Watermark Retirement Communities, Inc., an affiliate of The Freshwater Group, recently acquired and assumed management of a senior living community in Gresham, Ore. in a $39.45 million transaction. Courtyard Fountains has 252 residences, comprised of 44 assisted living units and 208 independent living units. Occupancy at time of closing was at 93%. Watermark will introduce […]
Category: Acquisitions
Juniper Communities recently announced the acquisition of two Lancaster, Pa.-area senior living campuses for $18.5 million from the Bricker Group. The two purpose-built communities were formerly known as Hearthstone Manor, but will be renamed Juniper Village at Lebanon and Juniper Village at Mount Joy. The Lebanon property includes two separately-licensed personal care homes. The communities […]
Arcapita ARCAB.UL, a Bahrain-based investment firm, announced on Monday it had sold its 80% interest in a joint venture controlling five senior care communities in London to Health Care REIT (NYSE:HCN), the firm recently announced. The remaining 20% interest is owned by Sunrise Senior Living (NYSE:SRZ), which is being acquired by Health Care REIT. Once […]
Holiday Retirement Acquires Tex. Independent Living Community Holiday Retirement recently announced the acquisition of Colonial Village, an independent living community in Longview, Tex., for an undisclosed amount. Colonial Village has 131 units and features a library, village church, cinema room, emergency call system, covenience store, and a beauty salon/barber shop. Under the Holiday Retirement operating […]
Capital Senior Living Corporation (NYSE:CSU) recently acquired its 100th and 101st communities in a $32.8 million transaction. The communities are located in Missouri and Ohio and offer independent living, assisted living, and memory care. At time of sale, they had an average occupancy rate of 91%. CSU is financing the acquisitions with about $24.6 million […]
Here’s a roundup of various senior housing and care investments and transactions made in 2012. Please note that the dates correspond with when each article was published on Senior Housing News, not when the deal was announced. ANNOUNCED IN DECEMBER NHC Buys 6 Senior Care Centers from NHI for $21 Million DECEMBER Dec. 31—Sunrise, Health […]
National HealthCare Corporation (NYSE MKT:NHC) recently acquired six skilled healthcare centers from National Health Investors (NYSE:NHI) for $21 million in a transaction that closed on Dec. 31, 2012. The senior care centers are located in Columbia, Knoxville, and Springfield, Tenn., Madisonville, Ky., and Rossville, Ga. and have been leased by NHC since 1991. The portfolio […]
Sunrise Senior Living (NYSE:SRZ) announced last Friday that its sale to Health Care REIT (NYSE:HCN) and spin-off sale of its management business is expected to close by January 9, 2013. In connection with the proposed merger and sale of Sunrise’s management business to affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), affiliates of Beecken […]
Capital Senior Living Corporation recently reached a significant milestone with the acquisition of its 100th senior living community and is in the process of completing the purchase of another one for a combined $32.8 million. The communities are in Missouri and Ohio and offer independent living, assisted living, and memory care with an average occupancy […]
Ventas, Inc. (NYSE:VTR) and its subsidiaries announced this week the acquisition of the remaining private equity interests in Atria, Inc. The transaction grants Ventas and Atria’s management team with 100% ownership in Atria, a senior living management company that currently manages a 118-property portfolio. In the transaction, Ventas acquired 100% of various private investment funds […]
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