Senior Housing Investments & Transactions: Civitas, CareTrust REIT

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 operator who leases six other facilities owned by Summit. The […]

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 led by Bank of Texas, an affiliate of BOK Financial […]

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 since 2012 and the second-largest stand-alone senior care property sale […]

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 connection with the transaction, CareTrust entered into a new tenant […]

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 is currently leased to affiliates of California-based Covenant Care, LLC. […]

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 Seattle’s greater metropolitan area, totaling 368 units with approximately 354,083 […]

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, acquired the operations of five memory care and four assisted […]

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 skilled nursing operations in Texas. All facilities were previously operated […]

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 expects to grant the underwriters a 30-day option to buy […]