Aviv REIT, Inc. announced on Monday it had commenced an initial public offering of 13.2 million shares of its common stock, with an estimated price range between $18.00 and $20.00. Underwriters have the option to purchase up to an additional 1.98 million shares of common stock to cover over-allotments, if necessary. The REIT’s common stock has […]
Aviv REIT
Four assisted living communities under the Hampton Manor brand and operated by Concordis Senior Living were recently sold for $14.1 million to Aviv REIT, announced Senior Living Investment Brokerage. The communities are Hampton Manor West, Hampton Manor Gardens, Hampton Manor North, and Hampton Manor Ormond Beach, sold for what equates to a price per unit […]
Construction: Planned Senior Star to Expand Mo. Retirement Community Senior Star is breaking ground on an addition to its Kansas City, Mo.-located Wexford Place to add new living units and expand available services. The project includes the addition of 67 apartment homes as well as adding Alzheimer’s and dementia services with 24 memory care apartments. […]
Construction: Planned Delmar Gardens to Invest $33 Million Into Assisted Living Conversion Delmar Gardens Enterprises is planning to convert some of its independent living apartments into assisted living beds at five locations, according to papers filed with the Missouri Health Facilities Review Committee. The company proposes to invest about $33 million into expanding its existing […]
Chicago-based Aviv REIT recently acquired a post-acute and long-term care skilled nursing facility in Wisconsin for $7.6 million even as the company’s CEO is being sued by the family of the man who founded the nursing home investment trust. The newly-acquired property will be operated by NuCare Services Corporation under a triple-net lease with a […]
Trick or treat, Movers and Shakers. This installment is brought to you by those dental professionals who care for the residents in the senior housing communities we know and love… Got a sweet tooth for a new career? Look for senior housing jobs nationwide on SHN’s job board. Need more employees to eat all the […]
Private equity and public capital drive the majority of senior housing financing transactions, but because of the different asset types each “heavyweight” generally prefers, there’s room in the industry for both. It’s similar to comparing Oscar De La Hoya to George Foreman: Both were boxing champions in their respective weight classes, but you didn’t see […]
Here’s a collection of some smaller acquisitions and investments made in the past few days by senior healthcare providers and investors. Ensign Acquires Two California Senior Care Facilities The Ensign Group, Inc. (NASDAQ:ENSG) recently announced the acquisition of Atlantic Memorial Healthcare Center, a 104-bed skilled nursing facility, and Shoreline Healthcare Center, a 75-bed skilled nursing […]
The senior housing industry considers 2011 as the Year of the REIT, but despite this year’s sharp decline in acquisition activity, it could just be a digestion period functioning as a calm before the next storm, said executives from several healthcare real estate investment trusts during NIC’s National Conference. It’s possible many big players are […]
The international senior living scene is heating up, and developers and investors in other countries are making moves to prepare for the impending wave of baby boomers. Here are a few stories from around the globe, ranging from nearby Canada to India to New Zealand, along with a couple smaller, local deals by American senior […]
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