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 […]
CNL Healthcare Properties
CNL Healthcare Properties Names New Chief Financial Officer The board of directors of CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and health care facilities, has named Kevin R. Maddron as chief financial officer, treasurer and chief operating officer, effective May 1. He will also continue to serve as senior […]
Marcus & Millichap Announce $13.8 Million Sale of Ohio ALF Mark Myers, Joshua Jandris and Charles Hilding of Marcus & Millichap Institutional Property Advisors represented the seller in a transaction that closed recently, involving an 82-unit assisted living and memory care facility in Canton, Ohio. The Landing of Canton was sold by a private seller […]
Love Funding Secures $13.6M Refinancing For Calif. Affordable Senior Housing Love Funding closed a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, Calif. The financing was secured by Senior Director Artin Anvar of Love Funding’s Washington, D.C. office through the U.S. Department of Housing and […]
Following the success of a previous capital fundraising campaign that already raised just north of $1 billion, CNL Healthcare Properties is doubling down with plans to raise an additional $1 billion this year to acquire and develop senior housing and health care properties nationwide. The Orlando, Fla.-based non-traded real estate investment trust (REIT) last week […]
The Senior Housing News team would like to wish our readers a happy new year! We will be suspending our daily emails for the remainder of the week in observance of New Year’s Day, but will resume our normal schedule on Monday, Jan. 5. To help kick off the new year, we’ve launched a redesigned website that’s […]
Mather LifeWays Sells SNF to Symphony Post Acute Network Evanston, Illinois-based Mather LifeWays has completed the sale of its 142-bed skilled nursing facility, Mather Pavilion, to Symphony Post Acute Network for an undisclosed amount. The sale fulfills a strategic decision by Mather LifeWays to move away from operating freestanding nursing homes. It will not affect […]
Construction: Planned Smith/Packett to Bring $28 Million Project to South Carolina Senior housing developer Smith/Packett is believed to have a $28 million community planned for North Charleston, S.C., local The Summerville Journal Scene reports. The Crossings at Wescott Plantation will be a 182-unit community providing housing options for independent, assisted living and memory care. Project team […]
CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and health care facilities, announced recently that the anticipated completion date for its initial public offering (IPO) will be on or close to Jan. 30, 2015. As of June 30, 2014, CNL Healthcare Properties received approximately $758 million in gross offering proceeds. […]
Fundraising by nontraded real estate investment trusts (REITs) has tripled since 2009 — rapid growth that has led regulators in several states to push for restrictions on the industry, The Wall Street Journal reports. Previous reports indicated that nontraded REITs would play an integral role in shaping the senior housing merger and acquisition landscape this […]
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