Senior Housing Finance Activity: Ensign, CareTrust

The Ensign Group Announces $250 Million Revolving Credit Facility The Ensign Group, Inc. (Nasdaq: ENSG), which is based in Mission Viejo, California, announced that Ensign and its operating subsidiaries have boosted its revolving credit facility by $100 million to an aggregate of $250 million, $105 million of which was drawn as of Feb. 1. The credit […]

Senior Housing Investments & Transactions: CareTrust, LTC

CareTrust REIT Announces Two Acquisitions CareTrust REIT, Inc. (NASDAQ: CTRE) has acquired a portfolio of nine skilled nursing facilities in Iowa. CareTrust is a publicly-traded real estate investment trust (REIT) that focuses on the acquisition and leasing of seniors housing and health care-related properties. The portfolio includes 518 operating skilled nursing beds that will be […]

Senior Housing Investments & Transactions: Réseau Sélection, CareTrust REIT

Réseau Sélection Acquires Three Residences, Eyes New Markets Réseau Sélection, the largest private sector owner, operator, buyer and developer of retirement communities in Quebec, announced that it has acquired three prestige properties in the Greater Montreal area: the residences previously managed by Symphony in the West Island and in Nun’s Island, and the residence Vista […]

Owners, Operators Design Plays for $100 Billion Skilled Nursing Market

With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]

Senior Housing Investments & Transactions: CareTrust, CNL, HFF

CareTrust REIT Acquires 14-Property Skilled Nursing and Assisted Living Portfolio CareTrust REIT announced on Aug. 10 its pending acquisition of Ohio-based Liberty Nursing Centers, a $175 million, 14-property skilled nursing and assisted living portfolio to be funded through the proceeds of an equity offering. The Liberty portfolio includes 1,102 skilled nursing beds and 156 assisted […]

Senior Housing Investments & Transactions: NHI, CareTrust REIT

The Ensign Group Makes Moves Nationwide In separate announcements, The Ensign Group, Inc. (NASDAQ:ENSG) — the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies — acquired 10 skilled nursing and assisted living operations in Arizona, the operations and real estate of a skilled […]

Senior Housing Investments & Transactions: Capital Senior Living

American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]

Senior Housing Investments & Acquisitions: Summit Healthcare REIT, Oxton

The Ensign Group Acquires Colo. Post-Acute Care Campus  The Ensign Group, Inc. (Nasdaq:ENSG) acquired Riverwalk Post-Acute and Rehabilitation, a 60-bed skilled nursing operation; Rock Canyon Respiratory and Rehabilitation Center, an 81-bed skilled nursing operation with a subacute unit; and the Villas at Rock Canyon, a 17-bed independent living and assisted living operation. Each of these […]