David Eskenazy Named President of Merrill Gardens David Eskenazy has been named the president of Merrill Gardens, the company announced today. He replaces Tana Gall, who announced earlier this year that she was leaving the company to pursue other interests. Eskenazy will assume his new role effective immediately. Eskenazy brings to the position more than […]
Marcus & Millichap
Vintage Senior Living Acquires Culver City, California Community Vintage Senior Living — a family of communities offering independent, assisted living and memory care options across Southern California, Northern California and Washington state — has acquired Grandview Palms, a senior living community in Culver City, Calif. The community has transitioned operations and ownership to Vintage Senior […]
Advancements in the broader economy forecast a favorable outlook for across all senior housing property types in the second half of 2014, and growth is likely to continue well into next year, according to a new Marcus & Millichap report. Independent, assisted living, skilled nursing and continuing care retirement communities (CCRCs) stand to benefit from improving economic […]
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 […]
HealthLease Properties REIT Acquires Senior Care Facility for $34.3 Million HealthLease Properties Real Estate Investment Trust recently announced it had completed the acquisition of a Canadian senior care facility in High River, Alberta, from Continuum Healthcare Holdings, Ltd. for $34.3 million. Sunrise Village High River is a newly built facility with 176 units that provide […]
Sabra Acquires Senior Housing Campus for $24M, Makes Development Investment Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently acquired a senior housing campus in Fort Wayne, Indiana for $23.8 million and announced a preferred equity investment of $1.7 million for the completion of a memory care community in Colorado Springs, Colo. The newly acquired campus, Park Place, has […]
Berkadia Secures $44 Million for N.Y. Skilled Nursing Facilities Berkadia Commercial Mortgage LLC recently arranged $43.9 million of financing for two skilled nursing facilities located in Nassau County and Dutchess County, N.Y. Vice President Jay Healy of Berkadia’s Seniors Housing and Healthcare group worked with the owner of both properties to secure the fixed-rate financing. […]
With strong gains across all senior housing sectors as of the first half of 2014, the top 20 metros are showing 90%-plus occupancy among independent living communities. According to data from the National Investment Center for the Seniors Housing and Care Industry cited by Marcus & Millichap in its biannual industry report released this month, […]
Investors are taking note of favorable conditions in the senior living industry as the housing and jobs market recovery continues, occupancy levels improve, and rents increase, says real estate brokerage firm Marcus & Millichap in a new research report. Continuing care retirement communities (CCRCs) in particular are being aided by a “resurgent” housing market fueled by […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers this week: 1. Senior housing industry veterans launch new investment advisory firm—A group of industry veterans have launched a new investment advisory that will be focusing on the senior housing and healthcare sectors. 2. Chicago’s tech scene buzzing with senior […]
Subscribe
Receive industry updates and breaking news from SHN