Equity LifeStyle Properties, Inc. (NYSE:ELS) recently closed on two more properties from its 75-property portfolio for which it entered into purchase agreement earlier this year. This most recent closing was for a stated purchase price of approximately $82 million, funded by issuing about $29 million worth of the company’s Series B Preferred Stock to the […]
Category: Acquisitions
Real estate investment manager Clarion Partners recently acquired a 586-unit California apartment portfolio of three senior housing communities in an off-market transaction for $100 million. The acquisition consists of the 115-unit Buena Vida at Town Center in Rancho Santa Margarita, the 264-unit Village on the Green in Rancho Cucamonga, and the 207-unit Oak View at […]
Grubb & Ellis Healthcare REIT II said it entered into an agreement to acquire the Southeastern Skilled Nursing Facility Portfolio for $166.5 million last week. The portfolio includes 10 SNFs located in Alabama, Georgia, Louisiana, and Tennessee. The properties total nearly 460,000 sq. ft. and include 1,364 beds. Built between 1969 and 1999. The 10 […]
Senior Living Investment Brokerage, Inc. announced this week that it has brokered senior housing deals totaling $56.23 million. The properties include assisted living and skilled nursing facilities spanning five states. “Acquisition activity across the country remains strong with a wide range of investors continuing to have a positive impact on the market for senior living […]
The Ensign Group (NASDAQ: ENSG) has acquired the Springs at Pacific Regent in La Jolla, Calif., a medicare skilled nursing facility for an undisclosed sum. “This is a strategic acquisition that adds to our growing portfolio in the important San Diego County market,” said Covey Christensen, President of Ensign’s Southern California-based Flagstone Group, a subsidiary of […]
Grubb & Ellis Healthcare REIT II, Inc. recently announced its acquisition of Lafayette Physical Rehabilitation Hospital, a 32-unit facility in Lafayette, La. that is master-leased to Lafayette Physical Rehabilitation Hospital, LLC until 2026. The hospital is adjacent to both Heart Hospital of Lafayette and Lafayette Specialty Surgery Hospital. “Lafayette Physical Rehabilitation Hospital is a strong […]
Sabra Health Care REIT (NASDAQ:SBRA) announced on Tuesday the acquisition of two skilled nursing facilities for $18 million. The first is Manokin Manor & Rehabilitation Center, a 135 bed skilled nursing facility built in 1987 and located in Princess Anne, Maryland. The second property is Honey Hill Care Cetner, a 150 skilled nursing facility that was […]
One of the hottest topics in senior housing is the new RIDEA structure available to REITs looking to make acquisitions. The structure allows operators and the REITs to share both the operating profits of the facilities and also any downside, should performance deteriorate. RIDEA, which comes from and is an acronym for the REIT Investment […]
Acquisitions made by Real Estate Investment Trusts over the last year have pushed transactions volumes in seniors housing to record levels in 2011. During the first half of the year, transaction volume reached $16.4 billion, 55% more than volume from 2008 to 2010 according to the National Investment Center for Seniors Housing & Care Industry. […]
American Realty Capital Healthcare Trust, Inc., recently announced that it has closed on three income-producing properties for $60.9 million, representing the first part of a $68.9 million portfolio consisting of 12 healthcare facilities. The initial three properties are a multi-specialty medical campus located in Carson City, Nevada, for approximately $29 million; a medical office building […]
Subscribe
Receive industry updates and breaking news from SHN