Post-Acute & Senior Living: Strawberry Fields, a SNF-focused REIT, pays $21.8 million for Louisville facility
South Bend, Ind.-based Strawberry Fields REIT LLC, which has a portfolio of 59 skilled nursing facilities (SNFs) in seven states, recently purchased the 88.5 percent
Post-Acute & Senior Living: Sabra pays $378 million for 21 SNFs on the West Coast; to sell 43 Genesis facilities
Irvine-based Sabra Health Care REIT (Nasdaq: SBRA) recently said it acquired 21 skilled nursing facilities on the West Coast for $378 million.
News Release: Mainstreet Health Investments Announces US$425 Million Transformational Acquisition of 42 US Property Portfolio, New Strategic Investor and Name Change
Mainstreet Health Investments Announces US$425 Million Transformational Acquisition of 42 US Property Portfolio, New Strategic Investor and Name Change TORONTO, Nov. 17, 2017 /CNW/ – Mainstreet Health Investments (TSX: HLP-U) (“Mainstreet” or the “Company“) today announced that it has entered into definitive agreements with Tiptree Inc. (NASDAQ: TIPT) (“Tiptree“) and certain subsidiaries, to acquire Care Investment Trust […]
News Release: Kearsley Rehabilitation and Nursing Center Opens New Sub-Acute Care Unit, Achieves Five-Star Rating
West Philadelphia Facility Focuses on Enhanced Services, Quality Care PHILADELPHIA, Pa., Nov. 15, 2017 – A new, million-dollar sub-acute care unit at Kearsley Rehabilitation and Nursing Center, and a five-star rating in U.S. News and World Report’s 2017 “Best Nursing Homes” feature reflect a commitment to enhanced services and quality patient care at the 84-bed […]
News Release: Welbrook Senior Living opens 50-unit memory care facility in Santa Monica California.
EL SEGUNDO, CALIFORNIA, November 15, 2017– Welbrook Senior Living has completed construction and licensing of their newest memory care facility located in Santa Monica California. “This facility incorporates new design elements specifically for memory care programming and in conjunction with our Welbrook Moments Program will provide a quality lifestyle experience for seniors with Alzheimer’s or […]
News Release: MedCore Partners and Post Acute Medical, LLC Announce Development of PAM Rehabilitation Hospital of Dover
Dover, DE November 10, 2017 – MedCore Partners and Post Acute Medical, LLC (“PAM”) are pleased to announce the development of PAM Rehabilitation Hospital of Dover. Operated by PAM, this state-of-the art 42,000-square-foot acute inpatient rehabilitation hospital will provide comprehensive inpatient rehabilitation and outpatient therapy services for families in Dover, DE, and surrounding communities. Located near […]
News Release: Caddis recapitalizes six Heartis senior living communities in Texas, Illinois
Firm has refinanced 1,048 units for $170 million in new debt this year, strengthening its financial position and reaffirming its commitment to the senior living sector Caddis recently recapitalized six Heartis senior living communities, including the 108-unit Heartis Village Peoria in Illinois (top) and the 95-unit Heartis Waco in Texas (bottom). This is the company’s […]
News Release: MorningStar Senior Living, Confluent Senior Living Begin Construction on Santa Fe Community
Project Marks Second MorningStar Senior Living Community in New Mexico SANTA FE, NM (November 6, 2017) – Co-developers MorningStar Senior Living and Confluent Senior Living have broken ground on a new senior living community in Santa Fe, NM. The 71,000-square-foot development will deliver 85 units for assisted living and memory care residents. Centrally located in […]
News Release: HCP Announces Transactions to Further Reduce Brookdale Portfolio Concentration
Reached Agreement with Brookdale to Restructure Portfolio and Significantly Reduce Concentration HCP to Sell Remaining 40% Investment in RIDEA II to Columbia Pacific Advisors NEWS PROVIDED BY HCP, Inc. Nov 02, 2017, 07:00 ET IRVINE, Calif., Nov. 2, 2017 /PRNewswire/ — HCP, Inc. (NYSE: HCP) today announced several transactions with Brookdale Senior Living Inc. (“Brookdale“) and Columbia Pacific Advisors, […]
News Release: ESI Arranges Sale of Wisconsin Community-Based Residential Facility
Milwaukee, Wisconsin – November 1, 2017 – Evans Senior Investments (ESI) successfully represented an independent seller in the sale of Clifden Court, a 92 unit Community-Based Residential Facility (CBRF) in Milwaukee County, Wisconsin. Built in 1998, Clifden Court added two additional buildings, one in 1999 and the other in 2010, to reach 92 units for […]
News Release: Welbrook Senior Living starts construction of their second Transitional Rehabilitation Facility in New Mexico
FOR IMMEDIATE RELEASE: EL SEGUNDO, CALIFORNIA, October 26, 2016– Welbrook Senior Living has started construction of their second New Mexico Transitional Rehabilitation facility. This new facility will be located in Farmington and complement their soon to be completed facility in Las Cruces. Welbrook has partnered with Embree Asset Group, a full service development company based in Georgetown, Texas […]
Post-Acute and Senior Living: Integral Senior Living celebrates grand opening of The Pointe at Lifespring Senior Living
KNOXVILLE, Tenn. – The Pointe at Lifespring, a new assisted living and memory care community, celebrated its grand opening in Knoxville in late August.
Post-Acute and Senior Living: Living Care Lifestyles starts senior facility with memory care wing in Visalia, Calif.
VISALIA, Calif. – Seattle-based Living Care Lifestyles and local partners broke ground in early September on the future Quail Park at Shannon Ranch, a senior living community in northwest Visalia.
Post-Acute and Senior Living: Berkadia’s healthcare team closes more than $1 billion in financings in one day
NEW YORK – Sept. 7 was a busy day for the Seniors Housing and Healthcare Group with New York-based Berkadia,as the group closed more than $1.03 billion in financings.
Post-Acute and Senior Living: Capital One provides financing for Kayne Anderson’s acquisition of Sentio healthcare REIT
BETHESDA, Md. – Capital One announced Sept. 13 that it provided a $251 million bridge loan and a $300 million Freddie Mac senior housing revolving credit facility to Kayne Anderson Real Estate Advisors (KAREA), enabling it to purchase Sentio Healthcare Properties, a nontraded real estate investment trust (REIT). KAREA is part of Kayne Anderson Capital […]