Acts Retirement Services and Willow Valley Communities have forged a strategic alliance, aligning two of the largest nonprofit senior living and care organizations in the United States. Acts, headquartered near Philadelphia, ranked as the third-largest multi-site senior living nonprofit on the 2021 LeadingAge/Ziegler 200, with more than 9,500 units across a portfolio of 26 life […]
Diversicare Healthcare Services
United Church Homes and Services has a new name. The Newton, NC-based nonprofit provider is rebranding as EveryAge, in conjunction with the organization’s 50th anniversary. “While our name is changing, our mission and vision remain steadfast,” EveryAge President and CEO Lee Syria said in a statement. “EveryAge is committed to enriching lives by providing the […]
Pricing senior housing properties is more of an art than a science—and today’s prospective buyers weigh different components in wide variety of ways. That’s according to a panel of experts who spoke Friday at the National Investment Center for Seniors Housing & Care (NIC) Spring Investment Forum in Dallas. “There’s a wider disparity in the […]
Diversicare to Operate 22 Facilities Diversicare Healthcare Services, Inc. (Nasdaq: DVCR), a long-term care services provider to patients in 54 skilled nursing and senior housing centers, has entered into an agreement to assume the operations of 22 facilities from Golden Living, totaling approximately 2,600 skilled nursing beds. The facilities are located in Alabama and Mississippi, and […]
Welltower Buys Florida Senior Living Community for $79 Million Welltower (NYSE: HCN) acquired the 325-unit Aston Gardens senior living community in Parkland, Florida, for $78.62 million, or $241,908 per unit. AG Parkland Senior Housing I LLC, an affiliate of Boca Raton, Florida-based Kayne Anderson Real Estate Advisors, sold the retirement community to the Toledo, Ohio-based REIT. The […]
Aviv REIT Announces $5 Million Skilled Nursing Acquisition Aviv REIT, Inc. (NYSE: AVIV) announced recently it acquired a skilled nursing facility in Greenville, Ky., for $4.6 million. The property is triple-net leased to existing Aviv operator Diversicare at an initial cash yield of 10%, for a term of 14 years. Diversicare operates 52 facilities in […]
Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected […]
Care Investment Trust Closes Acquisition of 2 Senior Housing Assets Care Investment Trust LLC, a subsidiary of Tiptree Financial Inc. (NASDAQ:TIPT) that focuses on senior housing real estate investment, and privately-held senior housing owner and operator Premier Senior Living, L.L.C., recently announced the closing of a previously announced acquisition of two senior housing facilities located in […]
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