Post-Acute & Senior Living: Welltower, Revera acquire Canadian communities in 75/25 percent joint venture
MISSISSAUGA, Ontario – Toledo, Ohio-based Welltower Inc. (NYSE: HCN) and Toronto-based Revera Inc., a privately owned company, recently completed the $764 million (Canadian), or $581 million (U.S.), acquisition of Mississauga, Ontario-based Regal Lifestyle Communities Inc. and its portfolio of properties.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
Evans Senior Investments reports that an undisclosed non-traded real estate trust (REIT) recently acquired The Shores of Lake Phalen, a 105-unit independent living, assisted living, and memory care community located in Maplewood, Minn. The Chicago-based investment banking firm says the REIT was the winner of a competitive bidding process, paying a price of $30 million, […]
Post-Acute & Senior Living: Developer plans $250M CCRC as part of mixed-use plan in San Luis Obispo, Calif.
SAN LUIS OBISPO, Calif. – San Luis Obispo-based general contracting firm John Madonna Construction Co. is proposing a $250 million, 342-unit CCRC in the area.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
ARCO Construction Co. Inc. broke ground Aug. 20 for Oak Pointe of Carthage, a new $7.4 million, 37,000 square foot senior living community at 300 W. Airport Road in Carthage, Mo. The project, which is set to be completed in May 2016, is being developed for ClearPath Senior Holdings, a developer of private-pay senior living […]
Post-Acute & Senior Living: Seniority Inc., Zenith Capital plan to develop $23.5 million, community near Seattle
COVINGTON, Wash. – Seniority Inc. and Zenith Capital announced plans Sept. 3 to develop a $23.5 million, 98-unit assisted living and memory care community on about 3 acres at 17006 S.E. Wax Road in Covington, about 30 miles southeast of Seattle.
Post-Acute & Senior Living: Immanuel Lutheran plans expanded and new senior projects in Kalispell, Mont.
KALISPELL, Mont. – Immanuel Lutheran Communities plans to expand and redevelop an existing senior living community and to develop a new one, both in Kalispell, a northwestern Montana community of about 21,000.
Post-Acute & Senior Living: Ryan Companies completes Illinois project and plans to start another in Indiana
LISLE, Ill., and SCHERERVILLE, Ind. – Ryan Companies US Inc. recently completed on senior living community in suburban Chicago and announced plans for another in northwest Indiana.
Post-Acute & Senior Living: Masonic Homes of Kentucky plans major campus expansion in Louisville
LOUISVILLE, Ky. – Masonic Homes of Kentucky is planning two projects that would add a total of 200 residences on its 82-acre campus off Frankfort Avenue in eastern Louisville.
Post-Acute & Senior Living: Oahu CCRC tower to open in March
Work continues on $75 million, 17-story Kalakaua Gardens senior living high-rise By Murray W. Wolf A property once envisioned as home to a mid-priced residential condominium project in the beachfront neighborhood of Waikiki on Hawaii’s Oahu Island is on its way to becoming the site of a continuing care retirement community (CCRC).
Post-Acute & Senior Living: New $121.5M development in Hayward Calif., to include 64 senior rental apartments
HAYWARD, Calif. – The City of Hayward broke ground Sept. 21 for three new residential communities, including 64 affordable rental apartments for seniors age 62 and older.
Post-Acute & Senior Living: Ventas launches SNF spin-off CCP
By Murray W. Wolf Ventas Inc. (NYSE: VTR) announced Aug. 18 that it has completed the previously announced spin-off of most of its post-acute/skilled nursing facilities (SNFs) portfolio into an independent, publicly traded REIT called Care Capital Properties Inc. (NYSE: CCP). CCP is a “pure-play” REIT that Ventas says will primarily own, acquire and lease SNFs operated by […]
Post-Acute & Senior Living: HFF closes $195 million sale of five-asset senior portfolio in the Southeast
DALLAS – Holliday Fenoglio Fowler LP (HFF) announced Aug. 10 that it had brokered the $195 million sale of a five-property senior housing portfolio totaling 709 units located in the Southeast.
Post-Acute & Senior Living: Evans Senior Investments facilitates the closing of three transactions
CHICAGO – Evans Senior Investments (ESI), a Chicago-based investment bank, recently reported that it had facilitated the sale of three separate senior living transactions in West Virginia, Pennsylvania and Ohio.
Post-Acute & Senior Living: Walker & Dunlap originates nearly $464.7M in loans for New Senior Investment
BETHESDA, Md. – In more news from Bethesda-based Walker & Dunlop, the commercial real estate finance company announced Aug. 19 that it originated 28 loans totaling almost $464.7 million, secured by a portfolio of 28 independent living properties (ILFs) acquired by New Senior Investment Group.
Post-Acute & Senior Living: Extendicare, Omega, JLL and New Senior all closed major transactions this summer
NATIONWIDE – This summer was closing time for several $100 million-plus post-acute and senior living transactions.