Welltower Gains Middle-Market Senior Housing Platform with Clover Management

In striking a joint venture with Clover Management, real estate investment trust Welltower (NYSE: WELL) has brought a quickly expanding middle-market independent living company into the fold. In a $343 million transaction announced in late July, Toledo, Ohio-based Welltower acquired a portfolio of 32 Clover communities, including four under development. “Welltower is delighted to add […]

Transactions & Financings: Blueprint, Phoenix Senior Living

Phoenix Senior Living Acquires Three Senior Living Communities Phoenix Senior Living recently assumed management of* three senior living communities in Atlanta, Georgia: Addington Place of Johns Creek, Addington Place of Alpharetta, and Manor on the Square. Phoenix officially began managing these communities on January 1. Consequently, Phoenix Senior Living now operates eight communities in the Southeast, […]

Senior Living Newcomer Bullish on Competitive Dallas Market

Despite bubbling concerns of overbuilding and increasing competition, a newcomer to the senior housing industry still sees a vast opportunity in the Dallas market for its first foray into the space. A robust local economy, underdeveloped pockets of land and a need-driven demand fueled by aging demographics are all signaling the green light for Dallas-based […]

Senior Housing Investments & Acquisitions: Aviv REIT, Carlyle Group, NHI

Aviv REIT Acquires Five SNFs for $42 Million Aviv REIT, Inc. (NYSE: AVIV) announced this week that it has acquired five post-acute and long-term care skilled nursing facilities (SNFs) located in Ohio and Arkansas in two separate transactions for $42.2 million. Four of the properties are triple-net leased to new Aviv operator Peregrine Health Services […]

Carlyle Group Raises $2.34 Billion for Investment

The Carlyle Group, a global alternative asset manager said it raised $2.34 billion for its sixth U.S. real estate fund, the Carlyle Realty Partners VI (CRP VI). The fund will make investments in the residential, hotel, senior living, retail and office sectors in major markets across the United States. “We are grateful for the confidence and […]