Sonida Senior Living (NYSE: SNDA) has announced the addition of eight new senior living communities as part of two joint-venture agreements. The Dallas-based senior living operator on Tuesday said the communities were added in May and July. All told, the company is adding 790 units of independent, assisted living and memory care units. The JVs […]
Category: Acquisitions
Ventas (NYSE: VTR) has a runway for growth in North America and the U.K. – but opportunities to expand in the U.S. are “exceptional right now,” according to CEO Debra Cafaro. “This is one the first times in my career where I’ve seen high going-in cash yields on quality assets in good markets that also […]
This year, Clearwater Living established a foothold in Texas, the result of building momentum last year. Now, the company is setting its sights on other markets. The company earlier in May announced it is now managing a newly acquired former Watermark Retirement community in Houston with Hines as an institutional investor, bringing its total community […]
Adava Care is a new face in the senior living sector thanks to a recent 12-community acquisition, and the company has plans to become even more established in the space. Adava on May 1 acquired a 12-community portfolio in Wisconsin from a public real estate investment trust (REIT). The seller and terms of the deal […]
Transactions Blueprint advises on sale of Michigan community Blueprint announced it advised a real estate investment trust in the sale of an assisted living and memory care community in Wyoming, Michigan on April 4. According to a press release, the community was built in 2015 and consists of 102 units. The seller selected a Virginia-based […]
Privately owned real estate and private equity firm Pacifica Companies has purchased a 15-community portfolio from Retirement Housing Foundation. That’s according to an April 19 press release from Chicago-based specialty investment bank Ziegler, which advised on the $180.5 million transaction for the non-profit. The purchased portfolio represents “the majority of RHF’s presence in market-rate senior […]
Primrose Retirement Communities is shifting its growth strategy in a difficult development environment, with a current focus on growing in smaller, mid-level markets. With the acquisition of The Addison of Pleasant Prairie on Feb. 1, the Aberdeen, South Dakota-based company has grown to 34 communities in 17 states. Since the company’s founding in 1989, its […]
Welltower Inc. (NYSE: WELL) is acquiring a 25-community active adult portfolio with larger plans to create a programmatic development agreement with Affinity Living Communities. The portfolio consists of 3,900 units, mostly concentrated in the Pacific Northwest, according to a press release on the transaction. Affinity will continue to manage the portfolio when it changes hands. […]
Senior living operator Retirement Unlimited, Inc. (RUI) is acquiring Brandywine Living, a move that brings its total to 59 communities under management. Current RUI CEO William Fralin and President Doris-Ellie Sullivan are slated to keep their titles with the new company. With the move, RUI is deepening its presence in the Northeast and Mid-Atlantic regions […]
The slowdown in senior living M&A continued into the third quarter of this year, representing the slowest period for industry deal-making since 2021. That’s according to an Oct. 16 M&A update from Irving Levin Associates. According to the company’s latest data, industry players inked just 115 deals in the third quarter of 2023, totaling an […]
Subscribe
Receive industry updates and breaking news from SHN