Health Care REIT Purchases Fort Collins, Colorado Senior Living Facility for $56.7 Million Health Care REIT (NYSE: HCN) on Aug. 31 purchased a senior living community in southeast Fort Collins, Colorado for $56.7 million. MacKenzie Place is a senior living community that offers independent living, assisted living and memory care that opened in 2008. It […]
Category: Finance & Development
Goldman Sachs naming Brookdale Senior Living (NYSE: BKD) as one of six top acquisition targets in the health care sector earlier this week has refueled conversation about the future of the major senior living provider. But the Goldman report left one big question unanswered—who might the buyer be? No potential buyers stand out from the […]
Civitas Senior Living, an assisted living and memory care operator based in Fort Worth, Texas, is expanding its scope of care with the opening of Civitas Post-Acute, a division that will manage skilled nursing and rehabilitation centers. Civitas specializes in development, acquisitions, operational management and consulting for senior housing properties. Civitas Post-Acute will begin its […]
(Rendering of Cascade Manor at night – Photo courtesy of Ankrom Moisan Architects) Construction: Planned Aldersgate CCRC in North Carolina to Undergo $70 Million Transformation Formerly known as The Methodist Home, non-profit continuing care retirement center (CCRC) Aldersgate is undergoing a campus-wide expansion that will transform the more than 70-year-old, 234-acre campus in Charlotte, N.C. […]
Goldman Sachs has listed Brookdale Senior Living (NYSE: BKD) as one of six companies deemed likely acquisition targets in the health care sector, in a report dated Monday. Brookdale was the lone senior housing provider named by Goldman analysts in their report. All have at least a “medium” probability of being involved in an M&A transaction, […]
(Rendering of Westminster of Dallas — Photo courtesy of Riverwood Retirement Management Inc.) Editor’s note: Senior Housing News will be observing the Labor Day holiday on Monday, September 7, but will return to our normal posting schedule Tuesday, September 8. In the meantime, everyone here at SHN would like to wish all of our readers […]
The new Cushman & Wakefield, an international commercial real estate services that operates in 60 countries, now is official. DTZ announced on Wednesday that its acquisition of Cushman & Wakefield has been completed. The combined organizations are now one of the world’s largest real estate services firms, with significant reach into the senior housing sector. […]
When it comes to the view from the C-Suite, senior living leaders inevitably see a mixed landscape. While they may take heart from favorable demographics and other large-scale trends, they also perceive threats to long-term success. One of these threats, in the estimation of some prominent executives, is the deep reluctance of seniors in the United […]
ROC Seniors Housing Fund Manager LLC is having a busy year. The Orlando-based company has already acquired more than $1 billion worth of senior housing and medical properties in the last month, and it shows no signs of slowing down its investment activity for the senior living space. The company has raised $737 million for […]
With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]
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