Summit Acquires Assisted Living and Memory Care Community for $13 Million Summit Healthcare REIT, Inc. announced that it acquired a 90-bed assisted living and memory care facility in Chandler, Arizona, for $13.4 million. The community will be leased to Compass Senior Living, a Eugene, Oregon-based Read More »
Senior Housing Investments & Transactions: CareTrust REIT, NHI
Texas Investors Buy $185 million SNF Portfolio Dallas businessmen Chuck Putnam and Donald Kivowitz have purchased a portfolio of 10 skilled nursing facilities (SNFs) in Maryland and Pennsylvania for $185 million. The portfolio includes approximately 1,297 beds total. The transaction was financed by a syndication Read More »
Senior Housing Investments & Transactions: IPA’s $1.06 Billion Year
IPA Closes $1.06 Billion in Transactions In 2016, IPA National Seniors Housing Group closed $1.06 billion in transactions. The total includes 29 transactions in 19 states. Highlights of the year include the completion of the largest privately held majority SNF portfolio sale on record nationally Read More »
Senior Housing Investments & Transactions: CareTrust REIT Acquires Texas Portfolio
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 Read More »
Senior Housing Investments & Transactions: NorthStar Realty to Sell $3 Billion in Assets
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 Read More »
Senior Housing Investments & Transactions: SLIB Closes $78 Million Portfolio
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 Read More »
Premier Tees Up $100 Million Acquisition Allocation
An assisted living and memory care operator has branched into the Midwest with the acquisition of a Michigan portfolio and has plans to continue growing, with up to $100 million allocated over the next year or so. Premier Senior Living, a privately-held New York-based company, Read More »
Senior Housing Investments & Transactions: Ensign Group Completes 18-SNF Acquisition
Ensign Group Completes Acquisition of Legend Healthcare The parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, The Ensign Group, Inc. (NASDAQ: ENSG), has completed its previously announced acquisition of 18 Read More »
Senior Housing Investments & Transactions: Ventas and Kindred’s LTAC Agreement
Kindred to Sell 12 LTAC Hospitals in Agreement with Ventas Kindred Healthcare, Inc. (NYSE: KND) has entered into a definitive agreement to sell 12 long-term acute care (LTAC) hospitals to Curahealth, LLC, an affiliate of a private investment fund sponsored by Nautic Partners, LLC, for Read More »
Senior Housing Finance Activity: CareTrust, Ziegler
CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock CareTrust REIT, Inc. (Nasdaq: CTRE) announced that, subject to market and other conditions, it plans to offer to sell 7.5 million shares of its common stock in an underwritten public offering. The company also Read More »