Aviv REIT Announces $94 Million Acquisition Aviv REIT, Inc. (NYSE:AVIV) announced it has acquired two assisted living facilities and one skilled nursing facility for $82 million, in addition to two parcels of land for $12.2 million. With the parcels of land, Aviv has gained the entitlements for construction of two new assisted living facilities and […]
Capital Senior Living
Capitol Seniors Housing Buys 97-Unit California Property Real estate services firm Cushman & Wakefield recently announced the sale of Fremont Hills, a 97-unit Class A assisted living and memory care community in Fremont, Calif. Capitol Seniors Housing purchased the property for an undisclosed amount and MBK Senior Living will manage it. Cushman & Wakefield arranged […]
While many for-profit and non-profit senior living organizations are branching out and offering a broader spectrum of care services to residents, one major provider says it’s going to stick to what it’s good at: senior housing. That’s not to say residents in Texas-based Capital Senior Living’s (NYSE:CSU) communities won’t have access to care services. “We choose […]
Capital Senior Living (NYSE:CSU) is looking to bounce back from a costly winter that adversely impacted operating results as it sets sight on $84 million of acquisitions planned for the second quarter. During the first quarter ended March 31, 2014, Capital Senior Living reported a net loss of $4.6 million, or $0.16 per share, as […]
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week. Biggest Losers in the Brookdale-Emeritus Deal: The Big 3 REITs—Following the news that Emeritus and Brookdale would merge, creating the largest senior housing entity in the nation, analysts expressed their ideas on why this may not bode so […]
In the past couple years, a Texas-based senior living provider has repositioned its portfolio’s focus from predominantly independent living to aging in place in a transformation that includes new risk and quality controls. Capital Senior Living (NYSE:CSU) has been converting hundreds of independent living units to assisted living and memory care, with plans to license […]
Senior housing buyers who missed out on the Brookdale/Emeritus opportunity could get a consolation prize in Capital Senior Living (NYSE:CSU), writes Bloomberg. Brookdale’s $1.4 billion acquisition of Emeritus is expected to successfully close this year, on the heels of Health Care REIT’s acquisition of Sunrise Senior Living and TPG’s purchase of Assisted Living Concepts. The […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Is Happy Hour the Key to Attracting Boomers into Senior Living?—A Forbes columnist looked into the appeal of assisted living and independent living communities that have liquor licenses, and posed the question of how necessary they […]
Capital Senior Living Corporation (NYSE:CSU), recently announced it has completed the acquisition of four senior living communities in two transactions for a total of about $64.9 million. Located in Indiana and South Carolina, the communities have an aggregate 388 units, consisting of 48 independent living units, 257 assisted living units, and 83 memory care units. […]
CNL Lifestyle Properties Acquires Colo. Senior Housing Community Senior living real estate investment trust CNL Lifestyle Properties has acquired MorningStar at Dayton Place in Aurora, Colo., for approximately $29.9 million. The senior housing community will continue to be managed by its current operator, MorningStar Senior Living, which currently has 21 properties under management or development […]