American Healthcare REIT III Completes $350 Million in Acquisitions in Q1 American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced recently that the real estate investment trust (REIT) completed the acquisition of 18 health care properties in 11 states, as well as a collateralized debt instrument, for an […]
Evans Senior Investments
Texas Senior Living Communities Acquired for $79 Million Evergreen Senior Living Properties, LLC and management affiliate ESLP Management, LLC, recently announced the acquisition of four senior living communities in Texas from Sears Methodist Retirement System in a $79 million transaction. The purchase includes The Craig in Amarillo, Meadow Lake in Tyler, The Parks in Odessa, […]
It’s no secret that 2014 was an eventful year for senior housing. Brookdale Senior Living made waves when it positioned itself as an industry giant following its merger with Emeritus Senior Living Corp., and that deal was just one example of the industry’s record-breaking merger and acquisition activity that generated headlines this year. And much […]
The recent sale of a Utah-based seniors housing community set a new benchmark in the state as both the greatest sale for a senior living community and highest per-unit price as well. “Evans Senior Investments showcased the property to a select group of buyers and procured a dozen letters of intent from both private REITs, public REITs, […]
In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: 3 Solutions to Age-Old Senior Housing Problems — The issue of “cost creep” and rising expenses, lead generation and occupancy levels are persistent challenges for senior living providers. However, there are unique ways of solving them, industry experts […]
While the existence of a senior housing bubble is still questionable, experts say the market is becoming different in two key ways: operators either own one or two facilities or are drastically and aggressively growing their portfolios. And the latter strategy is a must for senior living providers who want to remain in the industry […]
With a demographic boom ahead driving undeniable demand, the senior housing sector is attracting a slew of investors, an investment banking firm said during a webinar Thursday. There has been a shift among investors toward the real estate industry, specifically signaling a direct need of those trying to get into the senior housing space, said […]
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 […]
BMA Management Tapped to Operate 2 New Ill. Communities BMA Management has been picked to operate two senior living communities currently being developed in Illinois. Both will serve low-income seniors through the state’s Supportive Living Facility program. Goldblatts Senior Living Community is being developed in the historic Goldblatts Department Store building in Chicago’s Back of […]
Assisted living is expected to continue its domination of the senior housing investment and acquisition scene in 2014 following a year where the sector grabbed industry headlines for new construction volume and low cap rates. “For new development and newer, Class A product, assisted living and memory care are probably going to be the most […]
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