Senior Housing Investments & Transactions: Blackstone Deals

Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]

Senior Housing Investments & Transactions: Mainstreet Acquires $44.3 Million Memory Care Portfolio

Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]