By: Amy Stulick American Healthcare REIT raised $672 million in its initial public offering, representing the lower end of its initial target. The Irvine, California-based real estate investment trust was aiming to raise up to $840 million. Shares were sold at the bottom of a marketed range, adding to a run of modest performances as […]
Category: Finance & Development
In 2023, senior living mergers and acquisitions were challenged thanks to market distress, a wide bid-ask spread and a lack of clarity about the road ahead. That appears to be changing in 2024. For one, many owners of distressed properties are finally out of financial runway and are making tough decisions about what to sell […]
Affiliations HumanGood, Pleasant Spring Communities affiliate Nonprofits HumanGood and Pleasant Spring Communities announced the affiliation of their organizations on Feb. 1. According to a press release, Pleasant Spring Communities oversees Springhouse and Mount Pleasant Home, and the affiliation will allow the communities to “enhance their operational efficiencies, streamline processes and introduce innovative programs” by having […]
As senior living development remains tough, some companies are finding ways to build scale and evolve for a new generation by adding cottages to their campuses. Operators with cottage units say they can serve as a stepping stone for prospects entering senior living for the first time, while also helping hit a price point more […]
Transactions Blueprint sells Lancaster community Blueprint was selected by a local family to execute the sale of a 180-bed skilled nursing facility in Lancaster, Ohio on Jan. 24. According to a press release, the community faced operational challenges caused by the Covid pandemic. The community was purchased by an owner-operator looking to capitalize on the […]
American Healthcare REIT has announced its plans to launch an initial public offering on the New York Stock Exchange, seeking up to $840 million. The real estate investment trust announced the IPO on Jan. 29. The company is seeking an initial stock price of between $12 and $15 per share, according to its announcement. American […]
Belmont Village Senior Living has broken ground on a new community in partnership with hospitality developer Turnberry in a bid to help usher in a “new era” for luxury senior living. The community, known as Belmont Village Aventura, is planned as a luxury senior living development. It represents the third location for Belmont Village in […]
A charitable organization that offers assistance to people in the movie and TV industries has sold land to a developer in Los Angeles with plans for a new senior living community. The Motion Picture and Television Fund (MPTF) recently sold a 19-acre property on the storied Mulholland Drive to the California Commercial Investment Group for […]
Acquisitions Lloyd Jones acquires Virginia community Real estate investment firm Llloyd Jones announced it has acquired Brightview Baldwin Park, a community in Staunton, Virginia. The 136-unit assisted living, independent living and memory care community was purchased from Brightview Senior Living. Following the acquisition, the community has been rebranded as Aviva Baldwin Park and will be […]
American Healthcare REIT is gearing up for its initial public offering (IPO) and is aiming to raise $700 million, Bloomberg reported on Tuesday. The REIT’s primary operating partner is Louisville, Kentucky-based Trilogy Health Services, which is one of the nation’s largest senior living and skilled nursing providers. “Trilogy constitutes more than a third of American Healthcare REIT’s […]