CNL Lifestyle Properties Acquires Indiana Senior Housing Community for $22 MILLION – 221 Unit Facility Located near Indianapolis
(ORLANDO, Fla.) July 2, 2013 – CNL Lifestyle Properties, Inc., a real estate investment trust (REIT), has acquired The Stratford Continuing Care Retirement Community, a 221-unit, Class A senior housing community in Carmel, Ind., for $22 million. The community will continue to be managed by Maxwell Group Inc., which currently manages properties in North Carolina, South Carolina, […]
News Release: Ryan Companies US, Inc. Begins Senior Housing Renovation Projects
Three Crowns Park is Converting Skilled Nursing Unit to Memory Care Center Friendship Village of Schaumburg Updating Various Interior and Exterior Spaces Naperville, Ill. (July 2, 2013)—Ryan Companies US, Inc. has begun senior housing renovation enhancements for Three Crowns Park in Evanston, Ill., and Friendship Village of Schaumburg in Schaumburg, Ill. These projects add to […]
News Release: Emeritus Senior Living Announces Lease of 38 Communities
SEATTLE, WA, June 27, 2013 – Emeritus Corporation (NYSE: ESC) (“Emeritus”), the nation’s largest provider of assisted living and memory care services, today announced that the Company has entered into definitive agreements with Health Care REIT, Inc. (NYSE: HCN) (“HCN”) and Merrill Gardens under which Emeritus will lease a total of 38 senior housing communities […]
Post-Acute & Senior Living: Firm puts its brand on senior sector
Caddis Partners plans to develop up to 12 senior residences in next 18 months By Murray W. Wolf Caddis Partners LLC, a healthcare real estate firm best known for its medical office buildings (MOBs), is jumping into the senior housing market with both feet. In recent weeks, the Dallas-based healthcare real estate development, management and […]
Post-Acute & Senior Living: CNL Healthcare Properties buys first skilled nursing portfolio for $56.4 million
ORLANDO, Fla. – CNL Healthcare Properties announced June 6 that has acquired six skilled nursing facilities in Arkansas for $56.4 million.
Post-Acute & Senior Living: Emeritus Corp. signs leases with Health Care REIT Inc. and Merrill Gardens
SEATTLE – Emeritus Corp. (NYSE: ESC) announced June 27 that it has agreed to lease a total of 38 senior housing communities in eight states totaling about 4,400 units. The facilities are owned by a joint venture composed of
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Cambridge Realty Capital Cos. says it has arranged $10.2 million in U.S. Department of Housing and Urban Development (HUD) LEAN loans to refinance four skilled nursing home properties owned by North American Health Care Inc. in California and Utah. Cambridge Chairman Jeffrey A. Davis said the fully-amortized loans were arranged for
News Release: Fed Economists Say Economy Will Be Improving Next Year, Which Means Interest Rates Will Be Rising As Well
If a projection by staffers at the Federal Reserve Bank of New York is spot-on, the central bank may be rethinking fiscal policy changes sooner than expected. “A prediction that policy changes in an improving economy could come as early as the fourth quarter of 2014 is an important heads-up that senior housing/healthcare borrowers will […]
News Release: Cambridge Arranges $10.2 Million in HUD Lean Loans to Refinance Four North American Healthcare Nursing Homes in California and Utah
Cambridge Realty Capital Companies reports arranging $10.2 million in HUD Lean loans to refinance four skilled nursing home properties owned by North American Health Care, Inc. in California and Utah. Cambridge Chairman Jeffrey A. Davis said the fully-amortized loans were arranged for the owner using HUD?s Section 232 pursuant to Section 223(a)(7) funding program, which […]
News Release: Caddis Partners unveils new brand, new project
The Dallas-based real estate firm launches Heartis and announces its first development under the new name: the 96-bed Heartis Cleburne assisted living and memory care community near Fort Worth DALLAS, June 12, 2013 – Caddis Partners LLC, a Dallas-based healthcare real estate development firm, announces the launch of its senior living brand, Heartis, as well […]
News Release: CNL Healthcare Properties Acquires First Skilled Nursing Communities Portfolio for $56.4 Million
Portfolio comprises six facilities in Arkansas (ORLANDO, FL) June 6, 2013 – CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired six skilled nursing properties in Arkansas for $56.4 million. This portfolio marks the company’s first acquisition in the post-acute care space. “We are excited to introduce skilled […]
Companies & People: All systems go for MedProperties
After closing its first fund the investment firm launches $150 million second fund By John B. Mugford When MedProperties Holdings LLC entered the healthcare real estate (HRE) sector in 2007, principals with the private equity firm spent plenty of time spreading the word about what they could offer to developers, buyers and lenders. As the […]
Post-Acute & Senior Living: Rehab hospital is a sign of the times
Duke Realty moves into post-acute space as providers try to trim readmissions By Murray W. Wolf One of the most talked-about aspects of the Patient Protection and Affordable Care Act (PPACA), or healthcare reform, is that hospitals and health systems now face financial penalties for above-average rates of readmissions for certain “preventable” conditions covered by […]
Post-Acute & Senior Living: More Post-Acute and Senior Living Real Estate News
• Grandbridge Real Estate Capital’s Seniors Housing Team recently closed three seniors housing transactions totaling more than $23.4 million.
News Release: Cambridge Arranges $3.7 Million HUD Lean Loan to Refinance Metropolis Nursing and Rehab Center in Metropolis, Illinois
Cambridge Realty Capital Companies reports closing a $3.7 million HUD Lean first mortgage loan for Metropolis Nursing and Rehabilitation Center, a 103-bed skilled-care nursing home in Metropolis, Ill. Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 30-year term mortgage was arranged for the owner, a Missouri limited liability company, using the HUD Section 232 pursuant […]