News Release: Skilled Nursing Occupancy Falls to a Five-Year Low in the Third Quarter
FOR IMMEDIATE RELEASE: December 14, 2017 Managed Medicare revenue per patient day sets a new low in NIC’s five-year time series Annapolis, Md. – The National Investment Center for Seniors Housing & Care (NIC) today released its third quarter 2017 NIC Skilled Nursing Data Report. Data in the report show that skilled nursing property occupancy […]
News Release: HFF announces sale of and financing for Phoenix-area seniors housing community
DALLAS, TX – December 13, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and financing for The Heritage Tradition, a 303-unit, Class A+ seniors housing community in the Del Webb master planned community of Sun City West, Arizona. The HFF team marketed the property on behalf of the undisclosed seller, and procured […]
News Release: Just closed: CenterPointe Behavioral Hospital Construction Financing
Just closed: CenterPointe Behavioral Hospital Construction Financing The JLL Healthcare Capital Markets Group is pleased to secure the construction-to-permanent financing of a 72-bed, full-service behavioral hospital for CenterPointe Behavioral Health System in Columbia, Missouri. The 56,305 rentable square foot multi-specialty behavioral hospital, CenterPointe Columbia, will provide a full continuum of care for adults and adolescents. The […]
News Release: Sheltering Arms Purchases Land for New Facility
Posted on: December 4, 2017 by Robert Moss CBRE|Richmond is pleased to announce the sale of 25.1 acres on Wilkes Ridge Parkway in Goochland County, Va to Sheltering Arms Physical Rehabilitation Centers for $7,906,500. The sellers were North Gayton Company LLP, PWC Properties, LLC, and Riverstone Properties. Trib Sutton and Malcolm Randolph represented Sheltering Arms […]
Post-Acute & Senior Living:Few changes to top operators list
Brookdale is still No. 1 by far on the list of the 10 largest senior living providers By Murray W. Wolf Despite what seems like almost constant change in the senior living sector, at least one thing hasn’t changed – at least not much.
Post-Acute & Senior Living: Norvin Healthcare Properties sells rehab hospital in Texas; JLL brokers transaction
The national Healthcare Capital Markets Group with Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) recently facilitated the sale of the Central Texas Rehabilitation Hospital in Austin.
Post-Acute & Senior Living: Vibra Healthcare plans 50-bed inpatient rehabilitation hospital in Sacramento, Calif
Mechanicsburg, Pa.-based Vibra Healthcare LLC announced in early October that it entered an agreement to develop a two-story, 59,506 square foot inpatient rehabilitation hospital in Sacramento.
Post-Acute & Senior Living: Strawberry Fields, a SNF-focused REIT, pays $21.8 million for Louisville facility
South Bend, Ind.-based Strawberry Fields REIT LLC, which has a portfolio of 59 skilled nursing facilities (SNFs) in seven states, recently purchased the 88.5 percent
Post-Acute & Senior Living: Sabra pays $378 million for 21 SNFs on the West Coast; to sell 43 Genesis facilities
Irvine-based Sabra Health Care REIT (Nasdaq: SBRA) recently said it acquired 21 skilled nursing facilities on the West Coast for $378 million.
News Release: Mainstreet Health Investments Announces US$425 Million Transformational Acquisition of 42 US Property Portfolio, New Strategic Investor and Name Change
Mainstreet Health Investments Announces US$425 Million Transformational Acquisition of 42 US Property Portfolio, New Strategic Investor and Name Change TORONTO, Nov. 17, 2017 /CNW/ – Mainstreet Health Investments (TSX: HLP-U) (“Mainstreet” or the “Company“) today announced that it has entered into definitive agreements with Tiptree Inc. (NASDAQ: TIPT) (“Tiptree“) and certain subsidiaries, to acquire Care Investment Trust […]
News Release: Kearsley Rehabilitation and Nursing Center Opens New Sub-Acute Care Unit, Achieves Five-Star Rating
West Philadelphia Facility Focuses on Enhanced Services, Quality Care PHILADELPHIA, Pa., Nov. 15, 2017 – A new, million-dollar sub-acute care unit at Kearsley Rehabilitation and Nursing Center, and a five-star rating in U.S. News and World Report’s 2017 “Best Nursing Homes” feature reflect a commitment to enhanced services and quality patient care at the 84-bed […]
News Release: Welbrook Senior Living opens 50-unit memory care facility in Santa Monica California.
EL SEGUNDO, CALIFORNIA, November 15, 2017– Welbrook Senior Living has completed construction and licensing of their newest memory care facility located in Santa Monica California. “This facility incorporates new design elements specifically for memory care programming and in conjunction with our Welbrook Moments Program will provide a quality lifestyle experience for seniors with Alzheimer’s or […]
News Release: MedCore Partners and Post Acute Medical, LLC Announce Development of PAM Rehabilitation Hospital of Dover
Dover, DE November 10, 2017 – MedCore Partners and Post Acute Medical, LLC (“PAM”) are pleased to announce the development of PAM Rehabilitation Hospital of Dover. Operated by PAM, this state-of-the art 42,000-square-foot acute inpatient rehabilitation hospital will provide comprehensive inpatient rehabilitation and outpatient therapy services for families in Dover, DE, and surrounding communities. Located near […]
News Release: Caddis recapitalizes six Heartis senior living communities in Texas, Illinois
Firm has refinanced 1,048 units for $170 million in new debt this year, strengthening its financial position and reaffirming its commitment to the senior living sector Caddis recently recapitalized six Heartis senior living communities, including the 108-unit Heartis Village Peoria in Illinois (top) and the 95-unit Heartis Waco in Texas (bottom). This is the company’s […]
News Release: MorningStar Senior Living, Confluent Senior Living Begin Construction on Santa Fe Community
Project Marks Second MorningStar Senior Living Community in New Mexico SANTA FE, NM (November 6, 2017) – Co-developers MorningStar Senior Living and Confluent Senior Living have broken ground on a new senior living community in Santa Fe, NM. The 71,000-square-foot development will deliver 85 units for assisted living and memory care residents. Centrally located in […]