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 […]
Category: Acquisitions
Greensboro, N.C.-based Bell Partners Inc. has sold off the last two senior apartment properties in its portfolio to Capitol Seniors Housing for a combined $47.5 million. Alta Oakridge, in Raleigh, N.C., was built in 2009 and sold for $24.25 million. Alta Walk, in Durham, N.C., was built in 2008 and sold for $23.25 million. The […]
Lancaster Pollard Closes $107.4 Million of Loans in November Lancaster Pollard closed 16 senior living transactions for a total loan amount of $107.4 million. The 16 facilities, all located in the Midwest, contained a total of 1,239 skilled nursing beds and 416 assisted living units. All the financings used the FHA Sec. 232/223(f) to refinance […]
A senior housing community in Lake Barrington, Ill. was recently sold by a joint venture between Chicago-based Senior Lifestyle Corp. and Walton Street Capital LLC to Health Care REIT (NYSE:HCN) in a $81.7 million transaction, according to Crain’s Chicago Business. Lake Barrington Woods is a 192-unit property that provides both independent and assisted living. The […]
New York-based American Realty Capital Healthcare Trust recently acquired a 5-property portfolio of senior living communities in Georgia and Florida from Principal Senior Living Group for $85,750,000. The Alpharetta, Ga.-based seller, represented by Senior Capital Advisors, will continue to manage the properties under a 5-year management agreement. The 369-unit, 448-bed portfolio of independent living villas […]
Senior housing investment is on the rise with strong potential heading into 2013, according to new findings from a fourth quarter survey conducted by National Real Estate Investor and Senior Housing Investment Advisors. The survey of 164 respondents including 117 directly involved in seniors housing as brokers, lenders, developers, owners or operators. While total yearly portfolio […]
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently acquired five senior care properties in Texas and Minnesota in two transactions for a total of $40.2 million. The Texas portfolio consists of three skilled nursing facilities and one assisted living community. The other acquisition was for a skilled nursing facility in Minnesota. Sabra funded the transactions with […]
LCS recently entered a joint venture partnership with Chicago-based investment firm Harrison Street Real Estate Capital to acquire an equity position in nine senior living communities in the greater Minneapolis region of Minnesota. The market-rate rental communities have a total 1,166 residential units. Two of the properties are independent living communities, and the remaining seven […]
AdCare Property Holdings, LLC, a subsidiary of AdCare Health Systems, Inc., has agreed to purchase three Alabama senior care facilities for $9.5 million. AdCare will acquire Park Place Nursing & Rehabilitation Center located in Selma; Homewood of Selma; and Homewood of Greenville. In accordance with the agreement, AdCare Holdings deposited $250,000 into escrow, which […]
Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired a retirement community in Spotsylvania County, Va. for $16.3 million, according to Fredericksburg.com. Chancelor’s Village offers assisted living and independent living and was previously owned by an entity of Chicago-based private equity real estate investment firm Walton Street Capital, according to local property records. The Walton Street […]
Subscribe
Receive industry updates and breaking news from SHN