Post Acute & Senior Living: SNH acquisition tops $790 million
Trust closed May 1 on 37-community deal with CNL Lifestyle Properties Inc. By Erin E. Porter Senior Housing Properties Trust (NYSE: SNH), a Newton, Mass.-based real estate investment trust (REIT), recently announced that it has closed on the acquisition of a $763 million portfolio containing 37 private pay senior living communities across 16 states.
Post-Acute & Senior Living: NIC: Senior housing occupancy slips
Small Q1 decline blamed on weak absorption and moderate rise in inventory By Erin E. Porter The National Investment Center for Seniors Housing & Care (NIC) reported last month that seniors housing occupancy declined slightly during Q1 2015.
Psot-Acute & Senior Living: More Post-Acute & Senior Living News
Cushman & Wakefield Senior Housing Capital Markets has advised the parties in a joint venture between Westminster Capital and LCS in the sale of Wyndermere, a 432-unit continuing care retirement community (CCRC) in the affluent Chicago suburb of Wheaton, Ill. The buyer of the stabilized entrance fee community was ROC Seniors Housing, a private equity […]
Post-Acute & Senior Living: NorthStar buys $875 million independent living portfolio from Harvest Facility Holdings
NEW YORK– In a recent U.S. Securities and Exchange Commission filing, it was announced that a joint venture between NorthStar Realty and NorthStar Healthcare (NorthStar) acquired an $875 million portfolio of 32 independent living communities from affiliates of Harvest Facility Holdings.
Post-Acute & Senior Living: ACTS Retirement-Life Communities to invest $300M in CCRC renovatio
PHILADELPHIA– ACTS Retirement-Life Communities (ACTS), the largest not-for-profit owner, operator and developer of CCRCs in the United States, recently announced a strategic plan to make $300 million in renovations and repositioning of its communities over the next three years. The investment is being made in preparation for the arrival of the next generation of retirees.
Post-Acute & Senior Living: New Senior reports $435M senior housing acquisition and $670M financing
NEW YORK– New Senior Investment Group Inc., a REIT focused on investing in senior housing properties across the United States, recently announced the completion of its $435 million acquisition from affiliates of Hawthorn Retirement Group of 17 private pay, independent senior housing properties. The portfolio consists of 2,082 units across 10 states, is 100 percent […]
Post Acute & Senior Living: JV acquires $849 million portfolio
Brookdale Senior Living teams up with HCP on 35 private pay communities By Daniel H. Larson Brentwood, Tenn.-based Brookdale Senior Living (NYSE: BKD) and HCP Inc. (NYSE: HCP) of Irvine, Calif., recently announced their collaborative acquisition of an $849 million senior housing portfolio from Mississauga, Ontario-based Chartwell Retirement Residencies.
Post-Acute & Senior Living: Granite Investment Group buys $7.2 million facility near Kansas City, Kan.
SHAWNEE, Kan. – Irvine, Calif.-based Granite Investment Group announced its acquisition of Shawnee Heartland Assisted Living, a 48-unit facility located in the Kansas City, Kan., suburb of Shawnee. The sale is a $7.2 million sale-leaseback transaction completed at an all-in cap rate of about 8.4 percent and includes a long-term bond net lease that expires […]
Post-Acute & Senior Living: ISL breaks ground on three-story community in Salt Lake City
SALT LAKE CITY. – Integral Senior Living (ISL) says it is hoping to bring a new senior living experience, set against the Wasatch Mountain Range, that is both excellent in care and aesthetically pleasing to its residents. The Carlsbad, Calif.-based community manager recently broke ground on The Ridge Senior Living, an assisted living and memory […]
Post-Acute & Senior Living: Upgrades to upscale Casa Dorinda senior community come with $30M price tag
MONTECITO, Calif. — The upscale senior community, Casa Dorinda, in the Santa Barbara enclave of Montecito, once a lavish private residence, has been working on a facelift for its master plan over the past 10 years. Recent estimates put those proposed upgrades at about $30 million.
Post-Acute & Senior Living: Friendship Village of Dublin, Ohio, to undergo five-year, $61 million expansion
COLUMBUS, Ohio — Central Ohio’s largest retirement community is about to get a lot bigger. Friendship Village of Dublin recently announced it will undergo a five-year, $61 million expansion, with plans to add a senior apartment building with 51 units and extensive renovations to existing facilities.
Post-Acute & Senior Living: Capital Seniors Housing announces four new senior communities to open in 2015
WASHINGTON, D.C. – Capital Seniors Housing (CSH), a senior housing real estate development and investment firm, recently announced four new senior housing communities across the country opening in 2015.
Post-Acute & Senior Living: Former Accretive CEO raising $500M to invest in healthcare, including senior living
CHICAGO – A subsidiary of a new private equity firm founded by the former CEO of Accretive Health Inc. is beginning to acquire senior living facilities.
Post-Acute & Senior Living: Enlivant closes on $334.4M Fannie Mae credit facility from KeyBank Real Estate
CHICAGO – Enlivant (formerly Assisted Living Concepts) of Chicago recently closed a $334.4 million Fannie Mae credit facility from KeyBank Real Estate Capital for a national portfolio of senior living communities.
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Russell Construction Co. has proposed The Point, a three-phase $42 million, senior living community on about 9 acres in Moline, Ill. According to The Dispatch, a local newspaper, the $25 million first phase of development would include 65 independent living units, 52 assisted living units and 18 memory care units. The $11.9 million second phase […]