In case you missed it, here’s a list of senior housing and care transactions covered by Senior Housing News in the first half of 2012, starting from those published most recently and dating back to January. June Senior Housing Sales & Acquisitions MBK Senior Living Acquires Ariz. Independent Living Community for $31.9 Million Chartwell Sells […]
Category: Acquisitions
Chicago-based developer Senior Lifestyle Corp. confirmed it has sold two local senior housing projects in a sale-leaseback transaction. The transaction includes Autumn Green at Midway Village, a 121,600-square-foot retirement community in the West Lawn neighborhood of Chicago with 100 independent living and 23 assisted living units. The community opened in 2005 and is located adjacent […]
Irvine, Calif.-based owner/operator MBK Senior Living recently closed escrow on a $31.9 million senior living community in Tucson, Ariz. The purchase was made with cash from an undisclosed seller. The Country Club of La Cholla is MBK Senior Living’s first Arizona community, and it is the company’s 15th community. The acquisition adds 223 independent living […]
Chartwell Seniors Housing Real Estate Investment Trust (TSX:CHS.UN) has agreed to sell its 100% ownership interest in six U.S. Properties to Harvest Facility Holdings LP for approximately $165.5 million (USD) in a transaction that is expected to close in the fourth quarter of 2012. The properties have a total of 1,221 independent living units, and […]
Genesis HealthCare will acquire Sun Healthcare Group, Inc. (NASDAQ:SUNH) in a $275 million transaction announced on Wednesday. The merger follows a December letter to Sun’s board of directors by the investment manager of one of the healthcare company’s largest investors, calling for a sale to a larger industry player. The combined companies will create the […]
Healthcare real estate investment trust Ventas, Inc. (NYSE:VTR) announced on Monday that it has sold 12 senior housing communities to operator Assisted Living Concepts, Inc. (NYSE:ALC) for $100 million in cash. ALC had been the tenant for these communities. Its leases with Ventas were terminated at the transaction closing, and the REIT no longer owns […]
Senior Living Investment Brokerage, Inc. recently facilitated the sale of an 86-bed skilled nursing and assisted living facility located in Rose Hill, Kans. for $4.25 million, or about $55,900 per bed. Rose Hill is a one-story, approximately 33,000-square-foot facility that sits on 5.5 acres of land. The skilled nursing section has 56 beds and was […]
A county-run nursing home in New York was recently sold to a New York City corporation for $4.05 million in a transaction brokered by real estate investment services firm Marcus & Millichap. Essex County lawmakers voted 12-6 to sell the 100-bed Horace Nye Nursing Home to the Centers for Speciality Care of the Bronx, one […]
Sabra Health Care REIT, Inc. (Nasdaq:SBRA) recently acquired four skilled nursing facilities in two separate transactions for a total of $27.5 million. The first three properties were acquired on June 1 in a sale-leaseback transaction with affiliates of Aurora Health Management, LLC for $21.8 million. Two of the facilities are located in Connecticut, and the […]
Health Care REIT, Inc. recently bought a senior housing community from a subsidiary of Senior Lifestyle Corporation for $38 million, reports CoStar. The community consists of two apartment buildings located in Greendale, Wisc., with a total of approximately 250,300 square feet. The properties were under contract for about two months prior to closing and were […]
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