Post-Acute & Senior Living: MedEquities Realty Trust acquires IRF in Indiana for $23.4 million; signs Vibra to 15-year lease
NEW ALBANY, Ind. – MedEquities Realty Trust Inc. (NYSE: MRT), a real estate investment trust (REIT), recently acquired the Southern Indiana Rehabilitation Hospital.
Post-Acute & Senior Living: Senior housing occupancy falls
Q2 rate across all senior product types was 87.9 percent – an eight-year low By John B. Mugford Senior housing occupancy rates across all product types have dipped to their lowest point in more than eight years, evidently because new construction has outpaced new demand. Last month, we took a look at the falling occupancy […]
Post-Acute & Senior Living: Welltower transaction to further reduce concentration with Brookdale Senior Living
TOLEDO, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) is entering a new restructuring transaction with Brookdale Senior Living Inc. (NYSE: BKD) designed to reduce its concentration with the senior housing operating firm even further.
Post-Acute & Senior Living: The Sanders Trust, as developer/owner, opens $21 million rehab hospital in Des Moines, Iowa
DES MOINES, Iowa – Birmingham, Ala.-based The Sanders Trust (TST) recently opened Mercy Rehabilitation Hospital, Iowa’s first freestanding rehabilitation hospital.
Post-Acute & Senior Living: Prevarian Senior Living refinances one of its Texas communities; Capital One provided the loan
NACOGDOCHES, Texas – In more news from Capital One Healthcare, the company recently provided a $9.3 million Fannie Mae fixed-rate loan to refinance a 59-unit seniors housing facility in Nacogdoches, about 180 miles southeast of Dallas.
Post-Acute & Senior Living: Confluent Senior Living, Harbor Retirement start senior community in Oklahoma City
OKLAHOMA CITY – Construction has started on a future 102,000 square foot assisted living and memory care community about 7.5 miles south of downtown Oklahoma City.
Post-Acute & Senior Living: Griffin-American Healthcare REIT IV to acquire nursing facilities in Missouri for $88.2 million
MISSOURI – Irvine, Calif.-based Griffin-American Healthcare REIT IV (G-A REIT IV), a non-traded real estate investment trust (REIT), has agreed to acquire eight skilled nursing facilities (SNFs) in Missouri for $88.2 million.
News Release: HFF announces financing for senior housing development in Denver, Colorado
Dallas, TX – August 23, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for the development of Solera at Cherry Creek, a Class A seniors housing development in the Cherry Creek neighborhood of Denver, Colorado. The HFF team worked on behalf of the developer, a joint venture between affiliates of Banner Senior, LLC, […]
News Release: ESI Arranges Sale of Arizona Skilled Nursing Facility for $15M
Tucson, AZ – August 20th, 2018 – Evans Senior Investments (ESI) successfully represented the sale of Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility in Tucson, for $15 million or $71,000 per bed. Built in 1983, the facility was managed by Avalon Healthcare. Located in southern Tucson with 211 operating beds, it was Avalon’s […]
News Release: Ventas to Acquire Distinctive Seniors Housing Community in Manhattan
News Release — Ventas, Inc. (NYSE: VTR) announced today that it has signed a definitive agreement to acquire a premier seniors housing community (“Battery Park” or the “Community”) located in the appealing Battery Park City neighborhood of downtown Manhattan for approximately $194 millionfrom Brookdale Senior Living (“Brookdale”). “The Battery Park acquisition firmly establishes Ventas as the market […]
News Release: Birmingham-Based Leading Healthcare Real Estate Company Announces $24 Million Acquisition in Tulsa, Oklahoma
The Sanders Trust Acquires $24.5 Million Tulsa, Oklahoma Rehabilitation Hospital Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announced a $24.5 million acquisition in Tulsa, Oklahoma in July 2018. Built in 2017, PAM (Post Acute Medical) Rehabilitation Hospital is a state-of-the-art, 40-bed inpatient rehabilitation hospital. With over […]
News Release: UC Davis Announces New Second Hospital on University’s Sacramento Campus
Joint Venture, Inpatient Rehab Hospital Is First Aggie Square Project Sacramento, Calif. – The University of California, Davis, today announced that along with Kindred Healthcare, it will construct and operate a second hospital on its downtown Sacramento campus to provide more inpatient rehabilitation services in Sacramento County. The facility will provide care for twice as […]
News Release: Construction has Commenced on new Atlantic Health Rehabilitation Institute!
PRESS RELEASE: The Atlantic Rehabilitation Institute for Atlantic Health System and Kindred Healthcare in Madison, NJ. Madison, NJ, and INDIANAPOLIS, August 7, 2018 – Bremner Real Estate is pleased to announce that construction has commenced for the joint venture between Atlantic Health and Kindred Healthcare. The Indianapolis-based healthcare real estate developer states the development is a […]
News Release: Griffin-American Healthcare REIT IV Acquires 53-Unit Assisted Living Facility Near St. Louis
ST. LOUIS (August 6, 2018) – American Healthcare Investors, LLC and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired Pinnacle Warrenton Assisted Living Facility, a 53-unit assisted living facility located in the St. Louis suburb of Warrenton, Missouri, for $8.1 million. The acquisition was completed pursuant to […]
News Release: Capital One Closes $36.6 Million Loan to Meridian Senior Living for Acquisition of Ohio Senior Housing Facilities
Capital One Closes $36.6 Million Loan to Meridian Senior Living for Acquisition of Ohio Senior Housing Facilities Bethesda, Md. (July 25, 2018) – Capital One announced today that it provided a $36.6 million adjustable-rate loan to finance the acquisition of a portfolio of three senior housing communities in Ohio. The properties were developed by Alcore Senior, which […]