Sunrise Senior Living recently added two senior living communities in California as part of what CEO Jack Callison is calling a new “era of growth.” This week, the McLean, Virginia-based senior living provider announced it took on management of the two communities in partnership with Griffin Living, a national senior housing developer based in Calabasas, […]
Category: Acquisitions
The senior living industry could be “more durable” than some of its real estate counterparts in the years to come with regard to tariffs, while immigration is a bigger, longer-term issue. The impact of tariffs on the senior living industry, along with potential impacts including proposed cuts to Medicare and Medicaid and ongoing deportations, have […]
Faith-based nonprofit Saint Therese is making progress on its goal of impacting 25,000 lives in the next decade with its second acquisition in the past six months. The St. Louis Park, Minnesota-based nonprofit on May 1 acquired The Belvedere of Heritage Retirement Communities of Westlake, Ohio, from Heritage Retirement Communities. The 33-apartment community is located […]
Omega Healthcare Investors (NYSE: OHI) continues to see opportunity investing in senior housing in the United Kingdom, while also growing its senior living investment pipeline in the U.S. The Hunt Valley, Maryland-based real estate investment trust (REIT) highlighted the acquisition of a 45-property portfolio of care homes in Scotland and Jersey for approximately £259.8 million, […]
Sagora Senior Living on Friday announced the acquisition of 14 new senior living properties in Texas, continuing the company’s growth effort. The latest additions put Fort Worth, Texas-based Sagora at 95 communities as the operator continues to grow in the Lone Star State. “Anytime we can grow in Texas, we’re going to grow there,” McCaleb […]
Northbridge Communities is executing on its growth plans and solidifying its presence in the New England region through the acquisition of four communities in Maine and Connecticut. The announced acquisitions also marks a return to Connecticut for the company, according to Wendy Nowokunski, president and co-founder of Northbridge Communities. Combined, the acquisitions add an additional […]
Solera Senior Living has acquired a smaller senior living operator, adding five senior living communities in three states in the process. On Wednesday, Denver, Colorado-based Solera announced it had acquired senior living operator SageLife and its five communities in Maryland, Massachusetts and Pennsylvania. The acquisition grows the operator’s senior living portfolio to 14 properties across […]
A subsidiary of CareTrust REIT (NYSE: CTRE) is acquiring UK-based Care REIT plc and its 137 care homes in the United Kingdom in a deal representing about $817 million. Care REIT has a portfolio of 137 care homes totaling about 7,500 beds in England, Scotland and Northern Ireland managed by 15 operators. Under the deal, […]
Welltower (NYSE: WELL) is acquiring a 38-community senior living portfolio managed by Amica Senior Lifestyles in Canada in a deal valued at $4.6 billion CAD. The Toledo, Ohio-based real estate investment trust (REIT) noted in an announcement Sunday it is buying the 38-community “ultra-luxury” portfolio along with nine entitled development parcels from the Ontario Teachers’ […]
Apollo (NYSE: APO) on Monday announced the acquisition of real estate firm Bridge Investment Group, one of the largest owners of senior housing in the U.S., in an all-stock transaction valued at approximately $1.5 billion. Salt Lake City, Utah-based Bridge Investment Group owns 62 senior living communities and ranks 21st on the 2024 American Seniors […]
Subscribe
Receive industry updates and breaking news from SHN