$569 Million Joint Venture Sale of Florida Senior Housing Portfolio Closed by HFF Holiday Fenolglio Fowler, L.P. (HFF) closed a $569 million sale of a six-property seniors housing portfolio in Florida, known collectively as Aston Gardens. The sale was a joint venture between health care real estate investment trust (REIT) Welltower Inc. and Canada Pension Plan […]
Royal Senior Care LLC
Cushman & Wakefield Arranges $53.4 Million in Construction Financing for LCB Senior Living Developments in Massachusetts Cushman & Wakefield Senior Housing Capital Markets, a global real estate services firm, has arranged $53.4 million loan in construction financing and joint venture equity for LCB Senior Living’s two senior housing developments in Massachusetts. The Residence at Vinnin Square […]
Capitol Seniors Housing Buys 97-Unit California Property Real estate services firm Cushman & Wakefield recently announced the sale of Fremont Hills, a 97-unit Class A assisted living and memory care community in Fremont, Calif. Capitol Seniors Housing purchased the property for an undisclosed amount and MBK Senior Living will manage it. Cushman & Wakefield arranged […]
Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired Magnolia Glen, a retirement community in Raleigh, N.C., for $59.96 million, reports the News & Observer. The property was sold by Kisco Senior Living, based in Carlsbad, Calif. The community has independent living cottages and apartments and was built in 2002. “The deal is further proof that […]
Toledo, Ohio-based real estate investment trust Health Care REIT (NYSE:HCN) has been busy in recent weeks with its approximately $845 million acquisition of Sunrise Senior Living and a $65 million purchase of three senior housing communities, and now it has been reported that the REIT purchased three more properties for a total of $26.2 million. […]
Health Care REIT Inc. (NYSE:HCN) recently purchased three Florida assisted living facilities from Royal Senior Care LLC for $64.6 million, report the South Florida Business Journal and the Jacksonville Business Journal. The Sunrise Atrium was bought for $31.54 million by HCN affiliate HCRIX Royal from RSC Atrium. The 160-unit community is located on 2.3 acres in […]
Gazit-Globe, a leading multi-national real estate company, announced last week that its private subsidiary, Royal Senior Care, LLC and its members have completed a transaction to sell the majority share of its wholly-owned senior housing communities. Gazit Senior Care, Inc., a private subsidiary fully-owned by Gazit-Globe, holds a 60% interest in Royal Senior Care, LLC, […]