Transactions & Financings: BHI, Covenant Living Acquire Troubled CCRCs

Senior Quality Lifestyles acquires Indiana CCRC for $61M Cushman & Wakefield arranged the $61 million sale of Barrington of Carmel, a 267-unit continuing care retirement community in the Indianapolis suburb of Carmel, Indiana. Cushman & Wakefield Senior Housing team of Allen McMurtry, David Kliewer and Paul Carr represented an affiliate of Addison, Texas-based Senior Quality […]

Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

In the Pipeline: Senior Housing Construction Projects (6/5/13)

Construction: Planned Mainstreet Property Group Plans 100-Bed “Health Care Resort” Mainstreet Property Group plans to build a new 100-bed “health care resort” on seven acres in Indianapolis, Indiana Business Journal reports. The $9.25 million community located at 5404 Georgetown Road, will encompass 65,000-square-feet and will also feature an Internet cafe, movie theaters and restaurant-style dining. […]