Hospitality House Acquired for $3.6 Million Carlsbad, California-based Merrill Commercial Real Estate, Inc., a full-service real estate firm offering solutions in the senior housing space, recently closed the sale of Hospitality House senior community, with Menlo Management of Menlo Park, Calif., acquiring the property for $3.6 million, or $85,714 per unit, from an independent owner. Hospitality […]
CNL Lifestyle Properties
Senior Housing Properties Trust (NYSE: SNH) has closed on 37 of 38 senior living communities it acquired from CNL Lifestyle Properties Inc. for approximately $763 million, the real estate investment trust (REIT) announced Wednesday. SNH first announced the deal with CNL in December 2014. It is expected to total $790 million, once the last lease […]
Ide Management Group Sells Portfolio for $63 Million Ide Management Group has sold its portfolio of 19 communities located in Indiana and Iowa to a Midwest owner/operator for $63 million. The total portfolio included 1159 skilled nursing beds. Overall occupancy is 80% with approximately 12% Medicare and 10% private pay. A couple of the communities […]
LCB Senior Living Acquires Mass. Assisted Living Community for $9.9 Million LCB Senior Living, LLC acquired The Cedars Assisted Living community of Dartmouth, Mass., for $9.9 million on June 9. The community will be renamed The Residence at Cedar Dell, effective immediately. The Residence at Cedar Dell, a 63,000-square-foot community, will include 78 independent, assisted […]
CNL Lifestyle Properties Acquires Colo. Senior Housing Community Senior living real estate investment trust CNL Lifestyle Properties has acquired MorningStar at Dayton Place in Aurora, Colo., for approximately $29.9 million. The senior housing community will continue to be managed by its current operator, MorningStar Senior Living, which currently has 21 properties under management or development […]
CNL Lifestyle Properties, Inc., an Orlando-based real estate investment trust, recently acquired two senior living communities for approximately $45.85 million. The two independent living and assisted living properties will be operated by an affiliate of Radiant Senior Living, Inc. “Bozeman Lodge and Pioneer Village are both stabilized, newer assets which we believe are strong additions […]
NHI Acquires Assisted Living Community for $15.3 Million National Health Investors (NYSE:NHI) announced on Monday the $15.3 million acquisition of an assisted living community in Marysville, Ohio that will be leased to Emeritus Senior Living (NYSE:ESC). The Inn at Halcyon Village is a 76-unit assisted living and memory care community built in 2009. The lease […]
Real estate investment trust CNL Lifestyle Properties, Inc. recently acquired four Georgia senior housing communities for $79.8 million, bringing the REIT’s total number of senior housing properties to 56. CNL purchased the communities from affiliates of Solomon Holdings III Dogwood Four, LLC. The four communities are: Dogwood Forest of Alpharetta in Alpharetta, Ga., which was […]
In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]
CNL Lifestyle Properties, Inc., based in Orlando, Fla., plans to add four assisted living communities to its portfolio for $80 million, excluding closing costs. The REIT will acquire the Georgia properties in May from Solomon Holdings II Dogwood Four LLC. The deal is still subject to due diligence and includes Dogwood Forest communities in Alpharetta, […]