Investor demand for assisted living properties, which make up nearly half of the seniors housing market, is currently insatiable according to a Marcus & Millichap Seniors Housing Research Report. An improving housing market is encouraging seniors to sell their homes, but a plethora of development could slow occupancy growth for assisted living communities for the second […]
Marcus & Millichap
A new senior housing investment advisory group launched this week, led by a team of senior housing industry members including founding partners formerly of Marcus & Millichap’s senior housing investment arm. The new outpost, Blueprint Healthcare Real Estate Advisors, says it is targeting the expanding seniors housing demographic with room to grow as a strategic […]
Consolidation in the senior housing sector remains the name of the game going forward in 2013 as the overall industry moves toward efficiency, according to a recent Seniors Housing Research Report, but construction levels are picking up as well. Small operators with only a couple assets that need significant technology upgrades may find the current […]
The competition for distressed deals is heating up among entrepreneurial capital in the quest for high returns, but while it could get much hotter before new developments come online, more operators may look to shore up existing portfolios in 2013. “The number of properties with occupancy issues, or serious physical plant needs where capital needs […]
With 2012 almost over and the new year—and new tax rates—approaching, there’s been a flurry of transaction activity, even though not all of the deals are closing before the end of the year and they’re not all fiscal-cliff related. Marcus & Millichap Brokers Sale of Calif. SNF for $10 Million Marcus & Millichap recently brokered […]
McMinnville, Ore.-based senior living operator The Springs Living recently acquired a four-property portfolio in the Portland area from Grayco LLC for $65 million. The Springs Living partnered with Harrison Street Real Estate Capital LLC, a Chicago-based private equity firm, to purchase the properties and used $56 million in financing arranged by Holliday Fenoglio Fowler LP, also […]
Washington, D.C.-based Capitol Seniors Housing recently purchased two Texas independent living communities from Franklin Development Co. for an undisclosed amount in a transaction brokered by Marcus & Millichap Real Estate Investment Services. The two properties are Franklin Park Canyon Creek in Plano, Tex. and Franklin Park Hometown in North Richland Hills, Tex., both developed by […]
Holiday Retirement recently announced its acquisition of two new retirement communities, located in Wisconsin and Oregon. “We are thrilled with our two most recent acquisitions, which enable us to serve a growing number of seniors seeking a fulfilling, independent lifestyle,” said Holiday Retirement CEO Jack R. Callison, Jr., in a statement. “Holiday Retirement is in […]
Real estate brokerage firm Marcus & Millichap recently brokered the sale of five senior housing properties in three separate transactions with an aggregate sales price of $70.1 million. Ben Firestone and Jacob Gehl, out of the firm’s Chicago office, brokered the sale of three properties, Caley Ridge Assisted Living Community in Englewood, Colo., The Mansion […]
A county-run nursing home in New York was recently sold to a New York City corporation for $4.05 million in a transaction brokered by real estate investment services firm Marcus & Millichap. Essex County lawmakers voted 12-6 to sell the 100-bed Horace Nye Nursing Home to the Centers for Speciality Care of the Bronx, one […]
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