News Release: Encompass Health announces plans to expand rehabilitative services to Katy, Texas
Mar 12, 2018 Inpatient rehabilitation hospital expected to begin providing care in fall 2019 BIRMINGHAM, Ala., March 12, 2018 /PRNewswire/ — Encompass Health Corporation (NYSE: EHC), formerly known as HealthSouth Corporation, today announced plans to build a 40-bed inpatient rehabilitation hospital in Katy, Texas. The 40-bed hospital will be located at The Reserve at Grand Parkway in Katy. It will […]
News Release: Avison Young Arranges Sale of Skilled Nursing Facility near Washington, DC
Mt. Vernon Nursing & Rehab Center in Virginia sells for more than asking price Avison Young announced today that it has arranged the sale of the Mt. Vernon Nursing & Rehab Center, a 45,654-square-foot skilled nursing facility in an affluent submarket of Washington, DC. A publicly traded REIT purchased the full-service rehabilitation center at 8111 Tis […]
News Release: JUST SOLD: Summit at Venice
Just Sold in Venice, Florida: Krone Weidler is pleased to announce the successful sale of Summit at Venice. This 40,440 square-foot assisted living facility is located in the historic section of Venice, Florida, and considered one of the premier communities in the area. Krone had the exclusive listing to market the property on behalf of […]
News Release: Griffin-American Healthcare REIT IV Acquires Two-Property Central Wisconsin Senior Care Portfolio for $22.6M
American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today the REIT has completed the acquisition of the 254-bed, two-property Central Wisconsin Senior Care Portfolio for approximately $22.6 million. The portfolio’s properties are located in the Madison suburbs of Waunakee and Sun Prairie, Wisconsin. Central Wisconsin Senior […]
News Release: HFF advises Columbia Pacific Advisors on the $114.69M financing for Seattle seniors housing development
Holliday Fenoglio Fowler, L.P. (HFF) advised Columbia Pacific Advisors on the $114.69 million financing for the development of 620 Terry, a luxury, high-rise seniors housing property in Seattle, Washington’s First Hill neighborhood. The participating development loan was provided by HCP, Inc. 620 Terry will total 243 Class A residential units comprising 194 independent living units, […]
News Release: CareTrust REIT Acquires Michigan Portfolio
CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired a 464-bed, five-property skilled nursing portfolio clustered around the Grand Rapids, Michigan area. The transaction was structured as a sale-leaseback with the portfolio’s long-time owner-operator, Metron Integrated Health Systems, based in Grand Rapids. The sale-leaseback represented an opportunity for Metron to strategically recapitalize the company and lay […]
News Release: CareTrust REIT Acquires Michigan Portfolio
CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired a 464-bed, five-property skilled nursing portfolio clustered around the Grand Rapids, Michigan area. The transaction was structured as a sale-leaseback with the portfolio’s long-time owner-operator, Metron Integrated Health Systems, based in Grand Rapids. The sale-leaseback represented an opportunity for Metron to strategically recapitalize the company and lay […]
Post-Acute & Senior Living: Caddis to develop a 104-unit Heartis senior living community in Milwaukee suburb
Dallas-based healthcare developer Caddis is continuing its expansion into the Midwest with the development of a future senior living community in Brookfield, outside of Milwaukee. Caddis is
Post-Acute & Senior Living: Manhattan getting new AL projects
Developers looking to tap into affluent cohort that doesn’t want to leave the city By John B. Mugford Conventional wisdom might say that developing a new senior living healthcare facility in the heart of one of the world’s most expensive real estate markets doesn’t make much sense, as rents would prove to be too high […]
Post-Acute & Senior Living: Partnership of Denver firms breaks ground on 77-unit community in New Mexico
Construction has started on a future 70,863 square foot senior living community in Rio Rancho, north of Albuquerque. The 77-unit MorningStar of Rio Rancho will offer assisted living and memory
Post-Acute & Senior Living: Senior Resource Group acquires 303-unit community in Arizona; HFF represents the seller
Solana Beach, Calif.-based Senior Resource Group LLC recently acquired The Heritage Tradition, a 303-unit, “Class A” senior housing property in the Del Webb community of Sun City West. A
Post-Acute & Senior Living: Birchwood acquires 64-unit, Baltimore-area assisted living community
A local office of Toronto-based Avison Young recently arranged the sale of Quail Run Assisted Living, a 64-unit community in Perry Hall, an unincorporated area in Baltimore County. The sale price
Post-Acute & Senior Living: Welltower to acquire four CCRCs for $368 million, transition portfolio to RIDEA structure
Toledo-based Welltower Inc. (NYSE: HCN) has entered a definitive agreement to acquire a portfolio of four continuing care retirement communities (CCRCs) in three East Coast markets for $368 million.
News Release: ESI Arranges Sale of Assisted Living Facility in Washington for $7.0M
Evans Senior Investments (ESI) successfully represented the sale of Rosewood Villa, a 66 unit assisted living community in Bellingham, Washington for approximately $7,025,000 ($106,000 price per unit). Built in 1978, Rosewood Villa is located 87 miles north of Seattle. At the time of the sale the community averaged 93.9% occupancy over the prior twelve months […]
News Release: ESI Arranges Sale of Illinois Seniors Housing Portfolio for $32.6M
Evans Senior Investments (ESI) successfully represented the sale of four assisted living and memory care facilities known as the Legacy Place Portfolio for approximately $32,632,000 ($163,000 price per unit). The portfolio consisted of four facilities encompassing 200 total seniors housing units (51 memory care units and 149 assisted living units). All four facilities were located […]