Griffin-American REIT IV Acquires 9-Property Portfolio A portfolio of nine properties throughout the greater Tampa and Orlando areas sold for $109.5 million in early November. Griffin-American Healthcare REIT IV acquired the 1,140-unit portfolio from New Senior Investment Group (NYSE: SNR). Griffin-American Healthcare REIT IV is co-sponsored by American Healthcare Investors and Griffin Capital Company LLC. […]
Life Care St. Johns Inc.
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 […]
A Florida continuing care retirement community has emerged from Chapter 11 bankruptcy after successfully restructuring about $62 million of debt. The Jacksonville-area CCRC, sponsored by not-for-profit organization Life Care St. Johns d/b/a Glenmoor, entered a formal restructuring process in early July 2013, with its plan receiving near-unanimous approval by all parties involved. At the time […]
A Florida continuing care retirement community (CCRC) has filed for Chapter 11 bankruptcy protection with $55 million of outstanding bond debt. The nonprofit owner, Life Care St. Johns, Inc. also owes $7.8 million in entrance fee refunds to its residents and attributes its financial position to the economic downturn. Life Care St. Johns, Inc., the […]
Subscribe
Receive industry updates and breaking news from SHN