One of the largest developers of post-acute properties in the U.S. is expanding its footprint in Texas while seemingly winding things down in its home state. Mainstreet Property Group recently moved its development and property operations from Carmel, Indiana to Cedar Park, a suburb of Austin, Texas, according to an April 20 story in the Indianapolis Business […]
Mainstreet Property Group
The Ensign Group Acquires Two Texas Assisted Living Facilities The Ensign Group, Inc., parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has announced that its assisted and independent living portfolio company acquired the real estate and operations of two 37-unit AL facilities […]
Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]
Happy Monday! Hopefully, you’ve already had your morning coffee and you’re ready to take on the day. Before you do, take some time to get caught up on the events of the past few days. In the senior housing world, last week was a week of change: After 45 years, Holiday Retirement is doing away […]
Mainstreet Health Investments to Seek $95 Million in Canadian Share Offering Toronto-based Mainstreet Health Investments Inc. is planning to raise $95 million by listing on the Toronto Stock Exchange and selling shares in Canada. Mainstreet Health Investments, which owns 11 seniors housing and care properties in Illinois, is controlled by Carmel, Indiana-based real estate developer Mainstreet Property Group. […]
In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: Brookdale iPad Pilot Tests Tablet Use in Senior Living — Brookdale Senior Living Inc. (NYSE:BKD) is partnering with a research team at one of its newly acquired California-based Emeritus communities to study iPad use among a group of […]
Toronto-based HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) recently acquired seven senior housing properties for more than $102 million. The Mainstreet-affiliated REIT purchased a four-property portfolio for $49.4 million at a 8.3% cap rate consisting of two skilled nursing facilities and two assisted living communities located in North Carolina, Virginia, and Pennsylvania. The portfolio includes […]
BMA Management Tapped to Operate 2 New Ill. Communities BMA Management has been picked to operate two senior living communities currently being developed in Illinois. Both will serve low-income seniors through the state’s Supportive Living Facility program. Goldblatts Senior Living Community is being developed in the historic Goldblatts Department Store building in Chicago’s Back of […]
Mainstreet Property Group and The Ensign Group, Inc. (NASDAQ: ENSG) today announced they will embark on a partnership that will start with the development of five new “healthcare resorts” in Texas and Kansas. The joint venture partners will team up to develop and operate what they are calling NextGeneration Medical Resorts, which will be full-service […]
Construction: Planned $30 Million Senior Living Community Coming to San Antonio Dallas-based three: living architecture is designing a $30 million senior living community for San Antonio residents living in the Alamo Heights neighborhood. The project, dubbed Franklin Park, will feature 115 independent living units, 62 assisted living units and 40 memory care units within 315,000-square-feet. […]
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