Watermark Retirement Communities, Inc. has assumed management of four senior living communities in Central Iowa, and has acquired two of them. The Tucson, Ariz.-based senior living community operator will now manage: The Village at Legacy Pointe in Waukee, Iowa, which has 185 beds comprised of 80 independent living units, 40 assisted living units, 48 skilled […]
Category: Acquisitions
Third-party management company Leisure Care has seen its operations portfolio grow 20% in the last year with the addition of Brighton Bay, recently acquired by The Carlyle Group. Since May 2011, Leisure Care has added eight communities to its management portfolio. Brighton Bay, a 185-unit senior living community located in Jacksonville, Fla., marks the company’s […]
The Ensign Group (NASDAQ:ENSG) saw its adjusted net income climb 9.8% to $14.56 million in the second quarter ended June 30, 2012, despite last October’s 11.1% reduction in Medicare payment rates to skilled nursing facilities and a change in therapy regulations making it more expensive to deliver physical and other types of therapy to skilled […]
Headed into the second half of 2012, Sabra Health Care REIT Inc. (NYSE:SBRA) is planning to turn its attentions to the senior housing market, said its chairman and CEO Rick Matros during REITWeek 2012: NAREIT’s Investor Forum. Sabra’s portfolio is currently dominated by skilled nursing assets, but it may start looking more diversified in the next few months. The […]
Holiday Retirement recently acquired Heritage Arms, a senior housing community located in Glenville, N.Y., for $5 million, reports The Business Review. Heritage Arms is a 95-unit independent living community formerly owned by the estate of Peter Polsinelli Sr., who listed the property with Prudential Blake Commercial in July of 2010 for $5.275 million. Mike Boehne […]
Real estate investment trust LTC Properties, Inc. (NYSE:LTC) announced on Wednesday the acquisition of two skilled nursing facilities located in Ohio for $54 million. The first property, located in Cincinnati, Ohio, was built in 2009. The second property, located in Dayton, Ohio, was built in 2010. The two facilities have a total of 288 licensed […]
Most agree that 2011 was the Year of the REIT, marked by blockbuster, million and billion dollar deals that changed the landscape of the senior housing and care industry. This year, 2012, hasn’t been quite so dramatic, and experts are calling it the Year of the Small Deal, writes the National Real Estate Investor. The […]
IntegraCare added three Pennsylvania senior living properties with a total of 225 beds to its portfolio in June for an undisclosed purchase price. The communities are located in Clearfield, Bedford, and Tyrone, all in Central Pennsylvania. They’re located nearby IntegraCare’s three existing properties in Central Pennsylvania; the company says the acquisition enhances its ability to […]
Gentiva Health Services, Inc. (NASDAQ:GTIV) announced on Thursday that it had acquired Advocate Hospice, located in Danville, Ind., for an undisclosed price. Advocate was founded in 2006 and is a leading provider of end-of-life care in its community. “The addition of Advocate Hospice to the Gentiva family enables us to expand our coverage in central […]
Toledo, Ohio-based Health Care REIT recently acquired a Florida assisted living and memory care community for $30 million in a sale-leaseback transaction, reports the Herald-Tribune. The REIT purchased the operation, the Windsor at Lakewood Ranch, from companies belonging to Timothy J. Buchanan and Stephen D. Russell. The acquisition includes two buildings, one that is 70,000 […]
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