‘Myriad of Benefits’: Brookdale Senior Living to Buy 41 Leased Communities for $610M

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 Buys Remaining Ownership Stake of Trilogy for $258M

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 […]

Fed Enacts First Interest Rate Cuts Since 2020, a Welcome Relief for Senior Living M&A

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 Gains New Senior Living Vertical After Finalizing 53-Property Acquisition

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 […]

Harrison Street Acquires Five Communities from Brightview Senior Living 

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 […]

Sonida Senior Living to Acquire 8-Community Portfolio for $103M 

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 Acquires Atlanta Highrise, Expanding Affordable Senior Housing Footprint

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 Acquires Linked Senior, Expanding Services to 50,000 New Residents

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 Announces $750M Private Offering to Repay Debt, Fund Senior Living Investments

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 […]