Ventas Still Sees Potential for Large Scale Acquisitions

While Ventas (NYSE:VTR) hasn’t completed any major senior housing acquisitions to date in 2013, the market for growth through acquisitions remains very strong. The Chicago, Ill.-based real estate investment trust (REIT) says there are a variety of acquisition opportunities it’s looking at, from individual properties to regional players, and large portfolios. “The market is dynamic and there […]

Silverado to Acquire Three Communities from Troubled CRL Operator

Silverado Senior Living announced on Friday that it will acquire and assume management of three memory care communities currently managed by CRL Senior Living. The news follows an announcement made earlier last week that Chicago-based Senior Lifestyle Corp. would be assuming management of 11 other CRL communities. The announcement followed reporting by the Northwestern on […]

Senior Housing Investment & Acquisition Round-Up (5/19/13)

Senquest Senior Living Buys Ohio Community for $12 MIllion Senquest Senior Living, the senior housing business of Titan Real Estate Investment Group Inc., recently acquired an independent and assisted living property near Akron, Ohio for $12 million. Liberty Residence I and II have a total of 137 units which were 91% occupied at time of […]

Small Operators May Find 2013 Optimal Time for Senior Housing Exit

Consolidation in the senior housing sector remains the name of the game going forward in 2013 as the overall industry moves toward efficiency, according to a recent Seniors Housing Research Report, but construction levels are picking up as well. Small operators with only a couple assets that need significant technology upgrades may find the current […]

Brookdale Acquires Seven Chartwell Senior Living Communities for $81 Million

Brookdale Senior Living (NYSE: BKD) has agreed to acquire seven senior living communities from Ontario, Canada-based Chartwell Retirement Residences for a total purchase price of $80.9 million, the company announced today.  The communities comprise a total of 613 units including 80 independent living, 493 assisted living and 40 Alzheimer’s units. Brookdale has been managing six […]

Health Care REIT Investing in Revera’s $1.35 Billion Portfolio

Health Care REIT, Inc. (NYSE:HCN) announced on Wednesday it will be partnering with Revera Inc. to own 47 high-quality senior housing communities with approximately 5,000 units located in major Canadian metropolitan markets. Once the transaction closes, HCN will own a 75% interest in the approximately $1.35 billion portfolio, with Revera owning the remaining 25%. Revera […]

Virtus Real Estate Capital JV Buys Senior Living Property for $7.65 Millon

Virtus Real Estate Capital and American House Senior Living recently announced the acquisition of Sterling Woods, an independent living community in a Detroit suburb, for $7.65 million at a trailing 12-month cap rate of 8.5%. The property, known as American House Sterling Woods, is a 78-unit community consisting entirely of one- and two-bedroom apartments. The […]

CNL Healthcare Properties JV Buys 2 Senior Communities for $12.2 Million

CNL Healthcare Properties, an Orlando-based senior housing and healthcare real estate investment offering, recently announced the acquisition of two senior housing communities in Iowa for $12.16 million through a joint venture with GCI Development, LLC. Last fall, CNL Healthcare and GCI Development acquired three other Windsor Manor properties in another joint venture, bringing the portfolio […]

Senior Housing Acquisitions: Ensign, Avamere, Oxford Holdings

Ensign Acquires Three Senior Living & Care Communities The Ensign Group, Inc. (Nasdaq: ENSG) announced today that it has acquired three senior care properties—an assisted living community and two skilled nursing facilities. Cascade Plaza, a 90-unit assisted living community in Redmond, Washington and its sister facility Cascade Vista, 110-bed skilled nursing center will both be […]