Transactions & Financings: Ensign Group’s Campus Acquisition; LTC Transitions Thrive Communities

The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]

Silverstone Partners with Watermark Retirement on D.C. Development Push

A Dallas-based senior housing owner and developer known for high-end properties is expanding in the Washington, D.C., area, with a plan to tap Watermark Retirement Communities as its newest operator. The developer — Silverstone Senior Living — also has ownership ties to noted wellness brand Canyon Ranch, which itself recently announced an intention to enter […]

Ventas Acquires 85% Stake in $1.8 Billion Canadian Senior Housing Portfolio

Ventas (NYSE: VTR) has agreed to acquire a Canadian senior housing portfolio of 31 existing properties and four in development through an 85%/15% equity partnership with Le Groupe Maurice (LGM). The total portfolio, including the in-progress developments, is valued at $1.8 billion. Ventas’ investment will equal 85% of the total portfolio valuation, as well as […]

Solinity, Paran Homes Venture Will Develop Middle-Market Senior Living in Southeast

The Southeast is emerging as a hotbed for middle-market senior housing development. Knoxville, Tennessee-based senior living owner-operator Solinity formed a partnership with Paran Homes to develop, own and operate senior housing aimed squarely for the middle market, Solinity CEO Josh Crisp told Senior Housing News. Duluth, Georgia-based Paran Homes is a residential specialist with 19 […]

Health System Collaboration In the Works as Solera Senior Living Expands

Solera Senior Living is embarking on a growth pipeline that includes several new developments and a potential collaboration with a national health care system. Currently, the Denver-based senior living company has two properties open, in Florida and Arizona, with another slated to open in Denver in  January 2020. Solera also has five developments on the […]

Pegasus Senior Living Expands Portfolio With Omega Communities Partnership

Pegasus Senior Living has agreed to manage four properties developed by Omega Communities, expanding its portfolio for the first time since taking over operations for 36 former Brookdale Senior Living (NYSE: BKD) buildings last year. Birmingham, Alabama-based Omega is a for-profit company that develops senior living communities in affinity relationships with churches. The four properties […]

Transactions & Financings: Welltower’s Downtown Denver Acquisition; HCP’s Credit Facility Increased

HCP Closes on Upsized $2.5B Credit Facility, New $250M Loan Facility Irvine, California-based health care real estate investment trust HCP (NYSE: HCP) closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility and a new $250 million unsecured term loan facility.The amendment and restatement extended the maturity date of the unsecured revolving […]