Senior Living Investment Brokerage (SLIB) recently announced the sale of a portfolio of four assisted living facilities located in the Florida panhandle. The communities were all constructed in 1999 and have a total of 39 units in each community with additional land for expansion at each site. The purchaser is a joint venture between Nationwide […]
Category: Acquisitions
Brookdale Senior Living Inc. (NYSE: BKD) recently announced that it completed the acquisition of 12 communities in Oklahoma and Texas with a total of 421 units for an aggregate purchase price of $31.3 million. The communities had previously been operated by Brookdale under long-term leases. Brookdale also stated that it has entered into an agreement […]
Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that it has completed its previously announced purchase and sale agreement with a wholly owned subsidiary of CNL Lifestyle Properties and an affiliate of Arcapita, which was Sunrise’s joint venture (JV) partner in 29 Sunrise-managed communities. In the transaction, Arcapita sold its 90% interest in the JV […]
AdCare Health Systems, Inc. (NYSE Amex: ADK) announced the completion of its acquisition of Mountain Trace Nursing Center, a 106-bed nursing facility in Sylva, North Carolina for $6.1 million. The company expects the facility to generate an estimated $7.8 million in annualized revenues. AdCare plans to finance the acquisition of the facility using a bank […]
The Ensign Group, Inc. (Nasdaq: ENSG) announced this week that it has acquired Wisteria Place, a continuing care retirement community, and its sister facility Wisteria Independent Living, both located in Abilene, Texas as of January 1, 2011. Wisteria Place has a total 123 skilled nursing beds, 77 assisted living units and 20 independent living cottages […]
Capital Senior Living Corporation (NYSE:CSU) announced last week that one of its joint ventures in which it has a 5% interest has entered into an agreement to sell four senior living communities to Health Care REIT, Inc. (NYSE:HCN). The four communities, known as the Spring Meadows Communities, have approximately 625 units with a combined resident […]