Senior housing and skilled nursing investor and asset manager Formation Capital recently partnered with global investment house Safanad to acquire one of the United States’ largest standalone skilled nursing portfolios for $750 million. The properties are located in East Coast states and are leased to a top-ten operator. The 68-property portfolio transaction represents the second […]
Formation Capital
In 2009, Alpharetta, Ga.-based Formation Development Group and Radnor, Pa.-based Shelbourne Healthcare Development Group and their respective capital arms formed a joint venture, called Formation-Shelbourne Senior Living Services. The partnership brought together a team of members with extensive background in the senior living industry, allowing former Sunrise Senior Living principals and EdenCare Senior Living executives […]
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