Post-Acute & Senior Living: Houston-based Cardinal Bay acquires eight-property senior portfolio for $210 million
TEXAS and OKLAHOMA – Cardinal Bay recently closed on the acquisition of an eight-property senior housing portfolio in Greater Houston and Oklahoma City.
Post-Acute & Senior Living: Sonata Senior Living plans $30 million senior community in Winter Garden, Fla.
WINTER GARDEN, Fla. – On a site across from its memory care community in Winter Garden, Sonata Senior Living, based in Orlando, Fla., has plans to build a 139,000 square foot, 113-unit independent living seniors community.
Post-Acute & Senior Living: ‘It’s a time of profound change’
2016 NIC Spring Investment Forum spotlights shifting healthcare model By Murray W. Wolf The predominant theme was “change” as more than 1,500 post-acute and senior living professionals gathered March 9-11 in Dallas for the 2016 NIC Spring Investment Forum, presented by the National Investment Center for Seniors Housing & Care (NIC).
Post-Acute & Senior Living: Safanad and Formation Capital acquire South Carolina ALF portfolio for $128.6 million
NEW YORK – Dubai-based Global investment firm Safanad and its longtime partner, private investment firm Formation Capital, recently announced the acquisition of nine South Carolina assisted living facilities (ALFs) from Agape Senior for $128.6 million.
Post-Acute & Senior Living: Meta Housing Corp. breaks ground for $26 million, 60-unit senior community in Hayward, Calif.
HAYWARD, Calif. – Los Angeles-based Meta Housing Corp. recently broke ground for the $26 million, 60-unit Downtown Hayward Senior Apartments, reports The Registry, a local real estate publication.
Post-Acute & Senior Living: Kingswood CCRC in Kansas City, Mo., undergoing $34.7 million redesign and expansion
KANSAS CITY, Mo. – Officials of Kingswood Senior Living Community recently announced plans to break ground on a $34.7 million redesign and expansion of their CCRC in Kansas City.
Post-Acute & Senior Living: San Diego approves $150M CCRC
The Glen at Scripps Ranch addresses “top-priority” senior housing need By Erin E. Porter A $150 million, 53-acre continuing care retirement community (CCRC) unanimously approved by the San Diego City Council will address a top priority need to provide senior housing within the Scripps Miramar Ranch community, the developer say.
Post-Acute & Senior Living: Kisco plans to November opening for $30 million, 84-unit community in West Oahu, Hawaii
WEST OAHU, Hawaii – Carlsbad, Calif.-based Kisco Senior Living plans to open the $30 million, three-story, 84-unit Ilima senior living community on 3.8 acres in West Oahu in November, according to a recent report in Pacific Business News.
Post-Acute & Senior Living: Balfour Senior Living submits plans for $35 million, 154-unit community in Ann Arbor, Mich.
ANN ARBOR, Mich. – Balfour Senior Living recently submitted plans for a $35 million, 154-unit, four-story, 183,000 square foot upscale independent and assisted living community in Ann Arbor, according to local news site MLive.com.
Post-Acute & Senior Living: Omega Communities plans $45 million CCRC in Stockbridge, Ga., southeast of Atlanta
STOCKBRIDGE, Ga. – Omega Communities recently announced plans for a $45 million continuing care retirement community (CCRC) in Stockbridge, about 20 miles southeast of Atlanta.
Post-Acute & Senior Living: Florida portfolio sells for $569M
Welltower-CPPIB joint venture takes 95% of six Aston Gardens assets By Murray W. Wolf Welltower Inc. (NYSE: HCN) has partnered with the Canada Pension Plan Investment Board (CPPIB) and Discovery Senior Living to acquire the six-property, 1,930-unit Aston Gardens independent and assisted living portfolio in Florida for $569 million. The Toledo, Ohio-based healthcare real estate […]
Post-Acute & Senior Living: Historic former school to be transformed into 152 units of senior housing under $35M plan
LEESBURG, Va. – A former school in Leesburg is being transformed into a $35 million, 152-unit memory care, assisted living and independent living community, according to the local Daily Commercial newspaper.
Post-Acute & Senior Living: More Post-Acute and Senior Living news
In a newly formed joint venture (JV) partnership, Boston-based Blue Moon Capital Partners LLC and Des Moines, Iowa-based LCS are teaming up to build the 207-unit The Delaney at Parkway Lakes in Katy, Texas, a growing suburb about 30 miles west of Houston. The facility will have independent living, assisted living and memory care beds. […]
Post-Acute & Senior Living: Senior sector might see challenges
NIC points to economic uncertainty and booming construction in some markets By Murray W. Wolf The senior housing sector might encounter “some bumps in the road” this year, as changes to the U.S. economy could have implications for capital costs, deal pricing and property valuations. Yet senior housing construction is booming in some markets.
Post-Acute & Senior Living: Alaska fund makes foray into HRE
State fund, with CS Capital, pays $114.5M for two Boston-area rehab facilities By John B. Mugford In a transaction that represents an emerging and important sector of healthcare real estate (HRE), the Alaska Permanent Fund Corp., represented by CS Capital Management Inc., recently acquired two Boston-area rehabilitation hospitals for $114.5 million, which works out to […]