Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]
Cordia Senior Living
As developers seek to adapt offices, hotels, schools and commercial buildings into senior housing projects, one unlikely property type holds newfound appeal: former psychiatric hospitals. Across the U.S., a handful of senior living providers have opened or are building communities in mixed-use sites that once held asylums or similar institutions. Examples include Cordia at Grand […]
CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]
Construction: Planned LCB Senior Living Seeks Approval for New Hampshire Assisted Living Norwood, Massachusetts-based LCB Senior Living is proposing to develop an 84-unit assisted living and memory care community for Salem, New Hampshire, reports New Hampshire Union Leader. Project plans detail a three-story, 73,000-square-foot building across from the Ingram Senior Center on Sally Sweets Way. […]
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