Post-Acute & Senior Living: Ground Broken on $95 million resort-style senior community on 32 acres in Fort Myers, Fla.
FORT MYERS, Fla. – London-based Quadrum Global, which has offices in New York and Miami, recently broke ground on its first senior housing community, a $95 million resort-style project in Fort Myers.
Post-Acute & Senior Living: Wardman Group acquires, renames and is renovating senior community in Columbia, S.C.
COLUMBIA, S.C. – An affiliate of Washington, D.C.-based The Wardman Group has acquired Summers Landing Polo Road, a 92-unit senior housing property in Columbia, S.C. Wardman hired Carlsbad, Calif.-based Integral Senior Living (ISL) to manage the property.
Post-Acute & Senior Living: Renovations at Baltimore SNF refocus facility on short-term, sub-acute services
BALTIMORE – Perhaps a future development in providing services along the continuum of care calls for refocusing some of the country’s long-term skilled nursing facilities (SNFs) into short-term, sub-acute care centers providing rehabilitation services.
Post-Acute & Senior Living: New not-for-profit, faith-based senior community underway on 14 acres in Puyallup, Wash
PUYALLUP, Wash. – A ground breaking was scheduled for February 2017 in Puyallup, just outside of Tacoma, Wash., for the future Wesley Homes Bradley Park, a 62-plus senior housing community.
Post-Acute & Senior Living: Calling all ‘parrot heads’ to Florida
Senior community’s theme would be based on Jimmy Buffet’s Margaritaville By John B. Mugford As senior housing projects continue to compete for residents, some of the newer communities are being built with specific themes in order to possibly provide a competitive edge.
Post-Acute & Senior Living: Transforming Age acquires $138 million portfolio from JV that includes Harrison Street
TWIN CITIES, Minn. – Bellevue, Wash.-based Transforming Age, formerly Presbyterian Retirement Communities Northwest, recently acquired an eight-property rental retirement portfolio with more than 1,000 units for $138 million.
Post-Acute & Senior Living: $550M rehab hospital set to open
Rebranded AgilityLab facility will replace the Rehabiltation Institute of Chicago By Murray W. Wolf The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood. The new facility will replace, rebrand and expand the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at 345 […]
Post-Acute & Senior Living: Global Medical lands year-end deal
Publicly traded REIT’s portfolio now has 31 properties and 666,000 square feet By John B. Mugford For Bethesda, Md. Global Medical REIT Inc. (NYSE: GMRE) the closing days of 2016 brought with it an end-of-the-year acquisition: three rehabilitation hospitals operated by Birmingham, Ala.-based HealthSouth Corp. (NYSE: HLS) for a total price of $68.1 million.
Post-Acute & Senior Living: Two-building assisted living complex in the heart of San Francisco changes hands
SAN FRANCISCO – Hayes Valley Senior Living, a two-building assisted living community just a few blocks from San Francisco City Hall, recently changed hands for $25 million, or $481,000 per unit.
News Release: National Investment Center Hires Seniors Housing Principal
New Senior Principal to Help Advance Data Products, Education FOR IMMEDIATE RELEASE: January 11, 2017 Contact: Biba Aidoo, (443) 926-3181 or communications@nic.org Annapolis, Md. – The National Investment Center for Seniors Housing & Care (NIC) announced today that Lana Peck has joined the organization to serve as senior principal and subject matter expert for seniors housing. […]
News Release: Greystone Real Estate Advisors Closes $33 Million Sale of Two Carolina Seniors Housing Communities
January 04, 2017 11:34 ET | Source: Greystone NEW YORK, Jan. 04, 2017 (GLOBE NEWSWIRE) — Greystone Real Estate Advisors announced it closed the $33,000,000 sale of Brookdale Hendersonville in Hendersonville, NC and Brookdale Skylyn in Spartanburg, SC. A private equity group purchased the seniors housing properties from Brookdale Senior Living, Inc., on December 15. […]
Post-Acute & Senior Living: Occupancy not so bad after all
NIC says senior housing sector looks to have stabilized, for now, despite fears By John B. Mugford Despite concerns about overbuilding and low occupancies, the senior housing market looks to be holding up rather well, especially the independent living sector, according to third quarter (Q3) 2016 data from Bethesda, Md.-based National Investment Center for Seniors […]
Post-Acute & Senior Living: Green Courte Partners targeting up to $1.5 billion of senior and other real estate with new fund
CHICAGO – Chicago-based Green Courte Partners LLC, a private equity investment firm targeting niche real estate sectors, announced Dec. 20 that it had closed on its fourth investment fund, Green Courte Real Estate Partners IV LLC.
Post-Acute & Senior Living: Potential $700 million deal with Ventas would enable Kindred to exit the SNF segment in 2017
CHICAGO – Chicago-based Ventas Inc. (NYSE: VTR) Ventas, Inc. announced Nov. 14 that it has reached “mutually beneficial agreements” with Kindred Healthcare Inc. (NYSE: KND), under which Kindred will acquire some or all 36 skilled nursing facilities (SNFs) it leases from Ventas.
Post-Acute & Senior Living: Global investment management firm acquires three U.S. senior communities for $110 million
ATLANTA – Arcapita, a global investment management firm with offices in Bahrain, Atlanta, London and Singapore, announced Nov. 22 that it has acquired a privately-held portfolio of three senior living communities in the Washington and Atlanta metro areas for a total of about $110 million.