Senior Housing Investments & Acquisitions: Diversicare, LCB Senior Living, HCN

Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected […]

[Update] HCN Inks $2.3 Billion Deal with HealthLease, Mainstreet

Health Care REIT, Inc. (NYSE: HCN) has agreed to acquire HealthLease Properties REIT (TSE: HLP.UN) in a deal valued at $950 million, and has entered into a partnership with Mainstreet in a transaction that represents a combined potential $2.3 billion investment. The combined deal includes 53 senior housing and health care properties currently owned by […]

Developers See Opportunity as Old Nursing Homes Become Obsolete

The design elements for post-acute care facilities of the 1960s, such as shared rooms and cafeteria-style dining, have become dinosaurs of the industry. In their stead are upscale, hotel-style models that are redefining post-acute care communities, industry experts agree. “The transitional and long-term care facilities of 40 years ago are functionally obsolete,” said Zeke Turner, […]

In the Pipeline: Senior Housing Construction Projects (7/17/14)

Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income people age 62 and older. Construction on the Westminster Place […]

Mainstreet Sees More Crowdfunding Potential for Senior Living Development

Following the record-setting success of a crowdfunding campaign that raised $1.8 million within a single month toward the development of a new “medical resort,” Mainstreet plans to follow-up with similar initiatives later this year to fund future projects. In April, the Carmel, Indiana-based Mainstreet teamed up with CrowdStreet, a crowdfunding platform that connects accredited investors […]

In the Pipeline: Senior Housing Construction Projects (5/8/14)

Construction: Planned $10 Million Assisted Living Community Planned for Jackson, Michigan Lloyd Ganton Retirement Centers, a Michigan-based senior living provider, will invest at least $10 million into a new living center that will house about 190 seniors in Jackson, MI, reports MLive. Project plans call for independent and assisted living units, as well as a […]

Mainstreet Uses Crowdfunding To Finance New Senior Living Development

Mainstreet is taking a crowdsourcing approach to the financing of senior care development. As a means to finance its ongoing growth efforts, short-term rehabilitation and boutique nursing home developer Mainstreet is rolling out a direct investment initiative that connects crowdfunding with its latest project, a Bloomington, Indiana short-stay transitional care and assisted living facility. By […]

Mainstreet Launches New Operating Company to Manage Healthcare Resorts

Skilled nursing and short-stay rehabilitation provider Mainstreet, which recently announced a joint venture partnership with the Ensign Group (NASDAQ: ENSG) to develop five new “healthcare resort” properties, announced this week it is launching a new operating company. Mainstreet has hired David Stordy, former president of Golden LivingCenters as president of the new, yet-to-be-named company. The company […]

Bloomberg TV: Bringing Innovation Back to Skilled Nursing

Bloomberg took a look at the future of skilled nursing and spoke with Zeke Turner, CEO of Mainstreet Property Group. The company has been successful creating higher end skilled nursing communities that have a similar feel to hotels. “We threw away the [traditional skilled nursing] designs and said, let’s start over and design something that […]

10 Questions For: Zeke Turner, Mainstreet CEO

What do you get when you drive through the night to knock on Warren Buffet’s door unannounced? Paul Ezekiel “Zeke” Turner, Chairman and CEO of Carmel, Indiana-based senior living developer Mainstreet tells us what he found when he decided to drop in on the legendary billionaire. In the launch of SHN’s new interview series Turner sheds […]