Health Care REIT Buys N.C. Retirement Community for $60 Million

Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired Magnolia Glen, a retirement community in Raleigh, N.C., for $59.96 million, reports the News & Observer.  The property was sold by Kisco Senior Living, based in Carlsbad, Calif. The community has independent living cottages and apartments and was built in 2002.  “The deal is further proof that […]

Real Estate Company Sells Majority of Senior Housing Properties for $230 Million

Gazit-Globe, a leading multi-national real estate company, announced last week that its private subsidiary, Royal Senior Care, LLC and its members have completed a transaction to sell the majority share of its wholly-owned senior housing communities. Gazit Senior Care, Inc., a private subsidiary fully-owned by Gazit-Globe, holds a 60% interest in Royal Senior Care, LLC, […]