American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
Focus Healthcare Partners
The housing market crash along with the worst economic downturn since the Great Depression has reshaped the way continuing care retirement communities (CCRC) are conceived, developed and operated. While the downturn proved too much for some projects to handle, the market has largely performed well over time, those active in the market say. “The challenged […]
For private equity investors interested in entering the senior housing space, it’s all about the operator, agreed a panel on tapping into private equity during NIC’s 2013 Regional Conference held March 5-7 in San Diego. While criteria in real estate often hinges on “location, location, location,” in senior housing, it’s more like “operator, operator, location,” said […]
With more defaults expected in the continuing care retirement community (CCRC) space among those financed with tax-exempt bond financing that opened around the time of the economic downturn, private equity investors are being presented with opportunities that could yield substantial returns. “There will be billions of dollars of defaults in that space in the next […]
REIT Buys N.C. ALF for $9.7 Million in Sale-Leaseback Transaction with Meridian Meridian Senior Living recently sold an assisted living community to Cornerstone Core Properties REIT Inc., an investment fund of Irvine, Calif.-based Cornerstone Real Estate Funds, for $9.7 million in a sale-leaseback transaction, reports The Business Journal. Danby House is a 100-bed, 27,129-square-foot community […]
[Correction: This article previously incorrectly listed Capital Seniors Housing as the buyer. It has been updated to list Capitol Seniors Housing as the buyer. We apologize for the error.] Capitol Seniors Housing recently acquired St. Joseph’s Assisted Living and Memory Care community in Jupiter, Fla., in a $28.5 million transaction with joint venture partner Harvard Management […]
Here’s a collection of some smaller senior housing and care acquisitions that were announced in the past couple of weeks: AdCare Acquires Ark. Senior Care Facility for $6.3 Million Long-term care provider AdCare Health Systems, Inc. (NYSE:ADK) has signed a purchase agreement to acquire a Little Rock, Arkansas-area skilled nursing facility for $6.3 million. AdCare […]
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