Industry Pulse: Projects combining MOBs, senior housing
Plans for one medical-senior site also include a Chick-fil-A Anyone who follows or participates in the senior housing sector, the medical office building (MOB) sector – or both – has long known that older people are big users of the services offered in MOBs. Yet, for years upon years, the two classifications of healthcare real […]
News Release: Caddis setting a new standard with fifth Dallas/Fort Worth community
The national healthcare real estate firm is building an amenity-filled independent living, memory care and assisted living residence in Bedford FORT WORTH and DALLAS, Texas, Sept. 21, 2016 – About a month after the grand opening of Heartis® Arlington, three months after opening its popular Heartis Eagle Mountain community and a year after the grand […]
News Release: Investors Real Estate Trust Announces Planned Dispositions of Senior Housing Properties for $236.0 Million
Expected Closings in Calendar 2017 Would Complete Exit from Senior Housing Portfolio- MINOT, N.D., Aug. 31, 2016 /PRNewswire/ — Investors Real Estate Trust (NYSE: IRET) (NYSE: IRETPR) (NYSE: IRETPRB) (the “Company”), a real estate investment trust focusing on the acquisition, development, redevelopment and management of multifamily communities located primarily in select growth markets throughout the Midwest, […]
Post-Acute & Senior Living: Agreement would have 29 skilled nursing facilities hitting the market soon
IRVINE, Calif. – Even though there might be a perception that healthcare real estate (HRE) investors are shying away from skilled nursing facilities (SNFs), Irvine-based Sabra Health Care REIT (Nasdaq: SBRA) has not been one of them.
Post-Acute & Senior Living: Welltower making a big buy in Calif.
REIT to pay $1.15 billion for 19 properties from Vintage Senior Living By John B. Mugford In a $1.15 billion deal that’s expected to close in tranches starting in September, Welltower Inc. (NYSE: HCN) has entered into a definitive agreement to acquire a portfolio of 19 properties in Northern and Southern California from the current […]
Post-Acute & Senior Living: Sunrise to operate senior housing facility being built by Welltower, Hines
NEW YORK – In more news from Welltower, the REIT recently announced that McLean, Va.-based Sunrise Senior Living will operate a senior living community under development in Midtown Manhattan.
Post-Acute & Senior Living: Presbyterian Homes begins $70 million expansion of The Moorings in Arlington Heights, Ill.
ARLINGTON HEIGHTS, Ill. – Not-for-profit Presbyterian Homes Community recently began a $70 million expansion of The Moorings of Arlington Heights, which will include a new chapel/fellowship hall, 70 new assisted living apartments and 20 additional assisted living/memory support units.
Post-Acute & Senior Living: Welltower-Hines unveil NYC plans
JV paid $115 million to assemble site of planned 15-story senior and retail project By John B. Mugford Healthcare real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) and real estate investment, development and management firm Hines recently unveiled plans for their previously announced proposed 15-story, 125,000 square foot retail and senior living building in […]
Post-Acute & Senior Living: La Posada plans 268-unit, $100 million senior living community near Tucson, Ariz.
TUCSON, Ariz. – Non-profit owner/operator La Posada is developing a 50,000 square foot, nearly $100 million senior living community called Nakoma Sky on 79 acres in Tucson.
Post-Acute & Senior Living: CA Ventures affiliate forms JV with Goldman Sachs to launch 14 senior housing communities
CHICAGO – CA Senior LLC (CAS), the senior housing firm of parent company Chicago-based CA Ventures, has formed a joint venture (JV) with an affiliate of Goldman Sachs & Co. to develop 14 senior housing communities across the country.
Post-Acute & Senior Living: Liberty Healthcare Group affiliate breaks ground on 398-unit community in North Carolina
MOUNT PLEASANT, S.C. – An affiliate of Liberty Healthcare Group recently broke ground on South Bay at Mount Pleasant, a 398-unit independent living, assisted living and memory care senior community on a 27-acre mixed-use site.
Post-Acute & Senior Living: HCP to spin off beleaguered ManorCare portfolio into independent, publicly traded REIT
IRVINE, Calif. – Just as this edition of Healthcare Real Estate Insights™ was going to press, we learned that HCP Inc. (NYSE: HCP) plans to spin off its portfolio of skilled nursing (SNF) and assisted living assets, largely leased by HCR ManorCare (HCRMC), into an independent, publicly-traded real estate investment trust (REIT).
Post-Acute & Senior Living: Kansas City firm continues growth
Tutera Senior Living to break ground on $65M project in Tiffany Springs, Mo. By John B. Mugford Kansas City, Mo.-based Tutera Senior Living & Health Care is about to add to its portfolio of 47 senior living communities that it operates, most of which are in the Midwest and Southeast.
Post-Acute & Senior Living: Affordable senior complex planned for Phoenix by Gardner Capital Development
PHOENIX – The Arizona office of Gardner Capital Development was recently awarded a reservation of Low Income Housing Tax Credits from the Arizona Department of Housing in order to move forward with its plans for an affordable seniors housing project in Phoenix.
Post-Acute & Senior Living: Another seniors project to break ground in booming Charleston, S.C., area
CHARLESTON, S.C. – With its charming and historic downtown and temperate winter weather, the Charleston area is seeing plenty of demand for a variety of senior housing projects. Among the dozen or so projects planned or underway in the area is one in Mount Pleasant, a suburb just across the Cooper River from the heart […]