Post-Acute & Senior Living: New Senior plans largest buy to date
‘Pure play’ senior housing REIT to pay $435M for 17-asset portfolio in 10 states By Daniel H. Larson New York-based Newcastle Investment Corp.’s spin-off company, New Senior Investment Group, recently announced its biggest deal yet.
Post-Acute & Senior Living: The Wesley Community plans $42 million senior care facility in Upstate NY
MALTA, N.Y. – Saratoga Hospital is teaming up with The Wesley Community in planning a new $42 million senior-living apartment complex in Malta, a small town about 25 miles north of Albany in Saratoga County, N.Y. The Wesley Community is a not-for-profit entity sponsored by Hutchinson, Kan.-based United Methodist Health. It currently operates a 36-acre […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Franklin Park Stone Oak of San Antonio has secured $20 million in financing to move forward on the assisted living facility’s second phase. Plans calls for adding 63 independent living units to the 99 units built in 2011. Construction would begin in the second quarter (Q2) of 2015 and completed in 2016. Chicago-based Harrison […]
Post-Acute & Senior Living: Big Rock bringing luxury to Florida
A new $60 million CCRC is coming to Celebration, Fla. to meet rising demand By Daniel H. Larson With years of healthcare real estate experience, Big Rock Partners LLC Senior Managing Principal Richard Ackerman knows how to stay on top of industry trends. The real estate executive even teaches a class on commercial real estate […]
Post-Acute & Senior Living: NHI acquires eight properties in South Atlantic for $476 million
MURFREESBORO, Tenn. – National Health Investors (NYSE: NHI) recently announced its acquisition of eight senior housing communities in four states for $476 million. The Murfreesboro, Tenn.-based real estate investment trust (REIT) plans to enter a 15-year master lease with Senior Living Communities, LLC (SLC) of Charlotte, N.C., for the properties.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Evans Senior Investments recently brokered the sale of Legacy Village of Layton to an undisclosed non-traded REIT for $68 million. The Class A property, which opened in 2010, sits just north of Salt Lake City and features 108 independent living units, 74 assisted living units, 24 memory care units and 40 skilled nursing and […]
Post-Acute & Senior Living: Firms teaming up on big UK deal
HCP Inc. is backing $630M acquisition led by Formation Capital and Safanad Ltd. By Dan Larson With senior housing properties in such high demand, prices continue to rise to record levels. As a result, many investors are looking across the pond to find opportunities. Irvine, Calif.-based HCP Inc. (NYSE: HCP), is one such investor, as […]
Post-Acute & Senior Living: NorthStar stays active in seniors sector with $170 million in investments
NEW YORK – Greenwood Village, Colo.-based NorthStar Healthcare Income Inc., a non-traded REIT, recently announced $170 million worth of investments in an assisted living portfolio and a mezzanine loan backed by a skilled nursing and assisted living portfolio. Sponsored by NorthStar Asset Management Group, the REIT invests in all facets of the senior housing sector.
Post-Acute & Senior Living: Following Omega deal, Aviv REIT announces $305M, 28-asset portfolio purchase
CHICAGO – Just days after disclosing a planned $10 billion merger with Omega Healthcare Investors, Chicago-based Aviv REIT (NYSE: AVIV) announced the acquisition of a $305 million portfolio from Diamond Senior Living LLC, a subsidiary of General Electric Credit Corp. of Tennessee. The deal includes 29 properties and is the largest company acquisition in 30 […]
Post-Acute & Senior Living: Medical Properties Trust makes big buys, including $900M deal in Germany
BIRMINGHAM, Ala. – Birmingham-based Medical Properties Trust Inc. (NYSE: MPW) is expanding its senior healthcare brand to Germany. The real estate investment trust recently announced a plan to acquire and lease back all of the real estate assets currently held by MEDIAN Kliniken Group, the largest private provider of post-acute and acute rehabilitation facilities in […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Murfreesboro, Tenn.-based National Health Investors (NYSE: NHI) is planning to lend $154.5 million to recapitalize and finance the expansion of Timber Redige at Talus, a continuing care retirement community in Issaquah, Wash. The facility serves the greater Seattle area and currently has 184 independent living apartments which are 95 percent occupied. The expansion plans […]
Post Acute & Senior Living: Sabra expands in multiple deals
REIT announces 29 new senior living property acquisitions worth $609 million By Dan Larson Maryland-based Sabra Health Care REIT Inc. (NYSE: SBRA) is wasting no time in expanding its portfolio. In just a two week span, the real estate investment trust (REIT) completed separate deals totaling $609 million that will bring in 29 new senior […]
Post-Acute & Senior Living: CNL Lifestyle Properties buys two communities in Atlanta metro area
ORLANDO, Fla. – Sponsored by CNL Capital Group, CNL Lifestyle Properties Inc. is a real estate investment trust (REIT) that focuses on demographically driven properties featuring everything from ski resorts to golf courses. Along with recreation and attractions, the REIT has also made a name for itself in the senior housing market.
Post-Acute & Senior Living: Construction begins on $75 million senior living high-rise in Hawaii
HONOLULU – San Francisco-based Island Paradise Investments is finally bringing its business to the Aloha State. After several years of delay, construction has begun on Kalakaua Garden, a $75 million senior living high-rise in Honolulu. The 17-story, high-end living facility features 106 assisted living units, 32 memory care units and 49 skilled nursing beds. It […]
Post-Acute & Senior Living: Otterbein Senior Lifestyle Choices plans $20 million expansion to CCRC in Ohio
LEBANON, Ohio – Otterbein Senior Lifestyle Choices is looking to expand its continuing care retirement community (CCRC) in Lebanon, a small town in southwestern Ohio. The senior care operator, also based in Lebanon, will soon begin construction on a $20 million addition to its current facility to add more housing.