Post-Acute & Senior Living: Balfour breaks ground for $74 million senior living community in Denver
DENVER – Louisville, Colo.-based Balfour Senior Living announced that it has broken ground on the $74 million, 275,000 square foot Balfour at Riverfront Park at 15th and Little Raven streets in downtown Denver. The independent living, assisting living and memory care community will be adjacent to the historic Moffat Train Depot, which will be incorporated […]
Post-Acute & Senior Living: Buckner goes big in North Dallas
$108 million, two-building, 12-story, 314-unit Ventana project to open by 2018 By Connie M. McCaffrey The Buckner Retirement Services unit of Buckner International, a global faith-based ministry that serves vulnerable children, senior adults and families, announced plans March 28 for Ventana by Buckner, a 314-apartment senior living community in North Dallas. Financial details were not […]
Post-Acute & Senior Living: The LaSalle Group breaks ground for two Texas senior living communities
GEORGETOWN and AUSTIN, Texas – Irving, Texas-based The LaSalle Group, which designs, develops and builds Autumn Leaves senior communities, recently broke ground for new communities in Georgetown and Austin. In Georgetown, The LaSalle group broke ground for Autumn Leaves of Georgetown at 3600 Williams Drive. The 26,000 square foot, $10.3 million community will provide expert […]
Post-Acute & Senior Living: National Health Investors pumps $42 million into Prestige senior facilities
MURFREESBORO, Tenn. – National Health Investors Inc. (NYSE: NHI), a healthcare REIT, announced a $42 million sale-leaseback arrangement with Vancouver, Wash.-based Prestige Senior Living, which operates senior communities throughout the western United States.
Post-Acute & Senior Living: Senior living community, new homes planned for Centerville, Ohio
CENTERVILLE, Ohio – A new senior living community will be built on a 65-acre tract of land along Social Row Road between Sheehan and Paragon roads in Centerville. Sixty-five to 75 single-family homes also will be built on the land for a total project cost of $60 million. The main senior living complex, which will […]
Post-Acute & Senior Living: Senior housing posted occupancy gains during first quarter, NIC says
ANNAPOLIS, Md. – The average occupancy rate for senior housing facilities in the first quarter (Q1) of 2014 was 89.8 percent, an increase of 0.1 percentage points from the previous quarter and a 0.8 percentage point increase over last year. That’s according to the National Investment Center for the Seniors Housing & Care Industry (NIC), […]
Post-Acute & Senior Living: NorthStar to acquire $1.05B healthcare portfolio from Formation Capital, Safanad
NEW YORK – NorthStar Realty Finance Corp. (NYSE: NRF) announced March 17 that it has agreed to acquire a $1.05 billion healthcare real estate (HRE) portfolio from investment partnerships owned and managed by Formation Capital LLC or its affiliates and Safanad Ltd. The portfolio includes 43 primarily private-pay senior housing facilities and 37 skilled nursing […]
Post-Acute & Senior Living: AEW makes $104 million acquisition of three Balfour senior communities
LOUISVILLE, Colo. – AEW Capital Management LP, which provides real estate investment management services to investors worldwide, announced last month that it has acquired a portfolio of three Class A senior living communities totaling 296 units from Balfour Senior Living in Louisville about 21 miles north of Denver. The transaction is valued at $104 million, […]
Post-Acute & Senior Living: CNL Healthcare acquires four senior housing communities for $88.3M
ORLANDO, Fla. – In more news from CNL, the healthcare REIT announced that it has acquired four senior housing communities totaling 457 units in Washington for about $88.3 million. The communities include 136 independent living residences, 297 assisted living units and 24 memory care units. The properties are Bridgewood at Four Seasons Retirement & Assisted […]
Post-Acute & Senior Living: CNL to develop S.C. senior community
$35.3 million Wellmore of Tega Cay to include 152 units in six buildings By Connie M. McCaffrey CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, announced plans to invest about $35.3 million to develop a 152-unit senior housing community in Tega Cay, S.C. The community will include […]
Post-Acute & Senior Living: Caddis begins developing two Heartis senior living communities In Houston
HOUSTON – National healthcare real estate firm Caddis Partners LLC announced that it has begun construction on two 78-unit, approximately 63,000 square foot Heartis senior communities in the Houston markets of Cypress and Clear Lake. The communities, which will include 54 assisted living units and 24 memory care units, will be owned by Caddis. Eugene, […]
Post-Acute & Senior Living: Swedish firm to invest in U.S. projects
Index International strikes $500M development deal with Watercrest Senior Living By Murray W. Wolf Watercrest Senior Living Group, a Vero Beach, Fla.-based real estate developer and operator, and Index International AB, a Stockholm, Sweden-based investment firm, say they have finalized a $500 million, five-year partnership to co-develop senior living communities across the United States. The […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
Interwest Capital Corp., a La Jolla, Calif.-based private equity firm, and Angelo Gordon & Co., a privately-held New York-based investment adviser, recently acquired a Las Vegas senior housing portfolio out of foreclosure in a transaction valued at about $150 million.
Post Acute & Senior Living: Carter Validus buys rehab hospital
REIT invests $22 million in 40-bed, 50,000 square foot facility in San Antonio By Murray W. Wolf Tampa, Fla. – based Carter Validus Mission Critical REIT Inc., an unlisted real estate investment trust (REIT), recently acquired Warm Springs Rehabilitation Hospital of Westover Hills in San Antonio. Carter Validus, which acquires data center and healthcare properties, […]
Post Acute & Senior Living: Ocean Healthcare adds to portfolio by buying SNF, psychiatric unit
BLACKWOOD, N.J. – Lakewood, N.J.-based Ocean Healthcare, which operates more than 20 facilities in New Jersey, recently acquired a 300-bed skilled nursing facility and 150-bed acute care psychiatric unit in Blackwood, about 15 miles outside of Philadelphia. Camden County Health Services Center sold the property for more than $37 million, according to the Chicago and […]