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 […]
Category: Acquisitions
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 […]
Independent living and assisted living continue to lead the way for future senior housing investment, with a recent survey showing a 24% increase in positive investment sentiment for the sector from 2024. That’s according to JLL Capital Markets’ eighth edition of the Senior Housing and Care Investor Survey and Trends report. A total of 78% […]
Senior living company Solinity via its development division has announced a new partnership and plans to execute on a $300 million acquisition and development pipeline. Solinity’s new pipeline is set to target multigenerational and mixed-use, “age-friendly” communities in the U.S. Southeast. The Knoxville, Tennessee-based company last year laid out a growth strategy to expand its […]
A new private funds management business* launched by Welltower (NYSE: WELL) is acquiring NorthStar Healthcare Income in a $900 million transaction, the company announced Wednesday. The acquisition covers NorthStar and its 40 senior housing communities. The purchase price totals about $3.03 per share and Welltower expects it will close in the first half of 2025, […]
A portfolio of eight senior living communities originally developed by Brightview Senior Living has changed hands, with investment funds managed by Morgan Stanley Real Estate Investing as the buyer. The portfolio of communities comprises a total of 1,186 units across the Providence, Rhode Island; Baltimore, Philadelphia and Boston metropolitan areas. Brightview, headquartered in Baltimore, will […]
A nonprofit developer and provider of affordable housing and supportive services is growing beyond its initial footprint with a new acquisition of affordable communities that serve older adults and families in need. Wesley Housing is acquiring Virginia United Methodist Housing Development Corporation (VUMHDC) in a transaction that nearly doubles Wesley’s existing affordable housing portfolio. Since […]
The Inland Real Estate Group recently acquired three senior living communities from Harrison Street, and there’s “no shortage of opportunities” for growth next year and beyond, according to Inland Real Estate Acquisitions Senior Vice President Matthew Tice. The Oak Brook, Illinois-based organization currently owns 14 senior housing communities. In 2019, it launched a senior living […]
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