Capital Senior Living Buys Mass. Assisted Living Community Cassidy Turley, a commercial real estate services provider, arranged the sale of a Massachusetts assisted living community to Capital Senior Living for an undisclosed purchase price. The community, Whitcomb House, located in Milford, Mass., includes three interconnected buildings containing 68 total units within 48,565-square-feet. Two of the […]
Evans Senior Investments
Senior housing merger and acquisition activity is starting to pick up heading into the fourth and final quarter of the year, and while the size of deals being done are smaller than in 2011, some brokers say transaction volume may outpace that of the previous two years. “Activity has really picked up in the last […]
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 […]
Regional senior housing operators with real estate investment trust (REIT) ties may be the best match for owners looking to exit the market, according to national brokerage firm Evans Senior Investments. Compared to other possible suitors such as a local operator, a national chain, a REIT, or a private equity firm, regional buyers often pay […]
Holiday Retirement Acquires Tex. Independent Living Community Holiday Retirement recently announced the acquisition of Colonial Village, an independent living community in Longview, Tex., for an undisclosed amount. Colonial Village has 131 units and features a library, village church, cinema room, emergency call system, covenience store, and a beauty salon/barber shop. Under the Holiday Retirement operating […]
Evans Senior Investments, headquartered in Chicago, Ill., recently announced the sale of a Colorado senior housing community for $28 million, or $225,000 per unit, to VTR Vistas Longmont LLC, which was formed by Chicago-based REIT Ventas, Inc. (NYSE:VTR). Built in 2009, The Vistas, located in Longmont, Colo., is a 124-unit independent and assisted living community […]
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