Construction: Planned Senior Community Planning Addition, Iowa Located in Marshalltown, Iowa, Glenwood Place is planning for a $3.5 million addition to its independent living and assisted living apartments. The addition will add eight independent living apartments and 12 assisted living apartments to the community. Glenwood Place already has two bedroom independent living townhomes, assisted living apartments […]
Chicago-based Ventas Inc. (NYSE: VTR) is providing secured debt financing of $700 million to a subsidiary of Ardent Health Services in connection with its acquisition of LHP Hospital Group, Inc. Ardent is the hospital tenant of real estate investment trust (REIT) Ventas. The deal underscores Ventas’ portfolio repositioning in the last few years and the vision […]
HFF secures $41.5 Million Financing for Seniors Housing Portfolio in Sacramento, CaliforniaHolliday Fenoglio Fowler, L.P. (HFF) recently announced that it has secured financing worth $41.547 million for a three-property seniors housing portfolio in Sacramento, California. HFF worked on behalf of an affiliate of Harbert Management Corporation (HMC)—Harbert Seniors Housing Fund I, LP—to secure the seven-year, floating-rate […]
Construction: Planned Senior Community Planned in Hanover Park, Ill. A master-planned community for adults ages 55 and over is planned in Hanover Park, Ill. Verandah will have independent living, assisted living and memory care components. There will be two-story townhomes, single-level villas and condos available for sale. The $40 million community will include amenities such […]
Merrill Gardens retirement communities has acquired the real estate of four West Coast properties as part of a joint venture for $145 million. The recently completed properties were already operated by Seattle-based Merrill Gardens and were financed by Cushman & Wakefield. The properties—Merrill Gardens of Huntington Beach, Merrill Gardens at Lafayette, Merrill Gardens at Campbell […]
Silverado Assumes Management of Welltower-Owned Community As part of Welltower Inc.’s (NYSE: HCN) $1.15 billion acquisition on the West Coast, Silverado assumed management and daily operations at The Berkshire-Vintage Senior Living Community on Sept. 16. The community has been renamed Silverado Berkeley. Over the next several months, the community will gradually shift from an assisted living […]
This coverage of the 2016 National Investment Center for Seniors Housing & Care Fall Conference is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which draws […]
(Rendering of OPAL by element, located in Vancouver, British Columbia — Photo courtesy of Element Lifestyle Retirement Inc.) Construction: Planned Permits Finalized on $97.4M Senior Community in Canada Located in Vancouver, British Columbia, Element Lifestyle Retirement Inc. has announced its final approval for a $97.4 million project, OPAL by element. The community will be Element’s […]
Just several months following a successful IPO in Canada, Mainstreet Health Investments (TSX: HLP.U) is continuing to execute on its acquisition pipeline by bringing $152 million of new senior housing investments into its portfolio. At the same time, the company announced it is internalizing its management—in other words, bringing the management outside of the private […]
Ventas Completes Acquisition of $1.5 Billion Life Sciences Portfolio Health care real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) completed its previously announced acquisition of a $1.5 billion portfolio of Wexford Science & Technology, LLC life sciences buildings. Ventas acquired the properties from affiliates of Blackstone Real Estate Partners VIII L.P., completed Sept. 1. […]
