American Healthcare REIT III Completes $350 Million in Acquisitions in Q1 American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced recently that the real estate investment trust (REIT) completed the acquisition of 18 health care properties in 11 states, as well as a collateralized debt instrument, for an […]
AdCare Health Systems
Prudential Mortgage Refinances $41M For Md. Senior Living Community Prudential Mortgage Capital Company provided a $41 million loan to Fountain Square Properties to refinance Kensington Park, a class A independent, assisted and memory care community located in Kensington, Md. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: […]
Senior Living Investment Brokerage Sells 2 Texas SNFs for $2.8 Million Senior Living Investment Brokerage, Inc. announced recently that Matthew Alley, the firm’s managing director, sold a $2.825 million portfolio of two skilled nursing facilities comprising 146 beds in Lamesa and Eastland, Texas. The Lamesa facility was purchased by a Texas operator that will own […]
Marcus & Millichap Announce $13.8 Million Sale of Ohio ALF Mark Myers, Joshua Jandris and Charles Hilding of Marcus & Millichap Institutional Property Advisors represented the seller in a transaction that closed recently, involving an 82-unit assisted living and memory care facility in Canton, Ohio. The Landing of Canton was sold by a private seller […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
AdCare Health Systems Leases 10 Ark. Skilled Nursing Facilitates Long-term care provider AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), as part of its ongoing strategic plan to transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, signed an agreement with Aria Health Group, LLC […]
Cambridge Subsidiary Closes $28 Million Loan Modification for Senior Housing Portfolio Cambridge Investment and Finance Co., a subsidiary of Cambridge Realty Capital Companies, announced closing a $28 million conventional loan modification for four properties it owns and operates as SunRidge Senior Living in El Paso, Texas. The firm purchased the portfolio 18 months ago from […]
Prudential Real Estate Investors Buys Senior Housing Community Prudential Real Estate Investors recently purchased a senior housing community in Alpharetta, Ga. in a transaction brokered by ARA Seniors Housing Group. Arbor Terrace at Crabapple is a 93-unit “Class A” assisted living and memory care community sold by AEW Capital Management on behalf of one of […]
AdCare Health Systems, Inc.’s (NYSEAMEX:ADK) Martin Brew resigned as the long-term care provider’s chief financial officer on Monday in relation to extensive accounting errors impacting the company’s financial statements for all of 2012. In March, AdCare announced it would be postponing the release of its financial results for the fourth quarter and year end 2012 and […]
AdCare Property Holdings, LLC—a wholly owned subsidiary of AdCare Health Systems, Inc.—announced last week it has entered into an agreement with Avalon Health Care, LLC to acquire two skilled nursing facilities (SNF) for $28 million. The Nashville-based facilities that are being acquired include a 180-bed facility known as Bethany Health and Rehab, and a 240-bed […]
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