Since its founding in 2002, Commonwealth Assisted Living has grown to become one of the major senior housing players in Virginia. The provider has expanded from three properties to 21 by pursuing an aggressive but carefully considered acquisition strategy, and has been successful in buying properties even as other small and midsize operators have been […]
For many years, senior housing real estate was viewed as a niche investment that appealed more to experienced real estate professionals and those who understood well the health care operations involved in such an investment type. But of late, Health Care REIT (NYSE: HCN), Ventas (NYSE: VTR), HCP (NYSE: HCP) and large institutional investors have brought […]
Construction: Planned Dominion Senior Living Plans Two Projects for Tenn. Knoxville, Tenn.-based Dominion Senior Living is planning two new assisted living and memory care projects for Bristol and Crossville. The company announced this week that it will soon begin construction on a 25,000 sq. ft., $5.25 million faith-based assisted living and memory care community at […]
Vermont ranks as the healthiest state for seniors in 2015 thanks in part to low intensive care unit (ICU) use and ready availability of home-delivered meals, new research shows. New Hampshire ranks second. Minnesota falls to third after being ranked first for two years in a row, while Hawaii and Utah round out the top […]
Omnicare Inc. (NYSE: OCR), the nation’s largest long-term care pharmacy provider, will be acquired by CVS Health Corp., Bloomberg News first reported Wednesday. The deal was confirmed early Thursday and will net an enterprise value for Omnicare of $12.7 billion, including $2.3 billion in debt. Omnicare has 13,000 employees at 160 locations in 47 states across the […]
The nation’s largest health care real estate investment trust (REIT) had humble beginnings in the 1970s. But since then, Health Care REIT (NYSE: HCN), a $40 billion company, has vastly expanded its reach, while periodically shifting strategies to keep up with the evolving senior care landscape. What started as a small company, named Health Care […]
Grandbridge Closes $17M Mortgage Loan for Wash. Senior Housing Community Grandbridge Real Estate Capital’s Atlanta-based Seniors Housing and Healthcare Finance team recently closed a $16,875,000 first mortgage loan secured by Courtyard Village, a 127-unit seniors housing community in Vancouver, Wash. Funding for the acquisition was provided through Grandbridge’s exclusive BB&T Real Estate Funding Structured loan […]
Sabra Health Care REIT, Inc. (Nasdaq: SBRA), an ongoing investor in health care properties, is ramping up its efforts in the senior housing space, buoyed by significant growth of its investment pipeline. That growth is in the order of more than doubling Sabra’s existing pipeline to about $1 billion in value compared to $350 to $400 […]
Construction: Planned Developers Plan Luxury Senior Living Complex for Hilton Head Island Bayshore Retirement Partners plans to build a five-stroy, luxury senior living community on South Carolina’s Hilton Head Island, reports The Island Packet. The building will include 126 one- and two-bedroom units, a library, dining facilities, a pool, a full-service bar and lounge, a […]
Greystone Real Estate Advisors Closes Sale of St. Louis Community Greystone, a real estate lending, investment and advisory company, recently announced its Real Estate Advisors group closed the sale of Brentmoor Retirement Community in St. Louis, Missouri. The property was acquired by Titan SenQuest Management, Inc. a wholly owned subsidiary of Titan Real Estate Investment […]
