Independent living and assisted living continue to lead the way for future senior housing investment, with a recent survey showing a 24% increase in positive investment sentiment for the sector from 2024. That’s according to JLL Capital Markets’ eighth edition of the Senior Housing and Care Investor Survey and Trends report. A total of 78% […]
Category: Acquisitions
Senior living company Solinity via its development division has announced a new partnership and plans to execute on a $300 million acquisition and development pipeline. Solinity’s new pipeline is set to target multigenerational and mixed-use, “age-friendly” communities in the U.S. Southeast. The Knoxville, Tennessee-based company last year laid out a growth strategy to expand its […]
A new private funds management business* launched by Welltower (NYSE: WELL) is acquiring NorthStar Healthcare Income in a $900 million transaction, the company announced Wednesday. The acquisition covers NorthStar and its 40 senior housing communities. The purchase price totals about $3.03 per share and Welltower expects it will close in the first half of 2025, […]
A portfolio of eight senior living communities originally developed by Brightview Senior Living has changed hands, with investment funds managed by Morgan Stanley Real Estate Investing as the buyer. The portfolio of communities comprises a total of 1,186 units across the Providence, Rhode Island; Baltimore, Philadelphia and Boston metropolitan areas. Brightview, headquartered in Baltimore, will […]
A nonprofit developer and provider of affordable housing and supportive services is growing beyond its initial footprint with a new acquisition of affordable communities that serve older adults and families in need. Wesley Housing is acquiring Virginia United Methodist Housing Development Corporation (VUMHDC) in a transaction that nearly doubles Wesley’s existing affordable housing portfolio. Since […]
The Inland Real Estate Group recently acquired three senior living communities from Harrison Street, and there’s “no shortage of opportunities” for growth next year and beyond, according to Inland Real Estate Acquisitions Senior Vice President Matthew Tice. The Oak Brook, Illinois-based organization currently owns 14 senior housing communities. In 2019, it launched a senior living […]
Commonwealth Senior Living is on the cusp of having a new owner. Health care real estate company Invesque (TSX: IVQ.U and IVQ) has reached a definitive agreement to sell its interest in the Commonwealth management company and in 20 Commonwealth properties. This is on the heels of Invesque selling seven other Commonwealth senior living communities, […]
Brookdale Senior Living (NYSE: BKD) is acquiring 41 communities currently managed under triple-net leases for $610 million, the company announced Monday. The acquisition totals 2,789 units in three different portfolios of communities. Among the companies involved in the transaction are real estate investment trusts (REITs) Welltower (NYSE: WELL) and Diversified Healthcare Trust (NYSE: DHC) . […]
American Healthcare REIT (NYSE: AHR) on Tuesday announced it has exercised a purchase option to acquire the remaining 24% ownership stake of Trilogy Health Services. Trilogy acquired the minority stake from its joint-venture partner, an affiliate of NorthStar Healthcare Income. The amount that changed hands with the transaction was $258 million, according to a press […]
The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points, setting the stage for an uptick in senior living lending and dealmaking. With the Fed’s announcement Wednesday, the U.S. central bank lowered the target range for federal funds to 4.75% to 5%. The Fed had previously held off on enacting rate cuts […]
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