On Feb. 3, Health Care REIT, Inc., (NYSE:HCN) closed its acquisition of a Belmont Village assisted living facility located in San Diego, Calif., for a purchase prices of approximately $67.5 million. The 176,379-square-foot building was purchased from Belmont Village Sabre Springs LP, and follows the Ohio-based Health Care REIT’s November acquisition of another California assisted […]
Category: Assisted Living
The Ensign Group, Inc. (Nasdaq:ENSG) announced on Feb. 3 that it acquired an assisted living facility located in Reno, Nevada, effective Wednesday, Feb. 1, 2012. Park Place Assisted Living is a 60-unit facility that has an occupancy rate of approximately 45% at time of acquisition. Ensign expects it to be operationally accretive to earnings in […]
Most salaries for those working in assisted living facilities rose from 2010 to 2011, and did so universally for those with management positions, according to the 14th annual Assisted Living Salary & Benefits Report, published recently by the Hospital & Healthcare Compensation Service (HCS). The national average salary of an assisted living facility’s director of marketing […]
Senior Living Investment Brokerage, Inc., based in Glen Ellyn, Ill., announced on Feb. 3 that it recently brokered the sale of 13 senior living properties across nine states. The total value of the nine transactions was $55,436,000. “Due in large part to the historic lows in interest rates and improved access to financing, acquisition activity […]
CLW Health Care Services Group recently represented a national healthcare REIT in the sale of Brantleys Assisted Living, located in Milledgeville, Ga. The 40-unit senior housing community was built in 1987, with additions in 1989 and 1993. It is licensed for 48 beds. Senior Living Management Corporation, a senior housing operator and developer with communities […]
The Department of Health and Human Services recently drafted a plan to address the nation’s growing Alzheimer’s problem, but its framework fails to fully acknowledge the role of assisted living in caring for those with the disease, the Assisted Living Federation of America (ALFA) recently pointed out. In response, ALFA is campaigning that assisted living’s […]
Chelsea Senior Living, LLC, an assisted and independent living community operator with communities located in New Jersey, Pennsylvania, and New York, recently expanded its Northeastern presence with a New Jersey acquisition. The operator acquired senior residence Van Dyk at Bald Eagle Commons for an undisclosed sum, and has since renamed the community the Chelsea at […]
Assisted living laws in Florida could go from one side of the spectrum to the other in the wake of the Miami Herald’s series on elder abuse that occurred in many state facilities, with little or no ramifications. Now, Florida lawmakers are looking to shift the state’s caretaker oversight from negligent to possibly the toughest […]
Healthcare Transactions Group, Inc., based in Baltimore, Md., announced that it closed the sale of an Illinois long-term care facility portfolio on Dec. 30, 2011. The portfolio includes eight skilled nursing facilities and one assisted living facility, located mainly in the greater Chicagoland area and in Central Illinois, for a total of 1,540 beds. The […]
When various types of buildings end up vacant and in disuse, sometimes the next logical step is to repurpose them for senior housing, especially as the nation’s senior demographic grows at a rapid pace. Old hospitals, hotels, and schools are probably the three most common types of buildings that can be converted into an assisted […]
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