Construction: Announced Traditions Senior Living and Southern Group Announce New Tennessee Community Operator Traditions Senior Living and developer Southern Group have plans to open a new senior living community in Smyrna, Tennessee. As planned, the 111-unit senior housing community will offer independent living, assisted living and memory care services, according to a press release. Amenities will […]
Griffin-American Acquires Five-Building Portfolio Near St. Louis American Healthcare Investors and Griffin Capital Company, the co-sponsors of Griffin-American Healthcare REIT IV, acquired the five-building SW Illinois Senior Housing Portfolio in the St. Louis metro area. The property was purchased from A&M Property Holding, an unaffiliated third party represented by Jeff Binder and Patrick Byrne of Senior Living Investment […]
Real estate investment trust (REIT) National Health Investors (NYSE: NHI) has completed its previously announced conversion of a senior housing portfolio from a RIDEA structure to a triple net lease with its joint venture partner, an affiliate of Bickford Senior Living. The conversion comes at a time when senior housing REITs have reached all-time highs […]
This week on Senior Housing News, our readers learned about the unrealistic salary expectations of new senior living workers, as well as the nation’s largest homebuilder taking advantage of the senior housing opportunity. Otherwise, readers followed along with our coverage of second quarter earnings results, including Brookdale Senior Living’s (NYSE: BKD) targeted plan to improve […]
National Health Investors, Inc. (NYSE: NHI), a senior housing real estate investment trust (REIT), is converting a 32-property portfolio with Bickford Senior Living from a RIDEA structure to triple net lease, the company announced on Thursday ahead of the release of its 2nd quarter earnings results. Under the agreement, NHI will purchase Bickford’s 15% interest […]
NHI Exercises Purchase Option to Acquire Five Senior Living Communities Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) has exercised a purchase option to acquire five assisted living and memory care facilities owned and operated by Bickford Senior Living for the purchase price of $87.5 million. The facilities have a total of 277 […]
NHI Acquires Ohio Assisted Living and Memory Care Community for $21 Million National Health Investors (NYSE: NHI) announced on Aug. 3 that its NHI-Bickford Senior Living joint venture has acquired Fairfield Village, an assisted living and memory care community in Lancaster, Ohio, for $21 million in cash. The 92-unit Fairfield Village was built in 2006 […]
Construction: Planned Senior Lifestyle Corp. to Break Ground on New Fla. Community Chicago-based Senior Lifestyle Corporation announced last week it will break ground this spring on its newest community, The Sheridan at Cooper City, a 111-unit assisted living and memory care facility in Cooper City, Fla. The Sheridan at Cooper City will feature 72 assisted […]
Construction: Planned NHI, Bickford Senior Living Breaking Ground on Five New Projects National Health Investors, Inc. (NYSE: NHI) last week announced that its joint venture with Olathe, Kan.-based operator Bickford Senior Living will develop five senior housing communities in Illinois and Virginia. Each community will consist of 60 private-pay assisted living and memory care units […]
Construction: Planned Ryan Companies Plan Senior Living Community for Sioux Falls, SD Minneapolis-based developer Ryan Companies received approval from the Sioux Falls Planning Commission to build a 145-unit senior housing community near Lake Lorraine in Sioux Falls, South Dakota, reports local Keloland TV. Grand Living, as the project is dubbed in Ryan Companies’ plans, is […]
