Cornerstone Acquires $10.7 Million Assisted Living Facility in New Hampshire

Cornerstone Real Estate Funds, and its strategic alliance partner and sub-advisor Servant Healthcare Investments, announced that the Cornerstone Healthcare Plus REIT has acquired Forestview Manor a stabilized 69 unit Assisted Living and Dementia Care Facility in Meredith, NH for $10,750,000.  Servant Healthcare Investments has engaged Woodbine  Senior Living to operate the facility. Woodbine is a […]

Kindred Healthcare to Acquire RehabCare Group

Kindred Healthcare, Inc. ("Kindred") (NYSE:KND) and RehabCare Group, Inc. ("RehabCare") (NYSE:RHB) announced the signing of a definitive merger agreement earlier this week where Kindred will acquire RehabCare.  The combination will create a post-acute healthcare services company in the United States with over $6 billion in annual revenues and operations in 46 states. The combined company […]

SLIB Completes Sale of Florida ALF Portfolio

Senior Living Investment Brokerage (SLIB) recently announced the sale of a portfolio of four assisted living facilities located in the Florida panhandle.  The communities were all constructed in 1999 and have a total of 39 units in each community with additional land for expansion at each site.  The purchaser is a joint venture between Nationwide […]

Brookdale Announces Acquisitions, Financing Transactions

Brookdale Senior Living Inc. (NYSE: BKD) recently announced that it completed the acquisition of 12 communities in Oklahoma and Texas with a total of 421 units for an aggregate purchase price of $31.3 million.  The communities had previously been operated by Brookdale under long-term leases.  Brookdale also stated that it has entered into an agreement […]

Sunrise Completes Purchase-Sale Transaction, Starts New Joint Venture with CNL Lifestyle Properties

Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that it has completed its previously announced purchase and sale agreement with a wholly owned subsidiary of CNL Lifestyle Properties and an affiliate of Arcapita, which was Sunrise’s joint venture (JV) partner in 29 Sunrise-managed communities.  In the transaction, Arcapita sold its 90% interest in the JV […]

AdCare Health Systems Completes NC Nursing Center Acquisition

AdCare Health Systems, Inc. (NYSE Amex: ADK) announced the completion of its acquisition of Mountain Trace Nursing Center, a 106-bed nursing facility in Sylva, North Carolina for $6.1 million.  The company expects the facility to generate an estimated $7.8 million in annualized revenues.  AdCare plans to finance the acquisition of the facility using a bank […]

Ensign Group Acquires Two Texas Senior Housing Facilities

The Ensign Group, Inc. (Nasdaq: ENSG) announced this week that it has acquired Wisteria Place, a continuing care retirement community, and its sister facility Wisteria Independent Living, both located in Abilene, Texas as of January 1, 2011.  Wisteria Place has a total 123 skilled nursing beds, 77 assisted living units and 20 independent living cottages […]

Capital Senior Living Enters Into Four Community Sale-Lease Transaction

Capital Senior Living Corporation (NYSE:CSU) announced last week that one of its joint ventures in which it has a 5% interest has entered into an agreement to sell four senior living communities to Health Care REIT, Inc. (NYSE:HCN).  The four communities, known as the Spring Meadows Communities, have approximately 625 units with a combined resident […]