In a bold move that could give senior housing operators a template for increasing their revenue and power within the care continuum, four companies are teaming up for a big bet on Medicare Advantage. Operators Christian Living Communities (of Englewood, Colorado), Juniper Communities (Bloomfield, New Jersey) and Ohio Living (Columbus, Ohio), and managed services partner […]
LTC Properties Inc. (NYSE:LTC) will acquire six properties from Juniper Communities, LLC for $94 million in a sale-leaseback transaction set to close before the end of the year. Juniper, a privately held company based in New Jersey, will continue to operate the communities under a lease with an initial 15-year term with two five-year renewal […]
Care Investment Trust Inc. (OTCQX:CVTR) has entered an agreement to purchase a seven-property senior housing portfolio from affiliates of Juniper Communities, LLC for $106.5 million. The assisted living and memory care assets are located in desirable markets in New Jersey, Pennsylvania, and Colorado and have a total of 410 units with an average occupancy rate […]
