Undeterred by ongoing occupancy pressures, senior housing investors have been snatching up assisted living properties at an accelerated pace. In the last year, there has been a 34% increase in assisted living sales activity, according to a newly released report from Marcus & Millichap, a Read More »
Senior Housing Investments & Transactions: Capital Senior Living, IPA, Cushman & Wakefield
Capital Senior Living Acquires Two Facilities for $56 Million Capital Senior Living Corp. (NYSE: CSU) has acquired two assisted living communities for $56 million. The communities were previously owned by Keystone Senior. The sale of the properties was facilitated by Stephen Snider, an independent senior Read More »
Senior Housing Investments & Transactions: CBRE Arranges $77 Million Sale
CBRE Capital Markets Arranges $77.3 Million Sale, $50.5 Million Senior Housing Financing CBRE Capital Markets’ National Senior Housing team arranged the sale of two senior housing communities in Georgia to an affiliate of Arcapita Investment Management US for $77.25 million, or $327,330 per unit. The Read More »
Senior Housing Investments & Transactions: AdCare Completes $55 Million Portfolio Sale
AdCare Sells Nine Properties for $55 Million AdCare Health Systems, Inc. (NYSE: ADK), a self-managed health care real estate investment company that primarily invests in senior living and long-term care properties, has completed the sale of nine properties in Arkansas. The properties were sold to Read More »
Senior Housing Investments & Transactions: Kayne Anderson, SLIB Sales
Kayne Anderson Buys $38 Million Palm Beach Gardens Community An affiliate of Kayne Anderson Capital Advisors, an alternative investment firm that manages more than $23 billion in assets, purchased a newly completed senior housing community in Palm Beach Gardens, Florida, for $38 million, The Real Read More »
Senior Housing Investments & Transactions: Silverado, Welltower
Silverado Assumes Management of Welltower-Owned Community As part of Welltower Inc.’s (NYSE: HCN) $1.15 billion acquisition on the West Coast, Silverado assumed management and daily operations at The Berkshire-Vintage Senior Living Community on Sept. 16. The community has been renamed Silverado Berkeley. Over the next several Read More »
Movers & Shakers: Wells Fargo’s National Health Care Sales Manager
Wells Fargo Capital Finance Announces New National Health Care Sales Manager Wells Fargo Capital Finance, the asset-based lending division of Wells Fargo & Company (NYSE: WFC), announced the promotion of Kevin Harbour to national health care sales manager in the company’s health care finance group. Read More »
Why Luxury Senior Living is ‘Booming’
Lately, luxury seniors housing is all the rage—among developers, real estate investment trusts (REITs) and baby boomers alike, experts say. “It’s fair to say that luxury seniors housing is booming,” Mark Myers, an executive director at Institutional Property Advisors (IPA), tells Senior Housing News. IPA is Read More »
Why Medical Office Owners Are Looking Closer at Senior Housing
The seniors housing and medical office building industries may have more in common than meets the eye. In fact, they may be more like close family than distant relatives, according to some experts. The sectors are undeniably growing closer, according to Gino Lollio, vice president Read More »
Senior Housing Investments & Transactions: NorthStar Realty to Sell $3 Billion in Assets
CareTrust REIT Buys $34.4 Million Portfolio in California CareTrust REIT, Inc. (Nasdaq: CTRE) acquired two senior housing communities and two skilled nursing facilities (SNFs) in California’s Central Valley for approximately $34.4 million. The portfolio includes 79 assisted living units and 293 skilled nursing beds. It Read More »
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