NHI Acquires Two ALFs for $9 Million in Sale/Leaseback Transaction

National Health Investors, Inc. (NYSE:NHI) recently acquired two assisted living communities for $9 million from Milestone Retirement Communities, LLC in a sale/leaseback transaction. The two properties have a total of 101 units and are located in Ontario, Ore. and Weiser, Ida.  Milestone will lease and continue to operate the communities. The lease has an initial […]

Senior Housing Acquisition and Investment Roundup (12/20/12)

With 2012 almost over and the new year—and new tax rates—approaching, there’s been a flurry of transaction activity, even though not all of the deals are closing before the end of the year and they’re not all fiscal-cliff related.  Marcus & Millichap Brokers Sale of Calif. SNF for $10 Million Marcus & Millichap recently brokered […]

REIT Adds Three Senior Care Properties to Portfolio for $24.4 Million

American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced the acquisition of a three-building portfolio of senior care facilities in Massachusetts by the REIT for $24.35 million. The Massachusetts portfolio is comprised of skilled nursing and assisted living facilities in Boston and Dalton, totaling 201 beds and approximately […]

LTC Properties to Acquire Six Juniper Communities for $94 Million

LTC Properties Inc. (NYSE:LTC) will acquire six properties from Juniper Communities, LLC for $94 million in a sale-leaseback transaction set to close before the end of the year. Juniper, a privately held company based in New Jersey, will continue to operate the communities under a lease with an initial 15-year term with two five-year renewal […]

Senior Housing Acquisition and Investment Roundup (12/18/12)

Holiday Retirement Acquires Tex. Senior Living Community Holiday Retirement recently announced the acquisition of Heritage Village, an independent living community in McAllen, Tex., from an undisclosed seller. The community was built in 1988 and has 120 units. Amenities include a full-service dining room, salon, exercise center, hot tub, heated outdoor swimming pool, ice cream parlor, […]

Sabra Acquires Michigan Senior Housing Portfolio for $49 Million

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently announced the acquisition of a nine-property portfolio of senior housing communities located in Michigan for $49 million. The sale/leaseback transaction includes a triple-net master lease agreement with affiliates of Retirement Living Management, featuring a 10-year initial term with two five-year renewal options. The lease provides for annual rent […]

Health Care REIT Sells 4 Fla. Properties for $33 Million

Health Care REIT (NYSE:HCN) recently sold four senior care communities in Volusia County, Fla., to Argent Properties 2012 LLC for a combined $33.3 million, reports The Daytona Beach News-Journal. White Plains, N.Y.-based Argent Properties acquired the four properties under different limited liability company names, property records show. The properties are: Oakwood Garden of DeLand, a […]

Sunrise CEO Earns $16.8 Million Compensation for Turnaround Success

Sunrise Senior Living (NYSE:SRZ) CEO Mark Ordan might not get an official “Turnaround Artist of the Year” award, but he will be getting a hefty, nearly $16.8 million compensation package following the completion of the company’s acquisition by Health Care REIT (NYSE:HCN).  His work as the company’s top executive isn’t quite done, as the deal […]

Aviv REIT Buys Four-Property Senior Living Portfolio for $14.1 million

Four assisted living communities under the Hampton Manor brand and operated by Concordis Senior Living were recently sold for $14.1 million to Aviv REIT, announced Senior Living Investment Brokerage. The communities are Hampton Manor West, Hampton Manor Gardens, Hampton Manor North, and Hampton Manor Ormond Beach, sold for what equates to a price per unit […]