Senior Housing Investments & Transactions: Fortis Files for Receivership

Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]

Senior Housing Investments & Transactions: REIT Mega Deal, LTC Properties

Washington Nursing Facility Sells for $6.6 Million  Shoreline Health and Rehab, a 106-bed skilled nursing facility in Shoreline, Wash., recently sold for $6.625 million, a purchase price driven, in part, by its $3 million renovation in 2012, according to Evans Senior Investments, which facilitated the sale. “Although well-managed from an expense perspective, the facility historically […]

Healthcare REIT Transitions Management, Fends Off Second Takeover Bid

Griffin-American Healthcare REIT II, formerly known as Grubb & Ellis Healthcare REIT II, announced on Jan. 9 that it has successfully transitioned its advisory and dealer manager agreements from Grubb & Ellis Company and its affiliates to co-sponsorship by American Healthcare Investors and Griffin Capital Corporation. The U.S. Securities and Exchange Commission’s declaration of the […]