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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 […]

Ensign Group Acquires California SNF and Assisted Living Facility

Last week, The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, hospice care and assisted living companies, announced the acquisition of The Lexington, a 125-bed assisted living facility in Ventura, California, and Victoria Care Center, a 188-bed skilled nursing facility that has been operated by […]

Ventas to Purchase Nationwide Health Properties For $5.8 Billion

Ventas Inc. announced Monday morning that it will be purchasing Nationwide Health Properties Inc. (NHP) in a $7.4-billion stock deal that will create the nation’s largest health care real estate investment trust (REIT).  The combined entity will have more than 1,300 properties in 47 states, the District of Columbia and two Canadian provinces with 643 […]

Health Care REIT to Acquire Genesis HealthCare Real Estate Assets for $2.4 Billion

Health Care REIT, Inc. (NYSE:HCN) announced Monday that it has signed a definitive agreement to acquire substantially all of the real estate assets of privately-owned Genesis HealthCare (Genesis)for $2.4 billion.  Genesis will continue to operate the facilities under a long-term triple-net master lease where the first year rent will provide for $198 million with an […]