The Ensign Group (NASDAQ: ENSG) moved into Nevada with the acquisition of the Grand Court Las Vegas, a 152-unit assisted and independent living facility in Las Vegas, Nevada. Effective June 1, 2011, Ensign said it paid an undisclosed amount of cash for the facility, which as of closing, had an occupancy rate of approximately 85%. “We […]
Category: Acquisitions
Brookdale Senior Living (NYSE: BKD) has agreed to acquire Horizon Bay Realty, the ninth largest operator of senior living communities in the United States. Upon closing, Brookdale will add an additional 90 communities to its portfolio with over 16,000 units in 19 states. As part of the deal, Brookdale entered agreements to restructure Horizon Bay’s existing relationship […]
Equity LifeStyle Properties (NYSE:ELS) agreed to purchase 76 manufactured home communities from certain affiliates of Hometown America for $1.43 billion. The properties contain 31,167 sites on approximately 6,500 acres located in 16 states said the REIT on Tuesday. Assuming the acquisition was completed on January 1, 2010, ELS estimates the purchase price represents a cap rate of approximately 6.7%, and that […]
The Ensign Group (NASDAQ: ENSG) acquired Symbii Home Health and Hospice, a home health and hospice agency with branches in Utah. Effective as of May 15th, 2011, the company will be operated by a subsidiary of Conerstone Healthcare, Ensign’s home health and hospice-based portfolio subsidiary. “We are pleased with the growth and development of our home […]
Atria Senior Living has completed a deal to merge its senior living portfolio with Ventas (NYSE: VTR). As part of the agreement, Atria will manage the portfolio of 118 senior living communities acquired by Ventas. Ventas acquired the portfolio valued at more than $3.1 billion through mergers of Atria Senior Living Group, Inc. (ASLG) using […]
Atlanta-headquartered ARA recently announced the sale of Granite Gate, a 116-unit/129-bed community located in Prescott, Arizona for $25.6 million. The four-story community consists of 91 independent and assisted living units, and 25 memory care units. Built in 1996 and last renovated in 2006, Granite Gate is located in the breathtaking Granite Dells of Prescott, Arizona. […]
AdCare Health Systems, Inc. (NYSE Amex: ADK) announced the closing of a previously announced acquisition of two skilled nursing facilities in Dublin and Marietta, Georgia, with the remaining third facility of this group located near Atlanta expected to close by end of May. The three facilities have an aggregate of 335 beds generating $16.4 million […]
Leisureworld Senior Care Corporation (TSX:LW) completed the acquisition of two Royalton retirement residences in Kingston and Kanata, Ontario on Thursday. LW paid $89 million for the two facilities (294 suites total) after working capital adjustments and a holdback of $5.5 million to be held in escrow as an income guarantee to complement cash flow from […]
Bayside Communities, LLC has acquired the general partner interests in 20 multi-family properties that were part of bankrupt A.F. Evans Development, Inc.’s affordable/senior housing portfolio. The portfolio includes 2,135 units located in California, Washington and Oregon. In addition, Bayside said it will be acquiring general partner interests in another 12 properties from the A.F. Evans portfolio as […]
Grubb & Ellis Healthcare REIT II announced it has acquired three different buildings, the Yuma Skilled Nursing Facility in Yuma, Ariz., Hardy Oak Medical Building in San Antonio, and Lakewood Ranch Medical Office Building in Bradenton, Fla. “The acquisition of these properties was attractive to Grubb & Ellis Healthcare REIT II due to their proximity to […]