Transforming Age Acquires $138 Million Portfolio Transforming Age, formerly known as Presbyterian Retirement Communities Northwest, acquired an eight-property portfolio totaling more than 1,000 units for $138 million. The portfolio, located across the Twin Cities, was acquired from a joint venture between Des Moines, Iowa-based LCS and Chicago-based Harrison Street Real Estate. “Transforming Age saw the […]
Cushman & Wakefield
A Place for Mom Expands Network with OurParents Brand The nation’s largest senior living referral service A Place for Mom has added the OurParents brand to its portfolio of services. The partnership will extend the reach of A Place for Mom’s services, which traditionally have focused on major metropolitan markets. OurParents specializes in helping families […]
NHI Acquires $74 Million CCRC in Connecticut Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) acquired an entrance-fee continuing care returned community (CCRC) in North Branford, Connecticut, for $74 million. The CCRC will be leased to NHI’s current tenant, Senior Living Communities, based in Charlotte, North Carolina. The lease term is 13 […]
Welltower Names New Senior VP of Business Development Welltower Inc. (NYSE: HCN) promoted Justin Hill to senior vice president of business development. In the new role, Hill will focus on the growth and development of Welltower’s West Coast portfolio and manage the company’s new Beverly Hills, California, office. Hill began his time at Welltower in […]
HFF Closes Deals in Northeast and Miami Holiday Fenoglio Fowler, L.P. (HFF) has closed a $10.3 million sale of a 0.9-acre development site that will be developed into a high-rise seniors housing community. The site, which is located directly across from the Dadeland Mall in Miami’s Kendall neighborhood, was sold to Greystar, a fully integrated […]
IPA Closes Record Sale of 33 SNFs in Texas Institutional Property Advisors (IPA), a division of Marcus & Millichap that specializes in serving institutional and major private real estate investors, sold 33 skilled nursing facilities (SNFs) in South Central Texas. The transaction is the largest seniors housing sale on record in the state, according to […]
Chicago Housing Authority to Buy Presbyterian Homes Senior Apartments for $19 Million The Chicago Housing Authority (CHA) closed a $19 million deal to acquire three affordable housing apartment buildings for seniors in order to save dozens of senior residents from eviction, DNAinfo reported. The sale closed March 2. The apartments included 111 units, 71 of […]
Greystone Real Estate Advisors Closes $44.8 Million Indiana Portfolio Greystone Real Estate Advisors, the seniors housing and multifamily real estate services group of financial and private investment group Greystone, has closed the $44.75 million sale of a two-property seniors housing portfolio in Indiana. The properties were sold to an undisclosed private equity investment fund on […]
Capital Funding Group Closes 3 Bridge-to-HUD Loans For Skilled Nursing Facility Acquisitions Capital Funding Group, a full-service provider of comprehensive financing solutions for health care facilities across the country, announced the closing of three bridge-to-HUD loans for acquisitions in North Carolina, Texas and California. A $10.8 million bridge-to-HUD loan will finance the acquisition of Creekside […]
Capital Funding Group Closes 3 Bridge-to-HUD Loans Capital Funding Group, a health care commercial lender based in Baltimore, Maryland, has closed on three bridge-to-HUD loans: a $7.9 million loan for the acquisition of two skilled nursing facilities in Texas; a $13.8 million loan for the acquisition of two SNFs in New York; and an $18.9 […]