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 […]
Post-Acute & Senior Living: ISL breaks ground on three-story community in Salt Lake City
SALT LAKE CITY. – Integral Senior Living (ISL) says it is hoping to bring a new senior living experience, set against the Wasatch Mountain Range, that is both excellent in care and aesthetically pleasing to its residents. The Carlsbad, Calif.-based community manager recently broke ground on The Ridge Senior Living, an assisted living and memory […]
Post-Acute & Senior Living: Upgrades to upscale Casa Dorinda senior community come with $30M price tag
MONTECITO, Calif. — The upscale senior community, Casa Dorinda, in the Santa Barbara enclave of Montecito, once a lavish private residence, has been working on a facelift for its master plan over the past 10 years. Recent estimates put those proposed upgrades at about $30 million.
Post-Acute & Senior Living: Friendship Village of Dublin, Ohio, to undergo five-year, $61 million expansion
COLUMBUS, Ohio — Central Ohio’s largest retirement community is about to get a lot bigger. Friendship Village of Dublin recently announced it will undergo a five-year, $61 million expansion, with plans to add a senior apartment building with 51 units and extensive renovations to existing facilities.
Post-Acute & Senior Living: Capital Seniors Housing announces four new senior communities to open in 2015
WASHINGTON, D.C. – Capital Seniors Housing (CSH), a senior housing real estate development and investment firm, recently announced four new senior housing communities across the country opening in 2015.
Post-Acute & Senior Living: Former Accretive CEO raising $500M to invest in healthcare, including senior living
CHICAGO – A subsidiary of a new private equity firm founded by the former CEO of Accretive Health Inc. is beginning to acquire senior living facilities.
Post-Acute & Senior Living: Enlivant closes on $334.4M Fannie Mae credit facility from KeyBank Real Estate
CHICAGO – Enlivant (formerly Assisted Living Concepts) of Chicago recently closed a $334.4 million Fannie Mae credit facility from KeyBank Real Estate Capital for a national portfolio of senior living communities.
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Russell Construction Co. has proposed The Point, a three-phase $42 million, senior living community on about 9 acres in Moline, Ill. According to The Dispatch, a local newspaper, the $25 million first phase of development would include 65 independent living units, 52 assisted living units and 18 memory care units. The $11.9 million second phase […]
Post-Acute & Senior Living: NHI lends $154.5M for CCRC project
Firm will use funds to recapitalize and expand Seattle-area senior living campus By Erin E. Porter National Health Investors Inc. (NYSE: NHI) recently announced finalization of a $154.5 million loan to Timber Ridge at Talus, a Seattle-area entrance-fee senior living community. The Class A community, located in the southeast suburb of Issaquah, will use the […]
Post-Acute & Senior Living: HCP, Brookdale, plan $849M deal
REIT and operator use RIDEA structure to acquire 5,025-unit Chartwell portfolio By Murray W. Wolf Healthcare real estate investment trust (REIT) HCP Inc. (NYSE: HCP) and senior living operator Brookdale Senior Living Inc. (NYSE: BKD) announced March 17 that they have entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of 35 private-pay senior living […]
Post-Acute & Senior Living: Cambridge sees upswing in 2015 loans, arranges refis for S. California communities
CHICAGO – Cambridge Realty Capital Cos. has gotten 2015 off to a fast start with an increase in loan origination requests, and announced two HUD Lean Loans for senior communities in the Los Angeles area.
Post-Acute & Senior Living: Sinai Residences to be completed in December; sells out, starts waiting list
BOCA RATON, Fla. — The upscale Sinai Residences in Boca Raton, which is scheduled to open in December, is sold out and has started a waiting list, its organizers announced recently.
Post-Acute & Senior Living: Four memory care facilities planned
High demand allows MedProperties Holdings and LaSalle Group to move quickly By John B. Mugford With memory care services experiencing booming demand throughout the country, some real estate firms and investors are moving into the space with new projects. One such partnership involves
Post-Acute & Senior Living: HCN lands 10 Benchmark facilities
Public REIT pays $391 million for assisted living portfolio in New England By John B. Mugford There is no doubt that Toledo, Ohio-based Health Care REIT (NYSE: HCN), is bullish on the seniors housing sector, as the publicly traded real estate investment trust (REIT) continues to rack up acquisitions in the space. Validating this notion […]
Post-Acute & Senior Living: More Post-Acute & Senior Living Project News
■ Birmingham, Ala.-based developer Dominion Partners recently started construction on the