FellowshipLife recently grew by bringing three other communities into the fold — and the organization, and is hoping to keep that momentum going into 2024. With the move, the New Jersey-based senior living nonprofit has over the last nine months grown from its original community in Basking Ridge, Fellowship Village, to a portfolio that now […]
Category: Acquisitions
A potential buyer has bid $83.1 million to acquire the largest life plan community in Illinois after it declared Chapter 11 bankruptcy earlier this year. A company referred to as IL CCRC LLC has inked an agreement with Friendship Village of Schaumburg in Schaumburg, Illinois, to set a minimum price floor for the acquisition in […]
Investment manager and owner Phorcys Capital Partners is expanding its footprint in the industry with a plan to acquire and turn around distressed communities across the U.S. The company this week announced the $26.4 million acquisition of The Glen at Lake Oconee Village, a recently constructed 114-unit senior living community in Greensboro, Georgia, with independent […]
WTWH Media, LLC has announced the acquisition of HME Business and Mobility Management from 1105 Media, Inc. The two digital B2B media properties are focused on the home medical equipment industry and mobility professionals and rehabilitation suppliers and clinicians. These two additions build upon WTWH’s presence in the healthcare sector and further enhance its ability […]
Tutera Senior Living and Health Care is expanding its senior living footprint through acquisitions, including by picking up a 10-property portfolio previously operated by Enlivant. On Thursday, Tutera announced the company recently added the 10 senior living communities in Kansas, Iowa and Nebraska to its portfolio. The communities are former properties owned by Enlivant and […]
CareTrust REIT (NYSE: CTRE) had an active investment period in the second quarter of 2023, particularly on the skilled nursing side — but the company is still seeing a wider than desired bid-ask spread in senior living pricing, according to management. On the whole, the real estate investment trust (REIT) reported $173 million of new […]
Financings MassDevelopment Issues $129M Bond For Middle-Market Community MassDevelopment announced it issued a $129 million tax-exempt bond on behalf of 2Life Opus Newton for the development of a senior living community aimed at serving the middle market. The community – run by 2Life Opus, an affiliate of 2 Life Communities – will be a 174-unit […]
Kaiser Permanente on Wednesday announced it is acquiring Geisinger and folding it into a new entity, Risant Health, in a deal that could have wider implications for how care is delivered in senior living communities. With the deal, the terms of which were not disclosed Wednesday, Danville, Pennsylvania-based Geisinger will keep its name and mission […]
Financings CBRE Arragned $23M Financing for Community CBRE National Senior Housing announced it arranged a 10-year bridge loan wroth $23.3 million for a senior living community in Seattle. The community – developed and owned by Capital Seniors Housing – is a 93-unit assisted living and memory care community that was originally a children’s hospital built […]
Sales Atlas Senior Living Acquires Community in Mississippi Atlas Senior Living has acquired The Claiborne at Adelaide, a senior living community in Starkville, Mississippi. The community offers independent living, assisted living, and memory care services with a focus on providing personalized care and services. With the deal, the senior living operator’s footprint in has expanded […]
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