Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]
Blueprint Healthcare Real Estate Advisors
CareTrust REIT Purchases Texas Portfolio for $96 Million CareTrust REIT (Nasdaq: CTRE), a senior housing and health care real estate investment trust (REIT), has acquired three skilled nursing facilities (SNFs) and one skilled nursing campus in the Dallas-Forth Worth area for approximately $95.9 million. In connection with the transaction, CareTrust entered into a new tenant […]
NHI Acquires $74 Million CCRC in Connecticut Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) acquired an entrance-fee continuing care returned community (CCRC) in North Branford, Connecticut, for $74 million. The CCRC will be leased to NHI’s current tenant, Senior Living Communities, based in Charlotte, North Carolina. The lease term is 13 […]
Silverado Assumes Management of Welltower-Owned Community As part of Welltower Inc.’s (NYSE: HCN) $1.15 billion acquisition on the West Coast, Silverado assumed management and daily operations at The Berkshire-Vintage Senior Living Community on Sept. 16. The community has been renamed Silverado Berkeley. Over the next several months, the community will gradually shift from an assisted living […]
Diversicare to Operate 22 Facilities Diversicare Healthcare Services, Inc. (Nasdaq: DVCR), a long-term care services provider to patients in 54 skilled nursing and senior housing centers, has entered into an agreement to assume the operations of 22 facilities from Golden Living, totaling approximately 2,600 skilled nursing beds. The facilities are located in Alabama and Mississippi, and […]
CareTrust REIT Buys $34.4 Million Portfolio in California CareTrust REIT, Inc. (Nasdaq: CTRE) acquired two senior housing communities and two skilled nursing facilities (SNFs) in California’s Central Valley for approximately $34.4 million. The portfolio includes 79 assisted living units and 293 skilled nursing beds. It is currently leased to affiliates of California-based Covenant Care, LLC. […]
SLIB Closes Sale of Four Washington Facilities for $78 Million Senior Living Investment Brokerage, Inc. (SLIB) has closed the sale of four Washington assisted living and independent living communities for a total of $78 million. The portfolio is a collection of four properties located in Seattle’s greater metropolitan area, totaling 368 units with approximately 354,083 […]
Sienna Senior Living Closes $255 Million Senior Housing Portfolio Acquisition Ontario-based Sienna Senior Living (TSX: SIA) has completed a previously announced acquisition of eight seniors housing residences in British Columbia for the purchase price of $255 million. The deal includes two private-pay independent living communities and six residences with both private pay and funded long […]
Sienna Senior Living Acquires British Columbia Assets for $255 Million Sienna Senior Living (TSX: SIA), one of Canada’s largest senior housing owners and long-term care providers, has entered into an agreement to acquire a seniors housing portfolio of assets in British Columbia (BC) for $255 million. As part of the deal, Sienna Senior Living also […]
New Senior Investment Group Appoints Chief Accounting Officer New Senior Investment Group (NYSE: SNR) appointed Bhairav Patel as the company’s chief accounting officer, effective March 30. Patel is a managing director in the private equity group of the company’s manager, FIG LLC, which is an affiliate of Fortress Investment Group LLC. Patel joined Fortress in […]
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