Post-Acute & Senior Living: Mainstreet Health Investments pays $152 million for properties in U.S., Canada
TORONTO – Toronto-based Mainstreet Health Investments (MHI), the investment arm of Carmel, Ind.-based Mainstreet, continues to grow its senior portfolio, as it recently acquired seven senior communities with 739 beds and five developable parcels in the United States and Canada for $152 million.
Post-Acute & Senior Living: Long-time Southeast Mich. homebuilder entering senior housing sector in a big way
AUBURN HILLS, Mich. – Auburn Hills-based Moceri Cos. has been in the homebuilding business in southeast Michigan for 60 years.
Post-Acute & Senior Living: Historic Ill. hospital gets new life
Chicago developer taps into state incentives to convert building to 60 units By John B. Mugford A vacant, Art Deco-style hospital building in the Chicago suburb of Aurora, Ill., saw its last days as an inpatient facility many years ago.
News Release: Capital One Closes $162.5 Senior Secured Credit Facility for Palm Garden Healthcare
Bethesda, Md. (October 24, 2016) – Capital One announced today that it served as sole lead arranger and administrative agent for a $162.5 million senior secured credit facility consisting of a real estate term loan, a capex line of credit and an asset-based revolver. Palm Garden Healthcare, the borrower, owns 14 skilled nursing facilities and an […]
Post-Acute & Senior Living: New JV plans $500M+ portfolio
Berkshire teaming with developer/owner of senior communities on West Coast By John B. Mugford In a classic example of an institutional investor teaming up with a firm that focuses on the development, ownership and operations of projects in specific real estate sectors, Boston-based Berkshire Group recently announced the formation of a partnership with Newport Beach, […]
Industry Pulse: Projects combining MOBs, senior housing
Plans for one medical-senior site also include a Chick-fil-A Anyone who follows or participates in the senior housing sector, the medical office building (MOB) sector – or both – has long known that older people are big users of the services offered in MOBs. Yet, for years upon years, the two classifications of healthcare real […]
News Release: Caddis setting a new standard with fifth Dallas/Fort Worth community
The national healthcare real estate firm is building an amenity-filled independent living, memory care and assisted living residence in Bedford FORT WORTH and DALLAS, Texas, Sept. 21, 2016 – About a month after the grand opening of Heartis® Arlington, three months after opening its popular Heartis Eagle Mountain community and a year after the grand […]
News Release: Investors Real Estate Trust Announces Planned Dispositions of Senior Housing Properties for $236.0 Million
Expected Closings in Calendar 2017 Would Complete Exit from Senior Housing Portfolio- MINOT, N.D., Aug. 31, 2016 /PRNewswire/ — Investors Real Estate Trust (NYSE: IRET) (NYSE: IRETPR) (NYSE: IRETPRB) (the “Company”), a real estate investment trust focusing on the acquisition, development, redevelopment and management of multifamily communities located primarily in select growth markets throughout the Midwest, […]
Post-Acute & Senior Living: Agreement would have 29 skilled nursing facilities hitting the market soon
IRVINE, Calif. – Even though there might be a perception that healthcare real estate (HRE) investors are shying away from skilled nursing facilities (SNFs), Irvine-based Sabra Health Care REIT (Nasdaq: SBRA) has not been one of them.
Post-Acute & Senior Living: Welltower making a big buy in Calif.
REIT to pay $1.15 billion for 19 properties from Vintage Senior Living By John B. Mugford In a $1.15 billion deal that’s expected to close in tranches starting in September, Welltower Inc. (NYSE: HCN) has entered into a definitive agreement to acquire a portfolio of 19 properties in Northern and Southern California from the current […]
Post-Acute & Senior Living: Sunrise to operate senior housing facility being built by Welltower, Hines
NEW YORK – In more news from Welltower, the REIT recently announced that McLean, Va.-based Sunrise Senior Living will operate a senior living community under development in Midtown Manhattan.
Post-Acute & Senior Living: Presbyterian Homes begins $70 million expansion of The Moorings in Arlington Heights, Ill.
ARLINGTON HEIGHTS, Ill. – Not-for-profit Presbyterian Homes Community recently began a $70 million expansion of The Moorings of Arlington Heights, which will include a new chapel/fellowship hall, 70 new assisted living apartments and 20 additional assisted living/memory support units.
Post-Acute & Senior Living: Welltower-Hines unveil NYC plans
JV paid $115 million to assemble site of planned 15-story senior and retail project By John B. Mugford Healthcare real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) and real estate investment, development and management firm Hines recently unveiled plans for their previously announced proposed 15-story, 125,000 square foot retail and senior living building in […]
Post-Acute & Senior Living: La Posada plans 268-unit, $100 million senior living community near Tucson, Ariz.
TUCSON, Ariz. – Non-profit owner/operator La Posada is developing a 50,000 square foot, nearly $100 million senior living community called Nakoma Sky on 79 acres in Tucson.
Post-Acute & Senior Living: CA Ventures affiliate forms JV with Goldman Sachs to launch 14 senior housing communities
CHICAGO – CA Senior LLC (CAS), the senior housing firm of parent company Chicago-based CA Ventures, has formed a joint venture (JV) with an affiliate of Goldman Sachs & Co. to develop 14 senior housing communities across the country.