Post-Acute & Senior Living: Toronto-based Mainstreet agrees to acquire memory care communities in Texas and Arkansas
TORONTO – Toronto-based Mainstreet Health Investments Inc. (TSX: HLP-U) announced Nov. 28 that it has agreed to acquire a portfolio of three memory care communities totaling 171 units for a total of $44.3 million.
News Release: Embree closes on the sale of three Memory Care America communities in Texas and Arkansas
SAN ANTONIO, TX | NEW BRAUNFELS, TX | LITTLE ROCK, AR Just Closed Embree Capital markets Group Inc. is pleased to announe the closing of three newly-built Memory Care Americas located in El San Antonio, Texas, New Braunfels, Texas & Little Rock, Arkansas. New 2016 Construction 15-Year Absolute NNN Leases 2.0% Annual Escalations 146,207 Total Sq. […]
News Release: Caddis breaks ground on Heartis MidCities, a senior living community
The national healthcare real estate firm is building an amenity-filled independent living, memory care and assisted living residence in Bedford DALLAS and FORT WORTH, Texas, Dec. 21, 2016 – Caddis is moving full speed ahead with its newest Heartis® senior living community in Texas – the 178,530 square foot Heartis MidCities in Bedford, about 14 […]
News Release: Heartis breaks ground on its first senior housing community in Georgia
Caddis, a national healthcare real estate firm, plans to develop independent living, assisted living and memory care senior communities across the region FAYETTEVILLE, Ga., and DALLAS, Dec. 20, 2016 – As part of a major expansion into the Southeastern United States, Caddis, a national healthcare real estate firm headquartered in Dallas, recently broke ground on […]
News Release: Carter Validus acquires Select Medical Rehabilitation Facility for about $63.6 million
Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced its acquisition of the Select Medical Rehabilitation Facility for approximately $63.6 million PROPERTY FEATURES AND HIGHLIGHTS: Three-story rehabilitation building located in Marlton, New Jersey built in 1995 89,000 total rentable square feet 100% net leased to Kessler Institute for Rehabilitation, Inc. (“Kessler”), a subsidiary […]
News Release: HCP Announces Results for Quarter Ended September 30, 2016 and Completes the QCP Spin Transaction
News Release Issued: Nov 1, 2016 (8:03am EDT) IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ — THIRD QUARTER 2016 AND RECENT HIGHLIGHTS — EPS and FFO per share were $0.32 and $0.65, respectively; FFO as adjusted was $0.72 per share — Completed spin-off of Quality Care Properties, Inc. (“QCP”) (NYSE:QCP) on October 31, 2016; see […]
News Release: HCP to Sell a Portfolio of 64 Brookdale Communities for $1.125 Billion
News Release Issued: Nov 1, 2016 (8:01am EDT) Resulting in Lower Brookdale Concentration; Improving HCP’s Lease Coverage and Balance Sheet IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ — HCP (NYSE:HCP) today announced that it has entered into definitive agreements to sell a portfolio of 64 properties leased to Brookdale Senior Living, Inc. (“Brookdale”) for an […]
Post-Acute & Senior Living: Partnership to develop 124-resident Shepherd Living community near Huntsville, Ala.
MADISON, Ala. – A partnership of Dallas-based Cobalt Seniors and Miami Beach, Fla.-based Shepherd Health recently announced that it plans to start construction soon on Shepherd Living at The Range, a 124-resident community offering “spa-like living” on 14 acres in Madison, a growing suburb of Huntsville, Ala.
Post-Acute & Senior Living: Spectrum Retirement receives go ahead for 174-unit project in Indianapolis suburb
WHITESTOWN, Ind. – A new $35 million, 174-unit independent living, assisted living and memory care community has received the go ahead in Whitestown, a suburb of Indianapolis.
Post-Acute & Senior Living: Chelsea Senior Living teams R.E. firm on 118-bed senior project on Long Island, N.Y.
YAPHANK, N.Y. — A joint venture (JV) partnership of Farnwood, N.J.-based Chelsea Senior Living and Yonkers, N.Y.-based AVR Realty recently announced plans for a $27 million, 118-bed assisted living complex in the Long Island city of Yaphank.
Post-Acute & Senior Living: Mainstreet Health Investments pays $152 million for properties in U.S., Canada
TORONTO – Toronto-based Mainstreet Health Investments (MHI), the investment arm of Carmel, Ind.-based Mainstreet, continues to grow its senior portfolio, as it recently acquired seven senior communities with 739 beds and five developable parcels in the United States and Canada for $152 million.
Post-Acute & Senior Living: Long-time Southeast Mich. homebuilder entering senior housing sector in a big way
AUBURN HILLS, Mich. – Auburn Hills-based Moceri Cos. has been in the homebuilding business in southeast Michigan for 60 years.
Post-Acute & Senior Living: Historic Ill. hospital gets new life
Chicago developer taps into state incentives to convert building to 60 units By John B. Mugford A vacant, Art Deco-style hospital building in the Chicago suburb of Aurora, Ill., saw its last days as an inpatient facility many years ago.
News Release: Capital One Closes $162.5 Senior Secured Credit Facility for Palm Garden Healthcare
Bethesda, Md. (October 24, 2016) – Capital One announced today that it served as sole lead arranger and administrative agent for a $162.5 million senior secured credit facility consisting of a real estate term loan, a capex line of credit and an asset-based revolver. Palm Garden Healthcare, the borrower, owns 14 skilled nursing facilities and an […]
Post-Acute & Senior Living: New JV plans $500M+ portfolio
Berkshire teaming with developer/owner of senior communities on West Coast By John B. Mugford In a classic example of an institutional investor teaming up with a firm that focuses on the development, ownership and operations of projects in specific real estate sectors, Boston-based Berkshire Group recently announced the formation of a partnership with Newport Beach, […]