Brookdale Senior Living (NYSE: BKD) is acquiring 41 communities currently managed under triple-net leases for $610 million, the company announced Monday. The acquisition totals 2,789 units in three different portfolios of communities. Among the companies involved in the transaction are real estate investment trusts (REITs) Welltower (NYSE: WELL) and Diversified Healthcare Trust (NYSE: DHC) . […]
American Healthcare REIT (NYSE: AHR) on Tuesday announced it has exercised a purchase option to acquire the remaining 24% ownership stake of Trilogy Health Services. Trilogy acquired the minority stake from its joint-venture partner, an affiliate of NorthStar Healthcare Income. The amount that changed hands with the transaction was $258 million, according to a press […]
The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points, setting the stage for an uptick in senior living lending and dealmaking. With the Fed’s announcement Wednesday, the U.S. central bank lowered the target range for federal funds to 4.75% to 5%. The Fed had previously held off on enacting rate cuts […]
PACS Group (NYSE: PACS) has finalized its previously announced acquisition of more than four dozen communities from Prestige Care. The acquisition, announced earlier this year in May, adds 53 skilled nursing, assisted and independent living communities to the company’s holdings and expands its foothold to Alaska, Idaho, Montana, Oregon and Washington. Through the acquisition, PACS […]
Investment firm Harrison Street has acquired five senior living communities from Brightview Senior Living. The acquisition, announced Sept. 9, comprises 743 units spread out across Massachusetts, Maryland, New Jersey, Pennsylvania and Virginia. Harrison Street is acquiring the communities as part of a joint-venture agreement with Baltimore-based Brightview Senior Living. “We are very excited to be […]
Senior living developer, owner and operator Solinity has acquired a new community as part of a brand launch and growth strategy. The acquisition of St. Ives, a 36-apartment assisted living and memory care community in Johns Creek, Georgia, is the first community in the company’s new Hometown Living brand. It’s also the step in the […]
Sonida Senior Living (NYSE: SNDA) is planning to acquire an eight-property senior living portfolio in Florida and South Carolina for $103 million. The acquisition, announced in a press release Thursday, includes properties “located in attractive submarkets” and adds to the company’s footprint in Florida and South Carolina. The portfolio in total spans 555 units, offering […]
National Church Residences has acquired an affordable senior housing highrise in Atlanta, expanding its portfolio in the metro area. On Thursday the organization announced it had acquired from the Episcopal Cathedral of St. Philip a 99-year ground lease interest on a community formerly known as Cathedral Towers. The 14-story apartment building was built in 1979 […]
LifeLoop has acquired engagement platform Linked Senior, bringing together the two services under one banner. Paige Mantel, chief marketing officer at LifeLoop, said both companies are largely complementary and have a shared philosophy of improving the senior living resident experience using technology. Under the acquisition, Linked Senior Founder and CEO Charles de Vilmorin and Linked […]
Welltower (NYSE: WELL) is seeking additional capital with which to pay down loans and invest in new senior housing assets. The Toledo, Ohio-based real estate investment trust (REIT) on Monday announced that its operating company, known as “Welltower OP,” has launched a new $750 million private placement offering. The initial purchasers also have an option […]
