Over the last 12 months, senior living owners and investors have seen big deals, small deals, joint ventures and REIT spinoffs. With talk of oversupply in certain regions, interested investors are taking a close look at opportunities. Deal volume is down from previous years, but a few blockbuster transactions have grabbed headlines in late 2016. […]
HFF Closes Deals in Northeast and Miami Holiday Fenoglio Fowler, L.P. (HFF) has closed a $10.3 million sale of a 0.9-acre development site that will be developed into a high-rise seniors housing community. The site, which is located directly across from the Dadeland Mall in Miami’s Kendall neighborhood, was sold to Greystar, a fully integrated […]
Enlivant Acquires Two Georgia Communities Enlivant, a senior housing provider that operates almost 200 communities across 19 states, has acquired two senior living communities in Georgia, a state where the company already has an established presence. The communities were purchased for $10 million. The two communities, Winthrop West and Winthrop at Polk, were bought from Winthrop […]
$569 Million Joint Venture Sale of Florida Senior Housing Portfolio Closed by HFF Holiday Fenolglio Fowler, L.P. (HFF) closed a $569 million sale of a six-property seniors housing portfolio in Florida, known collectively as Aston Gardens. The sale was a joint venture between health care real estate investment trust (REIT) Welltower Inc. and Canada Pension Plan […]
Capitol Seniors Housing Buys Historic Seattle Community for $36.3 Million Holiday Fenoglio Fowler (HFF) arranged the sale and acquisition financings for Queen Anne Manor, a Seattle seniors housing community purchased by Capitol Seniors Housing for $36.3 million. Senior Managing Directors Ryan Maconachy and Chad Lavender and associate Sarah Baccich led the HFF team. The seller […]
Pinnacle Chairman Appointed to Long-Term Care Board Rob McCabe, Pinnacle Financial Partner’s co-founder and chairman, has been appointed to the board of Diversicare Healthcare Services, a long-term care provider located in Brentwood. Pinnacle Financial Partners is a Nashville-based financial firm with $6 billion in assets. McCabe will serve as a member of the board’s audit […]
Fears of oversupply have driven the conversation around senior housing in recent weeks, but commercial real estate professionals still believe market fundamentals are strong and find senior housing to be a highly attractive investment, according to research findings released Thursday. The research, conducted by the National Investment Center for Seniors Housing and Care (NIC) and the National […]
DiNapoli Capital Partners Acquires Topanga Park Assisted Living In Canoga Park, California DiNapoli Capital Partners has acquired Topanga Park Assisted Living in Canoga Park, California in a $23.4-million cash transaction facilitated by JCH Consulting Group. The deal included both the business and the Topanga Park retirement facility itself, complete with 90 units and 120 licensed […]
CareTrust REIT Acquires 14-Property Skilled Nursing and Assisted Living Portfolio CareTrust REIT announced on Aug. 10 its pending acquisition of Ohio-based Liberty Nursing Centers, a $175 million, 14-property skilled nursing and assisted living portfolio to be funded through the proceeds of an equity offering. The Liberty portfolio includes 1,102 skilled nursing beds and 156 assisted […]
Greystone Real Estate Advisors Closes Sale of St. Louis Community Greystone, a real estate lending, investment and advisory company, recently announced its Real Estate Advisors group closed the sale of Brentmoor Retirement Community in St. Louis, Missouri. The property was acquired by Titan SenQuest Management, Inc. a wholly owned subsidiary of Titan Real Estate Investment […]
