Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc., announced Aug. 3 that it handled the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh, N.C. IPA Executive Director Mark Myers, Senior Director Joshua Jandris and Associate Director Charles Hilding, […]
Post-Acute & Senior Living: Senior housing occupancy declines
NIC blames slight second quarter dip on inventory growing faster than demand By Erin E. Porter The National Investment Center for Seniors Housing & Care (NIC) reported last month that seniors housing occupancy slipped again in the second quarter (Q2) of 2015. The average occupancy rate was
Post Acute & Senior Living: More Post-Acute & Senior Living Project News
Walker & Dunlop (NYSE: WD), a Bethesda, Md.-based commercial real estate finance firm, announced that it has made a one-year, $11 million acquisition bridge loan for Fort Myers, Fla.-based Campo Felice Riverfront Housing. Plans call for the loan to be used to convert a vacant hotel into a 323-unit independent living facility. The MacFarlane Group […]
Post Acute & Senior Living: HFF brokers sale of multi-state senior housing portfolio and Utah ALF
DALLAS – The Dallas office of HFF (Holliday Fenoglio Fowler LP) announced that it has closed the sale of a multi-state, 14-property seniors housing portfolio. In a separate transaction, it also brokered the sale of a senior community in Provo, Utah.
Post Acute & Senior Living: Ventas pulls trigger on its announced SNF spin-off, creating new REIT
CHICAGO – Ventas Inc. (NYSE: VTR) recently acted upon its previously announced plan to create a new spin-off entity, a skilled nursing facility (SNF) REIT. According to a Form 10 registration statement filing with the SEC, the new entity is known as Care Capital Properties Inc. (CCP), a publicly traded REIT. The new company holds […]
Post Acute & Senior Living: Prudential Real Estate Investors tops expectations with $629M capital raise
MADISON, N.J. – Madison-based Prudential Real Estate Investors (PREI), a division of Prudential Financial Inc. (NYSE: PRU), recently closed a $629 million comingled fund, its fifth and largest such fund. The company says it is investing the capital in three popular types of senior housing: memory care, assisted living and senior apartments.
Post Acute & Senior Living: NorthStar pays $640M for CCRCs
The REIT acquired 3,637 units from subsidiaries of Fountains Senior Living By Erin E. Porter New York-based NorthStar Healthcare Income Inc. recently entered a purchase and sale agreement and joint escrow arrangement for the $640 million purchase a portfolio of 15 continuing care retirement communities (CCRCs) with 3,637 units, according to a Form 8-K filing […]
Post Acute & Senior Living: SNH acquisition tops $790 million
Trust closed May 1 on 37-community deal with CNL Lifestyle Properties Inc. By Erin E. Porter Senior Housing Properties Trust (NYSE: SNH), a Newton, Mass.-based real estate investment trust (REIT), recently announced that it has closed on the acquisition of a $763 million portfolio containing 37 private pay senior living communities across 16 states.
Post-Acute & Senior Living: NIC: Senior housing occupancy slips
Small Q1 decline blamed on weak absorption and moderate rise in inventory By Erin E. Porter The National Investment Center for Seniors Housing & Care (NIC) reported last month that seniors housing occupancy declined slightly during Q1 2015.
Psot-Acute & Senior Living: More Post-Acute & Senior Living News
Cushman & Wakefield Senior Housing Capital Markets has advised the parties in a joint venture between Westminster Capital and LCS in the sale of Wyndermere, a 432-unit continuing care retirement community (CCRC) in the affluent Chicago suburb of Wheaton, Ill. The buyer of the stabilized entrance fee community was ROC Seniors Housing, a private equity […]
Post-Acute & Senior Living: NorthStar buys $875 million independent living portfolio from Harvest Facility Holdings
NEW YORK– In a recent U.S. Securities and Exchange Commission filing, it was announced that a joint venture between NorthStar Realty and NorthStar Healthcare (NorthStar) acquired an $875 million portfolio of 32 independent living communities from affiliates of Harvest Facility Holdings.
Post-Acute & Senior Living: ACTS Retirement-Life Communities to invest $300M in CCRC renovatio
PHILADELPHIA– ACTS Retirement-Life Communities (ACTS), the largest not-for-profit owner, operator and developer of CCRCs in the United States, recently announced a strategic plan to make $300 million in renovations and repositioning of its communities over the next three years. The investment is being made in preparation for the arrival of the next generation of retirees.
Post-Acute & Senior Living: New Senior reports $435M senior housing acquisition and $670M financing
NEW YORK– New Senior Investment Group Inc., a REIT focused on investing in senior housing properties across the United States, recently announced the completion of its $435 million acquisition from affiliates of Hawthorn Retirement Group of 17 private pay, independent senior housing properties. The portfolio consists of 2,082 units across 10 states, is 100 percent […]
Post Acute & Senior Living: JV acquires $849 million portfolio
Brookdale Senior Living teams up with HCP on 35 private pay communities By Daniel H. Larson Brentwood, Tenn.-based Brookdale Senior Living (NYSE: BKD) and HCP Inc. (NYSE: HCP) of Irvine, Calif., recently announced their collaborative acquisition of an $849 million senior housing portfolio from Mississauga, Ontario-based Chartwell Retirement Residencies.
Post-Acute & Senior Living: Granite Investment Group buys $7.2 million facility near Kansas City, Kan.
SHAWNEE, Kan. – Irvine, Calif.-based Granite Investment Group announced its acquisition of Shawnee Heartland Assisted Living, a 48-unit facility located in the Kansas City, Kan., suburb of Shawnee. The sale is a $7.2 million sale-leaseback transaction completed at an all-in cap rate of about 8.4 percent and includes a long-term bond net lease that expires […]