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, […]
Evans Senior Investments
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 […]
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 […]
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 […]
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