News Release: Strawberry Fields REIT Issues New Bond Series B for $65.6 Million
Strawberry Fields REIT LLC (Strawberry Fields), an owner and lessor of nursing homes, long-term acute care hospital facilities and medical office buildings in the Midwestern and Southern U.S., today announced it has raised $67.1 million in Bond Series B for a net amount of $65.6 million, after raising costs of $1.5 million. The debentures are […]
News Release: Confluent Senior Living Completes Sale of Fort Collins Senior Living Community
Kayne Anderson Real Estate acquires MorningStar of Fort Collins Confluent Senior Living, a subsidiary of Denver-based real estate investment and development firm, Confluent Development, is pleased to announce the sale of its MorningStar of Fort Collins senior living community. Previously the owner of the project, Confluent Senior Living co-developed the community with its operating partner […]
News Release: Caddis opens second Heartis senior living community in Illinois
The national healthcare real estate firm, known for its Texas senior residences, held a ribbon-cutting ceremony for the community in Orland Park near Chicago ORLAND PARK, Ill., and DALLAS, May 2, 2018 – Renowned for its many Heartis® senior living communities in Texas, Caddis™ recently opened its second assisted living and memory care senior residence in Illinois – […]
Post-Acute & Senior Living: Assisted living community changes hands in Bellingham, Wash.; ESI represented the seller
In more news from ESI, the firm also recently brokered the $7.03 million sale of the 66-unit Rosewood Villa, a 66-unit assisted living community in Bellingham, Wash., about 87 miles north of Seattle.
Post-Acute & Senior Living: Encompass Health to build its eighth inpatient rehab hospital in Greater Houston
In more news from Encompass Heath Corp., the company has announced plans for its eighth inpatient rehabilitation hospital in Greater Houston. A $25 million, 40-bed facility is planned for a 90
Post-Acute & Senior Living: Sheltering Arms, VCA Health plan $119 million rehab hospital near Richmond, Va.
Plans are moving forward for the building of a $119 million, 114-bed rehabilitation hospital in Goochland County, northwest of Richmond, Va. The hospital will be a joint venture of
Post-Acute & Senior Living: Illinois senior housing portfolio sells for $32.6 million; Evans Senior Living (ESI) brokers sale
The Legacy Place Portfolio of four senior living facilities in southern Illinois recently traded for $32.6 million. Representing the seller, an independent owner/operator, was Chicago-based Evans Senior
Post-Acute & Senior Living: In a JV, Encompass Health, formerly HealthSouth, to build rehab hospital in Idaho
Birmingham, Ala.-based Encompass Health Corp. (NYSE: EHC), formerly called HealthSouth Corp., recently formed a joint venture with Boise-based Saint Alphonsus Regional Medical Center
Post-Acute & Senior Living: Senior housing optimism rising
2017 sales increase 14.4%; PwC/ULI report calls the sector a ‘best bet for 2018’ By John B. Mugford Momentum is now building for the senior housing sector, as updated figures for 2017 indicate that the total sales volume for the year was $16.6 billion, an increase of 14.4 percent over 2015, according to a late-February […]
Post-Acute & Senior Living: While still low, senior housing occupancy rate holds steady in Q4 at 88.8 percent
The occupancy rate for seniors housing properties nationwide averaged 88.8 percent in the fourth quarter (Q4) of 2017, according to statistics released in January by the National Investment Center
News Release: Sina Companies delivers inpatient rehab hospital in Las Vegas
The 44-bed, 56,220-square foot, inpatient PAM Rehabilitation Hospital of Centennial Hills in northwest Las Vegas will be leased to Post-Acute Medical, an operator of specialty, rehabilitation and surgical hospitals LAS VEGAS and PALM BEACH GARDENS, Fla., April 25, 2018 – Sina Companies announces the completion of the PAM Rehabilitation Hospital of Centennial Hills, a 44-bed inpatient rehabilitation […]
News Release: Seniors Housing Occupancy Rate Falls to Six-Year Low of 88.3% in First Quarter
Assisted Living Occupancy Rate Slips to a New Low, While Independent Living Occupancy Rate Remains Above 90% The occupancy rate for seniors housing properties averaged 88.3% in the first quarter of 2018 down 0.5 percentage point from the prior quarter and down 0.9 percentage point from year-earlier levels. This placed occupancy 1.4 percentage points above its […]
News Release: ESI Arranges Sale of an Independent & Assisted Living Facility in Washington for $50.5M
ESI Arranges Sale of an Independent & Assisted Living Facility in Washington for $50.5M Evans Senior Investments (ESI) successfully represented the sale of Garden Court Retirement Community, a 148 unit independent and assisted the living community in Everett, Washington for $50,500,000 ($341,000 price per unit). Built in 2002, Garden Court Retirement Community is located 13 […]
News Release: ESI Arranges Sale of an Independent & Assisted Living Facility in South Carolina for $14.5M
Evans Senior Investments (ESI) successfully represented the sale of The Willows of Easley, a 100 unit independent and assisted the living community in Easley, South Carolina for approximately $14,500,000 ($145,000 price per unit). Originally built in 1997 and expanded in 2004, The Willows of Easley is located on a nine-acre campus 14 miles west of […]
Post-Acute & Senior Living: Senior Housing Properties Trust selling four communities for a gain of $308 million
Newton-based Senior Housing Properties Trust (Nasdaq: SNH) expects to report a gain of about $308 million on the sale of four senior living communities it has owned since 1994. The unnamed