Nonprofit Wesley Housing Nearly Doubles Portfolio in Deal That Includes Affordable Senior Housing

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 […]

Inland Buys 3 Senior Living Communities With ‘No Shortage’ of Future Growth Opportunities

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 […]

Commonwealth, Invesque CEOs: Sale of Management Company, 27 Communities Paves Way for Future

Commonwealth Senior Living is on the cusp of having a new owner. Health care real estate company Invesque (TSX: IVQ.U and IVQ) has reached a definitive agreement to sell its interest in the Commonwealth management company and in 20 Commonwealth properties. This is on the heels of Invesque selling seven other Commonwealth senior living communities, […]

‘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 […]