Sun Communities agrees to $343.6M mobile home portfolio deal Mobile home and recreational community real estate investment trust Sun Communities (NYSE: SUI) entered into an agreement to acquire an eight state, 31-community portfolio through a merger with Jensen Communities, for $343.6 million. The portfolio comprises of 5,230 developed sites and over 460 additional expansion sites […]
Madison Realty Companies
SLIB Closes Sale of Four Washington Facilities for $78 Million Senior Living Investment Brokerage, Inc. (SLIB) has closed the sale of four Washington assisted living and independent living communities for a total of $78 million. The portfolio is a collection of four properties located in Seattle’s greater metropolitan area, totaling 368 units with approximately 354,083 […]
Greystone Closes $210 Million Sale of 8-Property Senior Housing Portfolio Greystone Real Estate Advisors, a real estate lending, investment and advisory company, closed the sale of an eight-property senior housing portfolio for $210 million. Seven of the properties are in Texas, with another located in Oklahoma. Greystone represented the sellers in the transaction, Harrison Street […]
Cahill Group Buys $250 Million Senior Care Portfolio Cahill Group recently announced it has completed the $250 million acquisition of the Rosewood skilled nursing and health care portfolio, based in St. Louis, Missouri. The acquisition includes skilled nursing facilities, senior living, home health, and other related management and service companies in St. Louis and Illinois, […]
While real estate investment trusts (REITs) are known for being long-term asset holders, some private investors are pursuing a shorter term, value-add strategy, often in the hopes of attracting REITs’ deep pockets. Rather than hold senior housing properties long term, another strategy is to make one-off acquisitions that may be undesirable to or overlooked by […]
Holiday Retirement Assumes Management of N.Y. Senior Community Holiday Retirement announced in late July it has assumed management for The Manor at Woodside, an independent living community in Poughkeepsie, N.Y., following a recent acquisition from Woodside Associates. The Manor at Woodside is a 111-unit retirement community featuring a live-in management team available 24 hours a […]
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