Chicago-based real estate investment trust Ventas Inc. (NYSE:VTR) is “looking hard” at hospital real estate as a new investment sector, CEO Debra Cafaro said in an interview with Crain’s Chicago Business. Public companies only own 10% of the $1 trillion, “highly fragmented” healthcare real estate market. Cafaro expects a continued transfer of properties from the […]
Category: Acquisitions
The Ensign Group, Inc. (Nasdaq:ENSG) announced Wednesday the acquisition of three skilled nursing facilities (SNF) in Texas. The facilities include San Marcos Rehabilitation and Healthcare Center, a 129-bed SNF in San Marcos; The Courtyard Rehabilitation and Healthcare Center, a 56-bed SNF in Victoria; and La Cila Rehabilitation and Healthcare Center, a 152-bed SNF also in […]
Kandu Capital, LLC and its operating company Bloom Senior Living announced on Monday the acquisition of two senior living communities in Bluffton and Hilton Head, S.C. for $7.2 million from Brookdale Senior Living. “These acquisitions follow our strategic approach of selectively acquiring and managing well-located, value-add communities that fit within our existing portfolio,” said Bradley Dubin, […]
Mainstreet Property Group announced today that the board of trustees of its affiliated REIT has approved the acquisition of 13 senior housing and care properties. HealthLease Properties Real Estate Investment Trust (TSX: HLP.UN) will acquire properties located in North Carolina, Pennsylvania and Virginia totaling 978 beds for an aggregate purchase price of $141.7 million. The […]
Capital Senior Living Buys Senior Care Property for $6.6 Million Capital Senior Living recently purchased an assisted living and memory care community in Elkhorn, Neb., for $6.6 million in a transaction handled by Senior Living Investment Brokerage. Marquis Place of Elkhorn, located in a suburb of Omaha, was built in 2002 with an addition completed […]
Senior housing transactions may have reached a fever pitch toward the end of last year as sellers tried to beat the capital gains tax increase, but more acquisitions are continuing to close in 2013 and industry executives say still more opportunities are in the pipeline. “The deal pipeline is quite robust,” said Jay Flaherty, chairman and […]
AdCare Property Holdings, LLC—a wholly owned subsidiary of AdCare Health Systems, Inc.—announced last week it has entered into an agreement with Avalon Health Care, LLC to acquire two skilled nursing facilities (SNF) for $28 million. The Nashville-based facilities that are being acquired include a 180-bed facility known as Bethany Health and Rehab, and a 240-bed […]
Cerulean Partners, LLC recently announced the $4.25 million acquisition of a 116-unit independent living community in Las Vegas, Nev. in a joint venture with Real Estate Special Opportunity Portfolio and Real Estate Portfolio Management, both California-based investment funds. The total deal cost was $5.2 million including cap-ex dollars and closing fees. Destinations at Eastern was […]
REIT Buys N.C. ALF for $9.7 Million in Sale-Leaseback Transaction with Meridian Meridian Senior Living recently sold an assisted living community to Cornerstone Core Properties REIT Inc., an investment fund of Irvine, Calif.-based Cornerstone Real Estate Funds, for $9.7 million in a sale-leaseback transaction, reports The Business Journal. Danby House is a 100-bed, 27,129-square-foot community […]
Senior living providers are expected to contribute to home healthcare M&A activity in 2013 as they seek ways to improve margins and expand services along the care continuum through strategic partnerships in response to healthcare reform efforts. Last year, home health and hospice industry deal volume rose 20.7% and the dollar volume of the deals […]
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