Chicago Senior Care, LLC, a partnership between Senior Care Development, LLC, Fundamental Advisors LP, and Life Care Companies LLC, placed the winning bid on the bankrupt Clare at Water Tower, a luxury senior high rise located in Chicago’s Gold Coast. The acquisition was led by stalking horse bidder Senior Care Development, out of Harrison, N.Y., […]
Category: Acquisitions
Senior Living Investment Brokerage, based in Glen Ellyn, Ill., recently brokered the sale of seven senior living properties across three states for a total of $30,350,000. “All signs point to a surge during the last several months in investor interest in senior living properties. Buyers are extremely motivated. For skilled nursing facilities as well as seniors housing, […]
The Centers for Specialty Care Group recently got a new addition to its group of long- and short-term rehab facilities after Staten Island Nursing and Rehabilitation Facility Saint Elizabeth Ann joined the network on April 1. “This facility will be our first in Staten Island and we are committed to delivering the same high quality […]
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently acquired two skilled nursing facilities located in Pennsylvania for $29.9 million, and also funded a mezzanine loan investment for Meridian Equity Investors. The nursing facility acquisitions were a sale-leaseback transaction with affiliates of the sellers; the purchase prices was funded with available cash. Each facility has 60 licensed […]
CLW Senior Housing, a division of CLW Real Estate Services Group, recently represented affiliates of Walton Street Capital, L.L.C. and Senior Lifestyle Corporation in the sale of two rental retirement communities located in Pennsylvania and Wisconsin. The first retirement community, Bellingham/Park Lane, is located in West Chester, Pa., and has 208 independent living apartments, 50 […]
In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]
Atlanta-based Formation Development Group and an affiliate of Washington, D.C.-based The Carlyle Group recently acquired a Georgia senior living facility in a joint venture transaction for an undisclosed price. Senior Capital Advisors brokered the sale. “The combination of Formation Development, being based in the Atlanta market and with its extensive development experience, and The Carlyle […]
Silverado Senior Living, specializing in memory care services, recently expanded its presence into Washington state to manage two new communities, Silverado Senior Living—Everett and Silverado Senior Living—Bellingham. The company assumed the operations of two dementia-care communities located at 524 75th Street SE, in Everett, and 848 W. Orchard Drive, in Bellingham, in December, and plans […]
Capital Senior Living Corporation (NYSE:CSU) recently completed the acquisition of five senior living communities for a purchase price of $49.4 million. The communities, located in Texas and Indiana, offer levels of care that include independent living, assisted living, and memory care. CSU financed the communities with approximately $37.5 million of 10-year, fixed rate, non-recourse debt […]
Alchemy Management LLC’s $6.25 million purchase offer for Dearborn Towers, a senior apartment complex located in Clearwater Beach, Fla., has been approved by the local city council, reports the local Press & Guide. The Clearwater Beach-front building has been on the market since 2010 and residents have faced uncertainty as to the future of the […]
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