Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]
IPA
Five Star Senior Living Names Adam Portnoy as Managing Director Five Star Senior Living (Nasdaq: FVE) announced that Adam Portnoy was elected as its new managing director. Portnoy, 47, was elected in order to fill a vacancy on the board left by the unexpected passing of Barry Portnoy, Five Star’s founder and one of its managing […]
Construction: Announced New Community Planned in Arizona Investment Property Associates (IPA) and Ryan Companies have announced a senior living community in Scottsdale, Arizona. The community, Generations at Pinnacle Peak, is will have 90 independent and assisted living units and 20 memory care units, according to a release on AZ Big Media. IPA will operate the community […]
Inspirit Senior Living Acquires Two Communities in Pennsylvania Inspirit Senior Living has acquired two senior housing properties in the state of Pennsylvania. The 67-unit Willow and the 70-bed Palmerton, which were previously owned and operated by LifeCare Holdings and The Weston Group, respectively, mark the third and fourth acquisition for the Fairfax, Virginia-based company. Both […]
Benchmark Senior Living Buys CCRC Near Boston A continuing care retirement community (CCRC) near Boston has a new owner. Benchmark Senior Living, which is based in Waltham, Massachusetts, acquired New Pond Village, a 199-unit senior living community in Walpole, Massachusetts. National real estate services firm Cushman & Wakefield negotiated the sale. New Pond Village is an 199-unit entrance-fee CCRC that […]
Cushman & Wakefield Arranges Sale of Senior Community Near St. Louis Cushman & Wakefield announced it advised a joint venture of Provision Living Senior Communities and real estate investment trust Welltower (NYSE: HCN) in the sale of Provision Living at Webster Groves to Sunrise Senior Living, for an undisclosed price. Provision Living is an assisted living and […]
Greystone Closes $12.5 Million Sale of Community in Texas Greystone Real Estate Advisors has closed on the sale of a Class A assisted living and memory care community 20 miles east of downtown Dallas. Cornerstone Senior Living purchased Three Forks of Forney in Forney, Texas, from Healthcap Partners on March 17 for $12.5 million, according to […]
Care Capital Properties to Acquire $400 Million Behavioral Health Portfolio Care Capital Properties, Inc. (NYSE: CCP) has entered into a definitive agreement to acquire six behavoiral health hospitals in a sale-leaseback transaction for $400 million and to fund up to $50 million in capital expenditures to finance expansion and improvements in the portfolio. The properties […]
Capital Senior Living Acquires Two Facilities for $56 Million Capital Senior Living Corp. (NYSE: CSU) has acquired two assisted living communities for $56 million. The communities were previously owned by Keystone Senior. The sale of the properties was facilitated by Stephen Snider, an independent senior housing broker. Snider represented Keystone Senior LLC. Joint Venture Acquires […]
The new year may have begun on Jan. 1, but in some ways it feels like it only started on Friday, with the inauguration of President Donald Trump. Now, months of speculation will give way to a period of actual activity, and consequences. Not every senior housing trend will be driven by Trump, but the […]
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