Commercial real estate brokerage Healthcare Realty Brokerage, headquartered in Clayton, Mo., recently represented a Midwest regional operator to lease the company’s Kentucky skilled nursing facility to Advocat Inc., a publicly traded skilled nursing provider based in Brentwood, Tenn. The lease for Arbor Place of Clinton has an initial 10-year term with two five-year renewal options, […]
Category: Acquisitions
New Zealand-based retirement village operator Metlifecare (NZX:MET) has agreed to buy rivals Vision Senior Living and Private Life Care Holdings and their combined eight villages for about $116 million ($92 million U.S.D.). “The merger will strengthen Metlifecare’s presence in the key Auckland retirement village market and ensure that the company continues to compete strongly in […]
AdCare Property Holdings, LLC, a subsidiary of AdCare Health Systems, Inc., plans to acquire Sumter Valley Nursing and Rehab Center, a 96-bed skilled nursing facility located in Sumter, South Carolina from Pinewood Holdings, LLC for an aggregate purchase price of $5.5 million, according to an 8-K filing. The purchase price consists of $5.25 million in cash […]
Real estate investment trust CNL Lifestyle Properties, Inc. recently acquired four Georgia senior housing communities for $79.8 million, bringing the REIT’s total number of senior housing properties to 56. CNL purchased the communities from affiliates of Solomon Holdings III Dogwood Four, LLC. The four communities are: Dogwood Forest of Alpharetta in Alpharetta, Ga., which was […]
Terra Firma, a private equity group, announced on Monday its intentions to buy British nursing home operator Four Seasons Health Care for up to $1.34 billion, reports the New York Times. The deal terms include Terra Firma paying about $1.32 billion up front for Four Seasons. Then, if the company hits its performance targets, according […]
Bondcare Group is planning a takeover of struggling—and rival—UK nursing home operator Four Seasons Health Care Group, Ltd., according to Sky News. Leib Levison, Bondcare’s CEO, is spearheading a bid for Four Seasons, which is Britain’s largest nursing home operator, the article says. The three banks advising Four Seasons on its auction (Deutsche Bank, Gleacher […]
Ventas Completes Previously-Announced Cogdell Spencer Acquisition Ventas, Inc. (NYSE:VTR) announced on Monday, April 2 that it had completed its previously announced acquisition of Cogdell Spencer (NYSE:CSA). “With the closing of the accretive Cogdell acquisition, Ventas is now the largest owner of medical office buildings (“MOBs”) in the U.S. with over 21 million square feet of […]
Real estate investment services firm Marcus & Millichap recently brokered a short-term lease with an option to purchase of a Ventura, Ca. continuing care retirement community. The CCRC is located on 12 acres of land and features 89 cottages and a seven story, 242-unit tower that offers both independent and licensed assisted living care. The […]
Capitol Seniors Housing recently purchased an assisted living/memory care community located in Escondido, Ca. for $9.5 million with the help of its capital partner and lender, Capital Funding Group. The Southern California community, Garden Park Villas, has 89 units, 59 of which are currently assisted living. However, Capital Seniors Housing plans to convert up to […]
Ventas, Inc. (NYSE:VTR) has agreed to acquire a 100% interest in 16 private-pay senior living communities from affiliates of Sunrise Senior Living, Inc. (NYSE:SRZ) and its institutional joint venture partner for $362 million. Sunrise will receive approximately $28 million for its 20% ownership in the portfolio and will remain the manager of the communities under […]
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