Ensign Group Completes Acquisition of Legend Healthcare The parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, The Ensign Group, Inc. (NASDAQ: ENSG), has completed its previously announced acquisition of 18 skilled nursing operations in Texas. All facilities were previously operated […]
Marcus & Millichap
Mainstreet Announces 3 New Hires Mainstreet, a Carmel, Indiana-based development and investment company, announced three new hires for the month of April. Scott Juetten has been named Mainstreet’s new vice president of financial operations for Mainstreet Health. He previously worked for Kindred Healthcare, where he was vice president and controller of the nursing center division. Mainstreet […]
This week, Senior Housing News readers tuned into stories about senior housing rents and occupancy outlooks. Readers were also interested to learn how minimum wage hikes in New York and California will impact senior living providers, and why brokers disagree about where the skilled nursing industry is headed. Here in the newsroom, we loved the […]
Talk of consolidation in the skilled nursing industry has been circulating for quite some time, and initiatives have been launched to attract new buyers and investors to the market. All the while, there’s strong disagreement among senior housing brokers over what kinds of operators will come to dominate the skilled nursing industry—and exactly how much control they […]
As it turns out, the senior housing market may not be past its peak after all. Although the occupancy outlook for 2016 differs by property type, the industry as a whole is poised for success and rents will increase across the board. In fact, a sunny economic outlook and favorable demographic trends will propel the […]
IPA Closes Record Sale of 33 SNFs in Texas Institutional Property Advisors (IPA), a division of Marcus & Millichap that specializes in serving institutional and major private real estate investors, sold 33 skilled nursing facilities (SNFs) in South Central Texas. The transaction is the largest seniors housing sale on record in the state, according to […]
Safanad and Formation Capital Acquire $129 Million Assisted Living Portfolio Safanad, a global principal investment firm that invests in real estate, private equity and public markets, and its industry partner in the senior care investment platform, Formation Capital, have acquired a portfolio of nine assisted living facilities for the price of $128.6 million. Formation Capital […]
Senior Living Investment Brokerage Facilitates Sale of Virginia Assisted Living Facility Glen Ellyn, Illinois-based Senior Living Investment Brokerage Inc. facilitated the sale of Lexington at Tazewell, a 42-unit, 33,480-square-foot assisted living facility in Tazewell, Virginia, for $2.15 million. The seller was the lender who had financed the renovations and then foreclosed on the developer. The buyer […]
CCRC in St. Charles, Missouri, Sold by IPA for $17 Million Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. that specializes in serving institutional and major private real estate investors, announced the sale of Carrington Place of St. Charles, a 294-bed, 234-unit continuing care retirement community (CCRC) in St. Charles, Missouri. Carrington Place of […]
The senior housing industry has been booming since the end of the recession, prompting some in the sector to return their attention to an asset that struggled during the economic downturn: independent living. Whereas independent living was among the most popular property types pre-recession given its low barrier to entry and apartment-like setup, the economic downturn […]
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