Transactions New York CCRC approved for sale Harborside, a continuing care retirement community in New York, has been approved for sale by a bankruptcy judge. Court documents state the community has been acquired by Focus Healthcare Partners LLC. The documents state the community was acquired for a total of $82 million. Curt Schaller, co-founder and […]
Evans Senior Investments
Transactions Ascent Living Communities acquires memory care community Ascent Living Communities added High Plains Crossing to its portfolio. Following the acquisition, Ascent’s portfolio now comprises more than 750 senior living units providing independent living, assisted living and memory care options. According to a press release, Ascent will implement its highly focused and proven “Touchpoints Memory […]
Transactions Welltower acquires two communities for $42.7M Welltower announced it has acquired Heartis Bucks County in Warminster and Heartis Yardley, both in Philadelphia, for a combined $42.7 million. According to reporting from the Philadelphia Business Journal, both communities have been leased to Legend Senior Living. Legend now operates 62 communities. ESI arranges sale of South […]
Transactions The Ensign Group acquires Nebraska campus The Ensign Group announced on Oct. 2 that it acquired St. Joseph Rehabilitation and Care Center and Skyview Villa Assisted Living. According to a press release, both communities are in Norfolk, Nebraska. The acquisition brings Ensign’s portfolio to 324 healthcare operations, 30 of which also include senior living […]
Transactions Ballard Spahr, Lane Powell combine Firms Ballard Spahr and Lane Powell agreed to a combination effective Jan. 1, 2025. According to a press release, the combined firm will be called Ballard Spahr and have more than 750 attorneys in 18 states. The combination allows Ballard Spahr to expand its footprint into the Pacific Northwest, […]
Financings CBRE refinances for joint venture CBRE National Senior Housing announced it arranged a refinancing for Outlook Gwinnett on behalf of a joint venture between Capitol Seniors Housing and Bain Capital Real Estate. According to a press release, the loan originated from a debt fund and allows the community to “complete lease-up in a dynamic […]
Management LCS expands partnership with Longview Senior Housing Life Care Services announced on Aug. 1 that it has expanded its partnership with Longview Senior Housing after being selected as the management partner for three more Longview properties. According to a press release, the communities include The Emerson at St. Peters, Bellingham at West Chester and […]
The runway for distressed senior living properties is getting shorter. Some operators have seen a slow march toward pre-pandemic occupancy gains and as well as to greater margins in 2022. Others have faced stalling or declining occupancy and revenue, coupled with strong headwinds from increased labor and operating expenses. Banks and lenders gave operators a […]
Sales ESI Arranges Sale of Colorado Community Evans Senior Investments announced it has successfully arranged the sale of The Kipling Meadows in Aurora, Colorado. Kipling Meadows is a 120-unit independent living community that averaged 86% occupancy in the three months prior to the sale and was producing cash flow. ESI, which represented the seller, a […]
Discovery Senior Living and White Oak Healthcare REIT have acquired a 10-building portfolio, which will be operated by Discovery as part of the provider’s strategy of expanding through the creation of largely independent regional management companies. The sale, coming in at more than $100 million, includes communities in Louisiana, Mississippi and South Carolina and contains […]
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