Bridgewood Property Company has quietly become a regional force in senior living with a “steady as she goes” approach to development and operations. The Houston-based company has developed 34 communities since its founding, founder and president Jim Gray told Senior Housing News. Its current portfolio of 22 properties in Texas, Oklahoma and Arkansas, totaling 2,600 […]
Chartwell Retirement Residences
be.group and ABHOW Affiliation Approved in California The formal affiliation of be.group and American Baptist Homes of the West (ABHOW), two of California’s leading non-profit senior housing providers, has been approved by state regulators, completing the previously announced unification. The two organizations have officially combined and are now the state’s largest non-profit provider and the […]
Chartwell Acquires Five Premier Ontario Residences for C$254 Million Chartwell Retirement Residences, Canada’s largest owner and operator of seniors housing, has entered into a definitive agreement to acquire five premier retirement residences in Ontario, Canada, for an aggregate purchase price of C$254 million from five distinct groups of vendors. The properties include Hollandview Trail Retirement Community in […]
Health Care REIT Purchases Fort Collins, Colorado Senior Living Facility for $56.7 Million Health Care REIT (NYSE: HCN) on Aug. 31 purchased a senior living community in southeast Fort Collins, Colorado for $56.7 million. MacKenzie Place is a senior living community that offers independent living, assisted living and memory care that opened in 2008. It […]
Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have closed their previously announced portfolio acquisition of 35 private-pay senior housing communities from Chartwell Retirement Residences for $847 million. Brentwood, Tennessee-based Brookdale has operated the portfolio, which includes 5,025 units, since 2011 after its acquisition of Horizon Bay, and will continue to manage the […]
Brookdale Senior Living Inc. (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have entered into a definitive agreement to acquire 35 private pay senior living communities from Chartwell Retirement Residences for $849 million. The properties — which represent the entirety of Chartwell’s U.S. portfolio — will be acquired using a RIDEA joint venture structure with HCP and Brookdale owning 90% […]
Brookdale Senior Living says it’s actively seeking acquisitions in the fragmented senior housing industry via a “small, tactical” buying strategy or partnering up for larger portfolios. “We remain active in seeking acquisitions in a fragmented industry that has considerable potential for consolidation opportunities,” said CEO Andrew Smith during the company’s fourth quarter earnings call. The company […]
Brookdale Senior Living (NYSE: BKD) has completed the acquisition of seven communities from Chartwell Retirement Residences for $80.9 million. The communities, based in Alabama, Arizona, Georgia, Louisiana and Oklahoma comprise assisted living and memory care units. The deal was first announced in May, 2013. Brookdale has been managing each of the communities with the exception […]
As high-quality portfolio investment opportunities for senior housing-focused real estate investment trusts (REITs) dwindle, the large-cap U.S. REITs are expected to chase growth opportunities abroad. “I would not be surprised at all to see more growth coming outside of the U.S.,” says Jeff Theiler, a research analyst with Green Street Advisors. “As the pool of large, […]
Brookdale Senior Living (NYSE: BKD) has agreed to acquire seven senior living communities from Ontario, Canada-based Chartwell Retirement Residences for a total purchase price of $80.9 million, the company announced today. The communities comprise a total of 613 units including 80 independent living, 493 assisted living and 40 Alzheimer’s units. Brookdale has been managing six […]