Senior Living Acquisitions & Investments in 2012: End-of-Year Roundup

Here’s a roundup of various senior housing and care investments and transactions made in 2012. Please note that the dates correspond with when each article was published on Senior Housing News, not when the deal was announced. 

ANNOUNCED IN DECEMBER

NHC Buys 6 Senior Care Centers from NHI for $21 Million

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DECEMBER 

Dec. 31—Sunrise, Health Care REIT Merger & Spinoff Expected to Close by Jan. 9

Dec. 27—Capital Senior Living Acquires Two Senior Living Communities for $32.8 Million

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Dec. 26—Ventas and Atria to Jointly Manage $3.1 Billion Senior Living Portfolio 

Dec. 25—NHI Acquires Two ALFs for $9 Million in Sale/Leaseback Transaction

Dec. 20—Senior Housing Acquisition and Investment Roundup 

  • Marcus & Millichap Brokers Sale of Calif. SNF for $10 Million
  • Diakon’s Pocono Lutheran Village to Stay Open After Sale to Local Group
  • Tenn. Senior Living Community Sells for $11.6 Million
  • CNL Lifestyle Properties Acquires Ga. Senior Housing Community 
  • Holdings Group Buys 2 Land Plots in S.C. for $9.2 Million, Plans Senior Housing
  • Sabra Closes First ALF in Pipeline Agreement with First Phoenix Group
  • AIMCO Sells Conn. Senior Housing Complex for $11.2 Million

Dec. 19—REIT Adds Three Senior Care Properties to Portfolio for $24.4 Million

Dec. 18—LTC Properties to Acquire Six Juniper Communities for $94 Million

Dec. 18—Senior Housing Acquisition and Investment Roundup

  • Holiday Retirement Acquires Tex. Senior Living Community
  • American House Acquires Sunnybank Assisted Living for $6.6 Million
  • The Arbor Company Assumes Management of Two Senior Communities
  • Morningstar Senior Living Buys Lease to Operate Fla. ALF
  • New Covenant Health Care Buys Land to Expand Existing Community 

Dec. 17—Sabra Acquires Michigan Senior Housing Portfolio for $49 Million

Dec. 13—Health Care REIT Sells 4 Fla. Properties for $33 Million 

Dec. 11—Michigan Senior Living Community Sells for $21.5 Million, 10.2% Cap Rate

Dec. 10—Aviv REIT Buys Four-Property Senior Living Portfolio for $14.1 Million 

Dec. 9—Bell Partners Sells Two Senior Apartments to CSH for $48 Million

Dec. 6—Senior Lifestyle Corp., Walton Street JV Sells Senior Property for $82 Million 

Dec. 5—Healthcare Trust Buys 5 Senior Living Properties for $85.8 Million 

Dec. 4—Sabra Acquires Five Senior Care Facilities for $40.2 Million 

Dec. 3—LCS Acquires Equity Stake in Senior Living Portfolio JV with Harrison Street

NOVEMBER 

Nov. 29—AdCare Buys Three Ala. Senior Care Facilities for $9.5 Million 

Nov. 19—Health Care REIT Buys Va. Senior Living Community for $16.3 Million

Nov. 15—Concordia Lutheran Ministries Buys Ohio CCRC from Receiver for $23 Million

Nov. 14—The Springs Living Buys Four Senior Housing Properties for $65 Million 

Nov. 11Aviv REIT Acquires Wisc. SNF, CEO Embroiled in Lawsuit for “Unbridled Greed” 

Nov. 8—CNL Healthcare to Buy 5 Assisted Living Communities for $85.1 Million

Nov. 6—Emeritus Branches Into Home Healthcare With $102 Million Purchase 

Nov. 4—Capitol Seniors Housing Acquires Fla. Assisted Living Community for $28.5 Million

OCTOBER

Oct. 29—MBK Senior Living Buys Colo. Senior Housing Community for $30 Million

Oct. 24—Capital Senior Living Acquires Eight Communities for $72.9 Million

Oct. 21—Senior Housing Acquisition and Investment Roundup

  • Health Care REIT Sells Fla. Nursing Home for $9.16 Million
  • Ide Management Acquires 7 Ind. Senior Care Communities from Greystone
  • Care Investment Trust Cancels $106.5 Million Portfolio Acquisition
  • Development Group Buys Land for $2.3 Million Senior Housing Project
  • Greenfield Senior Living Buys Va. Senior Care Community
  • AdCare Acquires Ark. Skilled Nursing Facility for $6.3 Million

Oct. 16—HCP to Acquire Senior Housing Portfolio from Emeritus Joint Venture for $1.73 Billion

Oct. 16—International Investor Acquires $124 Million U.S. Senior Housing Portfolio

Oct. 14—AdCare to Sell Six Assisted Living Communities for $22.3 Million

Oct. 9—Health Care REIT Buys Fla. Senior Living Community in $49.4 Million Transaction

Oct. 8—Nursing Home Operator Pays $23 Million for Two Senior Care Facilities

Oct. 7—Senior Housing Acquisition and Investment Round-Up 

  • AdCare Acquires Ark. Senior Care Facility for $6.3 Million
  • Focus Healthcare Partners JV Buys Ill. Senior Care Property for $9.8 Million
  • Aurora Health Management Buys Ct. Senior Care Center

