Canada is “going gangbusters” on growth in the senior housing and care industry, reports the National Real Estate Investor, and Chartwell Seniors Housing REIT—one of the country’s largest in the sector—is making moves to pull out of its holdings in the U.S. in favor of focusing closer to home. In the second quarter, Chartwell sold […]
Chartwell Seniors Housing
Chartwell Seniors Housing Real Estate Investment Trust (TSX:CHS.UN) has agreed to sell its 100% ownership interest in six U.S. Properties to Harvest Facility Holdings LP for approximately $165.5 million (USD) in a transaction that is expected to close in the fourth quarter of 2012. The properties have a total of 1,221 independent living units, and […]
Chicago-based private equity firm Harrison Street Real Estate Capital, LLC and development company The Engel Burman Group have agreed to purchase five senior living communities for $290 million from a Canadian-Australian joint venture partnership. Canadian REIT Chartwell Seniors Housing (TSX:CHS.UN) and ING Real Estate Australia Pty are selling the five-property Bristal-branded portfolio, all located in New […]