Post-Acute & Senior Living: Following Omega deal, Aviv REIT announces $305M, 28-asset portfolio purchase
CHICAGO – Just days after disclosing a planned $10 billion merger with Omega Healthcare Investors, Chicago-based Aviv REIT (NYSE: AVIV) announced the acquisition of a $305 million portfolio from Diamond Senior Living LLC, a subsidiary of General Electric Credit Corp. of Tennessee. The deal includes 29 properties and is the largest company acquisition in 30 […]
Post-Acute & Senior Living: Medical Properties Trust makes big buys, including $900M deal in Germany
BIRMINGHAM, Ala. – Birmingham-based Medical Properties Trust Inc. (NYSE: MPW) is expanding its senior healthcare brand to Germany. The real estate investment trust recently announced a plan to acquire and lease back all of the real estate assets currently held by MEDIAN Kliniken Group, the largest private provider of post-acute and acute rehabilitation facilities in […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Murfreesboro, Tenn.-based National Health Investors (NYSE: NHI) is planning to lend $154.5 million to recapitalize and finance the expansion of Timber Redige at Talus, a continuing care retirement community in Issaquah, Wash. The facility serves the greater Seattle area and currently has 184 independent living apartments which are 95 percent occupied. The expansion plans […]
Post Acute & Senior Living: Sabra expands in multiple deals
REIT announces 29 new senior living property acquisitions worth $609 million By Dan Larson Maryland-based Sabra Health Care REIT Inc. (NYSE: SBRA) is wasting no time in expanding its portfolio. In just a two week span, the real estate investment trust (REIT) completed separate deals totaling $609 million that will bring in 29 new senior […]
Post-Acute & Senior Living: CNL Lifestyle Properties buys two communities in Atlanta metro area
ORLANDO, Fla. – Sponsored by CNL Capital Group, CNL Lifestyle Properties Inc. is a real estate investment trust (REIT) that focuses on demographically driven properties featuring everything from ski resorts to golf courses. Along with recreation and attractions, the REIT has also made a name for itself in the senior housing market.
Post-Acute & Senior Living: Construction begins on $75 million senior living high-rise in Hawaii
HONOLULU – San Francisco-based Island Paradise Investments is finally bringing its business to the Aloha State. After several years of delay, construction has begun on Kalakaua Garden, a $75 million senior living high-rise in Honolulu. The 17-story, high-end living facility features 106 assisted living units, 32 memory care units and 49 skilled nursing beds. It […]
Post-Acute & Senior Living: Otterbein Senior Lifestyle Choices plans $20 million expansion to CCRC in Ohio
LEBANON, Ohio – Otterbein Senior Lifestyle Choices is looking to expand its continuing care retirement community (CCRC) in Lebanon, a small town in southwestern Ohio. The senior care operator, also based in Lebanon, will soon begin construction on a $20 million addition to its current facility to add more housing.
Post-Acute & Senior Living: More Senior Living News
■ The Ambassador of Scarsdale is nearing completion and is expected to open in February 2015. The $45 million assisted living and memory care facility in the New York suburbs features a three story building with 95 studio and two-bedroom apartments, as well as 20 memory care apartments. Perkins Eastman of New York designed the […]
Post-Acute & Senior Living: LCB takes its brand to Vermont
The senior housing operator purchases two properties for $82.4 million By Dan Larson The small state of Vermont recently experienced one of the largest private transactions in its history, courtesy of the red-hot seniors housing market. Norwood, Mass.-based LCB Senior Living LLC acquired two properties in the Green Mountain State, paying a total of $82.4 […]
Post-Acute & Senior Living: ARC Healthcare Trust II buys 12 senior housing properties in Iowa
IOWA – New York-based ARC Healthcare Trust II Inc. continues to add to its growing portfolio of healthcare-related facilities. The non-traded real estate investment trust (REIT) recently announced the acquisition of 12 SunnyBrook senior housing properties in a number of Iowa cities for $164.2 million.
Post-Acute & Senior Living: Harrison Street acquires 11 senior housing properties, partners with Brightview
CHICAGO – Harrison Street Real Estate Capital (HSRE) of Chicago recently announced the $520 million acquisition of 11 senior housing properties from Baltimore-based Shelter Group’s Brightview Senior Living. The properties are located in Baltimore, Boston, Philadelphia, Staunton, Va., and Newport, R.I. “This investment complements our existing portfolio and highlights our firm’s various cost of capital […]
Post-Acute & Senior Living: Bright Oaks Group expands to Florida
Illinois-based company is set to build three new senior communities by 2016 By Dan Larson With more than 4.2 million senior citizens living in Florida, it’s no surprise that the retirement industry is the state’s second largest economic sector, according to the Florida Department of Elder Affairs. As a result, the high demand for senior […]
Post-Acute & Senior Living: CNL Healthcare Properties acquires eight senior housing communities
ORLANDO, Fla. – CNL Healthcare Properties Inc., a non-traded real estate investment trust (REIT), recently paid about $187.2 million to acquire eight senior housing communities in Texas and Illinois from Dallas-based South Bay Partners Ltd.
Post-Acute & Senior Living: CCRC on Long Island files for chapter 11 bankruptcy to restructure bond debt
PORT WASHINGTON, N.Y. – With $220 million in debt, the Amsterdam at Harborside on Long Island has officially filed for Chapter 11 bankruptcy. The upscale continuing care retirement community (CCRC) has experienced financial stress since opening in 2010, the midst of the Great Recession.
Post-Acute & Senior Living: Ashby Ponds opens new $30 million apartment building on its campus
ASHBURN, Va. – Baltimore-based Erickson Living recently opened a new residential apartment building on its Ashby Ponds community campus in Ashburn, a city in far northern Virginia.