NorthStar Healthcare Income Inc., a public, non-traded real estate investment trust, has agreed to purchase 15 continuing care retirement communities (CCRCs) from subsidiaries of Fountains Senior Living Holdings, LLC, in a deal totaling approximately $640 million. National senior living operator Watermark Retirement Communities Inc. will continue as the day-to-day operator of the CCRCs after the […]
Freshwater Group
While the economic downturn has impacted all segments of senior housing finance and construction, it has also taken a toll on a particular part of the market—non-profit institutions that run senior housing facilities. Non-profits are struggling generally in light of the downturn, with many reporting that they have had to cut staff and resources due […]