Closes $125,000,000 Financing For HumanGood California
Ziegler, a specialty investment bank, is pleased to announce the successful closing of $125,000,000 of bank capital, placed with Washington Federal Bank, for the HumanGood California Obligated Group (the “Obligated Group”). CHICAGO (PRWEB) OCTOBER 30, 2020 Ziegler, a specialty investment bank, is pleased to announce the successful closing of $125,000,000 of bank capital, placed with Washington […]
News Release: Senior Housing Occupancy Reaches Record Low In Third Quarter
Pandemic’s effects on the sector continue to be evident ANNAPOLIS, Md. (October 15, 2020)—According to new data from NIC MAP® Data Service (NIC MAP) provided by the National Investment Center for Seniors Housing & Care (NIC), senior housing occupancy fell 2.6 percentage points in the third quarter of 2020, from 84.7 percent to 82.1 percent, indicating a steady decline since the outbreak of the novel coronavirus. This is the second quarter in a row […]
News Release: The Watermark at Brooklyn Heights, Luxury Community in New York City, Now Open
October 14, 2020 BROOKLYN, N.Y.—The Watermark at Brooklyn Heights, New York City’s first new luxury retirement community to open in 20 years and Brooklyn’s first ever, has welcomed its first independent living lifestyle members today. This extraordinary new senior community is a stunning, $330 million redevelopment and renovation of the beloved, iconic Leverich Towers Hotel […]
News release: LCS Development Begins Construction on Senior Living Community Expansion
WhiteStone in Greensboro, North Carolina, announces $75M project October 06, 2020 20:45 ET | Source: LCS Development Des Moines, Oct. 06, 2020 (GLOBE NEWSWIRE) — LCS Development, An LCS Company, will begin construction on a $75 million major expansion at WhiteStone: A Masonic and Eastern Star Community in Greensboro, North Carolina. The project includes the […]