After a whirlwind of acquisition activity in 2019, Invesque (TSX: IVQ U) is winding down the year with an eye on maximizing the value of its expanded senior housing portfolio in 2020 through improved operations, selective paring of assets, and holding options to consolidate most of its portfolio into master leases. The Toronto-based real estate […]
Greenfield Senior Living
Invesque (TSX: IVQ.U) is wasting no time in building up the $340 million Commonwealth Senior Living portfolio acquired in May. Invesque is transitioning the majority of its assets operated by Falls Church, Virginia-based Greenfield Senior Living to Commonwealth, the Toronto-based real estate investment trust (REIT) announced in its second quarter 2019 earnings report Wednesday. The […]
Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]
Windward Health Partners’ Portfolio Company Sells Texas ALF Tampa-based private investment and holding company Windward Health Partners recently announced that its portfolio company, RWS Healthcare, has sold The Arbor Assisted Living Facility in Nacogdoches, Texas. Prevarian Senior Living, a developer and operator of assisted living communities in Texas, Florida, Oklahoma and Arizona, purchased The Arbor for […]
A New York investment company plans to expand its growth platform in the senior housing sector, where it just recently secured a $30 million joint venture to own and operate three communities in the South and Mid-Atlantic regions. Earlier this month, Care Investment Trust, which is the senior housing arm of New York-based holding company […]
Construction: Planned Marathon Development to Break Ground on Texas Assisted Living Project Bellevue, Washington-based developer Marathon Development, Inc. has plans to break ground this year on a new assisted living and memory care community in San Antonio, Texas. The company is scheduled to begin construction this June on Solace at Stone Oak, a 62,000-square-foot development […]
Sabra Health Care REIT (NASDAQ:SBRA) announced on Monday the origination of a mezzanine loan investment for $12.4 million with an affiliate of Chai Facilities Acquisition Company, LLC that carries an up to $50 million acquisition option for several senior care properties. Chai Facilities Acquisition Company is the indirect owner of 12 skilled nursing facilities with […]
Manor Village Life Centers Sells Senior Housing Property for $31 Million An affiliate of Rauls Convalescent Home Inc., based in Macon, Ga., recently purchased Manor Village at Preston, a senior housing apartment complex, for $31 million, reports the Triangle Business Journal. The new owner is changing the name of the 166-unit community to Preston Pointe. […]
Health Care REIT Sells Fla. Nursing Home for $9.16 Million Toledo, Ohio-based Health Care REIT sold a nursing home in September to Sarasota SNF Real Estate Investors, LLC, a subsidiary of Life Care Centers of America, for $9.16 million, according to the Herald Tribune. The REIT purchased the land for the 64,000-square-foot building for $560,000 in […]
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