PACS Group (NYSE: PACS) has finalized its previously announced acquisition of more than four dozen communities from Prestige Care. The acquisition, announced earlier this year in May, adds 53 skilled nursing, assisted and independent living communities to the company’s holdings and expands its foothold to Alaska, Idaho, Montana, Oregon and Washington. Through the acquisition, PACS […]
Category: Acquisitions
Investment firm Harrison Street has acquired five senior living communities from Brightview Senior Living. The acquisition, announced Sept. 9, comprises 743 units spread out across Massachusetts, Maryland, New Jersey, Pennsylvania and Virginia. Harrison Street is acquiring the communities as part of a joint-venture agreement with Baltimore-based Brightview Senior Living. “We are very excited to be […]
Senior living developer, owner and operator Solinity has acquired a new community as part of a brand launch and growth strategy. The acquisition of St. Ives, a 36-apartment assisted living and memory care community in Johns Creek, Georgia, is the first community in the company’s new Hometown Living brand. It’s also the step in the […]
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 […]
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 […]
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