Post-Acute & Senior Living: CNL Healthcare acquires four senior housing communities for $88.3M
ORLANDO, Fla. – In more news from CNL, the healthcare REIT announced that it has acquired four senior housing communities totaling 457 units in Washington for about $88.3 million. The communities include 136 independent living residences, 297 assisted living units and 24 memory care units. The properties are Bridgewood at Four Seasons Retirement & Assisted […]
Post-Acute & Senior Living: CNL to develop S.C. senior community
$35.3 million Wellmore of Tega Cay to include 152 units in six buildings By Connie M. McCaffrey CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, announced plans to invest about $35.3 million to develop a 152-unit senior housing community in Tega Cay, S.C. The community will include […]
Post-Acute & Senior Living: Caddis begins developing two Heartis senior living communities In Houston
HOUSTON – National healthcare real estate firm Caddis Partners LLC announced that it has begun construction on two 78-unit, approximately 63,000 square foot Heartis senior communities in the Houston markets of Cypress and Clear Lake. The communities, which will include 54 assisted living units and 24 memory care units, will be owned by Caddis. Eugene, […]
Post-Acute & Senior Living: Swedish firm to invest in U.S. projects
Index International strikes $500M development deal with Watercrest Senior Living By Murray W. Wolf Watercrest Senior Living Group, a Vero Beach, Fla.-based real estate developer and operator, and Index International AB, a Stockholm, Sweden-based investment firm, say they have finalized a $500 million, five-year partnership to co-develop senior living communities across the United States. The […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
Interwest Capital Corp., a La Jolla, Calif.-based private equity firm, and Angelo Gordon & Co., a privately-held New York-based investment adviser, recently acquired a Las Vegas senior housing portfolio out of foreclosure in a transaction valued at about $150 million.
Post Acute & Senior Living: Carter Validus buys rehab hospital
REIT invests $22 million in 40-bed, 50,000 square foot facility in San Antonio By Murray W. Wolf Tampa, Fla. – based Carter Validus Mission Critical REIT Inc., an unlisted real estate investment trust (REIT), recently acquired Warm Springs Rehabilitation Hospital of Westover Hills in San Antonio. Carter Validus, which acquires data center and healthcare properties, […]
Post Acute & Senior Living: Ocean Healthcare adds to portfolio by buying SNF, psychiatric unit
BLACKWOOD, N.J. – Lakewood, N.J.-based Ocean Healthcare, which operates more than 20 facilities in New Jersey, recently acquired a 300-bed skilled nursing facility and 150-bed acute care psychiatric unit in Blackwood, about 15 miles outside of Philadelphia. Camden County Health Services Center sold the property for more than $37 million, according to the Chicago and […]
Post-Acute & Senior Living: Sanders Trust and Harrison Street buy two Boston area IR facilities for $90 million
WOBORN and BRAINTREE, Mass. – Medical office buildings (MOBs) are still the apple of their eyes for most healthcare real estate (HRE) investors. Yet, with healthcare reform putting a growing emphasis on the continuum of care, more and more HRE investors are showing an interest in a wider range of facilities that provide important post-acute care […]
Post-Acute & Senior Living: REITs discuss role
Trusts are keeping a watchful eye on the changing landscape, NIC panelists say By Murray W. Wolf Real estate investment trusts (REITs) continue to play an outsized role in the state of the healthcare real estate (HRE) industry. Huge inflows of low-cost capital for both public and private REITs in recent years have made them […]
Post-Acute & Senior Living: Ventas makes $790M acquisition
Firm buys 26 independent living communities from Holiday Retirement By Murray W. Wolf Ventas Inc. (NYSE: VTR) racked up record profits during the third quarter (Q3) and completed a $790 million acquisition from Holiday Retirement. The acquisition of 26 independent living communities was not formally announced; the deal came to light during the Q3 earnings […]
Post-Acute & Senior Living: Investor demand strong, occupancies rising in senior housing sector
CHICAGO – The fundamentals for the seniors housing sector improved again during the third quarter (Q3), according to the National Investment Center (NIC) for the Seniors Housing & Care Industry. NIC released its most recent data on Oct. 10 at its 23rd annual national conference in Chicago. Perhaps most telling concerning the sector’s improving strength […]
Post-Acute & Senior Living: Pomona, Calif., rehab provider finishes MOB, starts $45M hospital wing
POMONA, Calif. – Just as Casa Colina Centers for Rehabilitation was completing a new outpatient facility on its 20-acre campus in Pomona, it started construction on a $45 million wing of its adjacent hospital structure. Pomona is in the eastern suburbs of Los Angeles.
Post-Acute & Senior Living: Omega inks $525M sale/leaseback
Healthcare REIT to acquire 56 facilities and lease them back to Ark Holding Co. By Murray W. Wolf A wholly owned subsidiary of Omega Healthcare Investors Inc. (NYSE: OHI), a healthcare real estate investment trust (REIT) specializing in the long-term care industry, has agreed to a $525 million sale/leaseback transaction that would add 56 facilities […]
Post-Acute & Senior Living: Kindred Healthcare closes sale of 16 ‘non-strategic’ facilities for $186.5 million
LOUISVILLE, Ky. – Kindred Health-care Inc. (NYSE: KND) has sold 16 “non-strategic” facilities to an affiliate of Vibra Healthcare LLC for a total of $186.5 million. On Sept. 3, Kindred announced that it had completed the sale of
Post-Acute & Senior Living: Senior Housing Property Trust to sell rehab hospitals, reducing Medicare exposure
NEWTON, Mass. – Senior Housing Properties Trust (NYSE: SNH) announced Sept. 20 that it has agreed to sell for $90 million two rehab hospitals it owns in a joint venture (JV) composed of affiliates of The Sanders Trust LLC of Birmingham, Ala., and Harrison Street Real Estate Capital LLC of Chicago. SNH says it expects […]