ARA Sells Arizona Senior Housing Community for $25.6 Million

Atlanta-headquartered ARA recently announced the sale of Granite Gate, a 116-unit/129-bed community located in Prescott, Arizona for $25.6 million.  The four-story community consists of 91 independent and assisted living units, and 25 memory care units. Built in 1996 and last renovated in 2006, Granite Gate is located in the breathtaking Granite Dells of Prescott, Arizona. […]

AdCare Health Closes on $18 Million Georgia SNF Purchases

AdCare Health Systems, Inc. (NYSE Amex: ADK) announced the closing of a  previously announced acquisition of two skilled nursing facilities in Dublin and Marietta, Georgia, with the remaining third facility of this group located near Atlanta expected to close by end of May. The three facilities have an aggregate of 335 beds generating $16.4 million […]

Leisureworld Completes Acquisition of Luxury Retirement Residences

Leisureworld Senior Care Corporation (TSX:LW) completed the acquisition of two Royalton retirement residences in Kingston and Kanata, Ontario on Thursday. LW paid $89 million for the two facilities (294 suites total) after working capital adjustments and a holdback of $5.5 million to be held in escrow as an income guarantee to complement cash flow from […]

Bayside Acquires Bankrupt Developer’s Interest in 20 Affordable and Senior Housing Properties

Bayside Communities, LLC has acquired the general partner interests in 20 multi-family properties that were part of bankrupt A.F. Evans Development, Inc.’s affordable/senior housing portfolio. The portfolio includes 2,135 units located in California, Washington and Oregon.  In addition, Bayside said it will be acquiring general partner interests in another 12 properties from the A.F. Evans portfolio as […]

AEW Capital Acquires Independent and Assisted Living Property in Florida

Affiliates of Senior Lifestyle Corporation and AEW Capital Management, L.P. (AEW) announced the acquisition the Carlisle Palm Beach, an in independet and assisted living community in Florida. The acquisition is the sixth Florida based location it manages and one of 85 properties across the country. AEW acquired the property on behalf of AEW Senior Housing Investors, […]

SK3 Group to Acquire Northwood’s Village Assisted Living Development

SK3 Group (PINK SHEETS:SKTO) announced it has signed a definitive agreement to acquire Northwood’s Village Assisted Living, LLC of Tomahawk, Wisconsin for an undisclosed amount. The planned assisted living community will be housed in the building and grounds of the former Sacred Heart Hospital. The building and parking areas of the proposed Northwood’s Village campus […]

Leisureworld To Acquire Two Ontario Retirement Communities

Leisureworld Senior Care Corporation (TSX:LW) announced that it has agreed to acquire two luxury retirement residences for a total consideration of $94.8 million in Kingston and Kanata, Ontario. The two properties have a total of 294 suites and upon completion of the acquisition will rename the facilities to ‘The Royale’. The Royalton in Kanata, Ontario is […]

Health Care REIT Closes $2.4 Billion Genesis Acquisition

Health Care REIT, Inc. (NYSE:HCN) said it completed the $2.4 billion acquisition of substantially all of the real estate assets of privately-owned Genesis HealthCare (Genesis) on Monday. Previously announced at the end of February, the deal closed on April 1, 2011, and included the long-term, triple-net lease, and 147 post-acute, skilled nursing and assisted living facilities […]