Oct. 4—Sunrise Completes Buy-Out of Another JV Portfolio for $53 Million

Oct. 3—Formation Capital Buys Senior Care Portfolio for $100 Million

Oct. 2—NHI Acquires Calif. Senior Living Community for $12 Million

Oct. 1—Sentio Healthcare Acquires Four-Property ALF Portfolio for $49 Million

SEPTEMBER 

Sept. 30—Senior Housing Acquisition and Investment Round-Up

  • Ensign Acquires Two California Senior Care Facilities 
  • Aviv REIT Acquires Ky. Senior Care Center for $9.9 Million
  • REIT Acquires 2 Senior Care Communities for $23.5 Million
  • Rittenhouse Senior Living Sells Ohio Senior Care Community

Sept. 25—Sabra Acquires Two Senior Care Communities for $42.5 Million 

Sept. 20—NHI and Bickford Senior Living Form 10-Property RIDEA Partnership

Sept. 19—Formation Capital Partners with Global Investor to Acquire SNF Portfolio for $750 Million 

Sept. 17—Capitol Seniors Housing Acquires 2 Texas Senior Living Communities

Sept. 16—Sunrise Senior Living’s Management Company Business Acquired for $130 Million 

Sept. 16—Senior Housing Acquisition and Investment Round-Up 

  • Aviv REIT Acquires Idaho Skilled Nursing Facility for $6 Million
  • Gentiva Acquires Miss. Hospice Provider
  • Amica Acquires Remaining Ownership Interest in Ontario Senior Care Community
  • Metlifecare Sells Retirement Community to Competitor for $9.4 Million
  • India Realty Firm to Invest $104 Million in Senior Housing Projects

Sept. 13—Care Investment Trust to Acquire 7 Senior Housing Communities for $106.5 Million 

Sept. 12—MBK Senior Living Acquires Calif. Senior Living Community 

Sept. 11—Ohio Retirement Homes Buy Stake in Home Healthcare Company to Expand Services

Sept. 10—Health Care REIT Buys N.C. Retirement Community for $60 Million

 Sept. 3—Advocat Sells Off Underperforming Ark. Skilled Nursing Center

AUGUST

Aug. 30—REIT Acquires 13-Property Senior Care Portfolio, MOBs for $103 Million

Aug. 29—HCN Buys More Fla. Senior Housing Properties from Royal Senior Care for $26.2 Million

Aug. 28—AdCare to Acquire S.C. Senior Care Community for $4.2 Million

Aug. 27—Sunrise Begins Buying Out JV Interests in Senior Living Portfolios with HCN Financing

Aug. 27—Health Care REIT Acquires 3 Fla. Assisted Living Communities for $65 Million

Aug. 26—Real Estate Company Sells Majority of Senior Housing Properties for $230 Million

Aug. 23—Kindred to Acquire IntegraCare for Up to $75 Million, Expand Home Health Services

Aug. 22—Health Care REIT to Acquire Sunrise Senior Living in Deal Valued at $1.9 Billion

Aug. 21—Aetna to Buy Coventry for $5.7 Billion, Bolsters Medicaid Enrollment Ahead of Expansion

Aug. 20—Newcastle Investment Corp. Acquires 8-Property Senior Housing Portfolio for $143 Million

Aug. 15—NHI Acquires Wash. Senior Living Community for $25.2 Million, Plans Expansion & Renovation

Aug. 14—Prestige Care to Buy, Operate Nine-Property Senior Care Portfolio

Aug. 9—Wells Fargo Subsidiary Sells Fla. Senior Living Community to Carlyle Group for $19 Million

Aug. 7—Trilogy Health Systems Sells Indiana Senior Care Facility for $12.9 Million

Aug. 6—Watermark Assumes Management of Four Senior Living Communities, Acquires Two

Aug. 2—Holiday Retirement Buys New York Senior Housing Community for $5 Million

Aug. 1—LTC Properties Acquires 2 Ohio Skilled Nursing Facilities for $54 Million

JULY

July 29—IntegraCare Adds Three Senior Living Communities to Portfolio

July 26—Gentiva Expands Reach, Acquires Indiana Hospice Provider

July 19—Health Care REIT Buys Fla. Senior Care Community for $30 Million

July 16—Private Equity Firm Acquires 10-Property Portfolio of Ill. Senior Care Facilities

July 15—Holiday Retirement Acquires Two Senior Living Communities

July 11—AdCare Completes $8.2 Million Acquisition of Ga. Skilled Nursing Facility

July 10—Five Star Quality Care to Sell Off Pharmacy Business to Omnicare for $30.7 Million

July 8—Marcus & Millichap Brokers Sale of 5 Senior Housing Properties for $70.1 Million

July 5—LTC Properties Acquires Texas Skilled Nursing Property for $6.5 Million

July 4—Grace Management Takes Over Fla. Senior Living Community With Turnaround Plans

July 1—Senior Lifestyle Corp. Sells Two Chicago Senior Living Communities in Sale/Leaseback

FIRST HALF OF THE YEAR ROUNDUP