Sonida Senior Living (NYSE: SNDA) is planning to acquire an eight-property senior living portfolio in Florida and South Carolina for $103 million. The acquisition, announced in a press release Thursday, includes properties “located in attractive submarkets” and adds to the company’s footprint in Florida and South Carolina. The portfolio in total spans 555 units, offering […]
Category: Acquisitions
National Church Residences has acquired an affordable senior housing highrise in Atlanta, expanding its portfolio in the metro area. On Thursday the organization announced it had acquired from the Episcopal Cathedral of St. Philip a 99-year ground lease interest on a community formerly known as Cathedral Towers. The 14-story apartment building was built in 1979 […]
LifeLoop has acquired engagement platform Linked Senior, bringing together the two services under one banner. Paige Mantel, chief marketing officer at LifeLoop, said both companies are largely complementary and have a shared philosophy of improving the senior living resident experience using technology. Under the acquisition, Linked Senior Founder and CEO Charles de Vilmorin and Linked […]
Welltower (NYSE: WELL) is seeking additional capital with which to pay down loans and invest in new senior housing assets. The Toledo, Ohio-based real estate investment trust (REIT) on Monday announced that its operating company, known as “Welltower OP,” has launched a new $750 million private placement offering. The initial purchasers also have an option […]
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 […]
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 […]
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