Post-Acute & Senior Living: Publicly traded REIT acquires struggling SNF in D.C. market; Avison Young brokers sale
The Washington, D.C., office of Avison Young recently arranged the $13 million sale of the 45,654 square foot Mt. Vernon Nursing & Rehab Center, a skilled nursing facility (SNF) in Alexandria that has
Post-Acute & Senior Living: Senior community outside of Seattle changes hands for $50.5M; ESI brokers sale
Garden Court Retirement Community, a 148-unit independent and assisted the living community in Everett, recently traded for $50.5 million, or $341,000 per unit. The facility was completed in 2002
Post-Acute & Senior Living: Newly passed Illinois senior housing law green lights $60 million Chicago project
A newly passed Illinois law will allow a developer to move forward with plans to convert a vacant 10-story building on Chicago’s North Side into an affordable senior housing community. The new law
Post-Acute & Senior Living: Ryan Companies joins JV partnership on $16.7 million, 172-unit Florida senior project
A team with Pittsburgh-based Holliday Fenoglio Fowler LP (NYSE: HF) recently arranged a $16.7 million joint venture (JV) partnership for the development of the 172-unit Grand Living at Lakewood
Post-Acute & Senior Living: Tryko adds 129-bed Philly-area facility to SNF portfolio, plans a renovation
Brick, N.J.-based Tryko Partners LLC recently acquired the two story, 129-bed ManorCare Health Services at Mercy Fitzgerald Hospital skilled nursing facility in Yeadon, near Philadelphia.
News Releases: Bloomfield Hills Press Release – for immediate release
BLUE MOON AND CEDAR BROOK COMPLETE OFF MARKET ACQUISITION OF BLOOMFIELD HILLS, MI SENIOR COMMUNITY Boston, MA (May 23, 2018)—Blue Moon Capital Partners LP (“Blue Moon”), a leading senior housing private equity investor, announced today that it has formed an acquisition joint venture with Cedarbrook Senior Living and acquired the Class A+ Cedarbrook of Bloomfield […]
News Release: HarborChase of Wildwood Hosts Grand Opening Celebration
“HarborChase Open” to Celebrate History’s Most Prestigious Golf Courses HarborChase of Wildwood, a new assisted living and memory care community in Sumter County’s Wildwood area, is hosting “HarborChase Open: A Grand Opening Celebration” on Wednesday, May 23. In honor of the community’s grand opening, the event will be held from 4 p.m. to 7 p.m. […]
News Release: Deal news from Strawberry Fields REIT
Strawberry Fields REIT Acquires A Rehabilitation and Nursing Facility for $6.5 Million 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., today announced it has acquired a rehabilitation and nursing facility for $6.5 million in a […]
News Release: Strawberry Fields REIT Issues New Bond Series B for $65.6 Million
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., today announced it has raised $67.1 million in Bond Series B for a net amount of $65.6 million, after raising costs of $1.5 million. The debentures are […]
News Release: Confluent Senior Living Completes Sale of Fort Collins Senior Living Community
Kayne Anderson Real Estate acquires MorningStar of Fort Collins Confluent Senior Living, a subsidiary of Denver-based real estate investment and development firm, Confluent Development, is pleased to announce the sale of its MorningStar of Fort Collins senior living community. Previously the owner of the project, Confluent Senior Living co-developed the community with its operating partner […]
News Release: Caddis opens second Heartis senior living community in Illinois
The national healthcare real estate firm, known for its Texas senior residences, held a ribbon-cutting ceremony for the community in Orland Park near Chicago ORLAND PARK, Ill., and DALLAS, May 2, 2018 – Renowned for its many Heartis® senior living communities in Texas, Caddis™ recently opened its second assisted living and memory care senior residence in Illinois – […]
Post-Acute & Senior Living: Assisted living community changes hands in Bellingham, Wash.; ESI represented the seller
In more news from ESI, the firm also recently brokered the $7.03 million sale of the 66-unit Rosewood Villa, a 66-unit assisted living community in Bellingham, Wash., about 87 miles north of Seattle.
Post-Acute & Senior Living: Encompass Health to build its eighth inpatient rehab hospital in Greater Houston
In more news from Encompass Heath Corp., the company has announced plans for its eighth inpatient rehabilitation hospital in Greater Houston. A $25 million, 40-bed facility is planned for a 90
Post-Acute & Senior Living: Sheltering Arms, VCA Health plan $119 million rehab hospital near Richmond, Va.
Plans are moving forward for the building of a $119 million, 114-bed rehabilitation hospital in Goochland County, northwest of Richmond, Va. The hospital will be a joint venture of
Post-Acute & Senior Living: Illinois senior housing portfolio sells for $32.6 million; Evans Senior Living (ESI) brokers sale
The Legacy Place Portfolio of four senior living facilities in southern Illinois recently traded for $32.6 million. Representing the seller, an independent owner/operator, was Chicago-based Evans Senior