Senior Housing Investment & Acquisition Round-Up (4/9/13)

MBK Senior Living Sells Two Properties to Brookdale for $56.1 MIllion   Brookdale Senior Living recently purchased two Spokane, Washington properties from MBK Senior Living for $56.1 million.  The properties, built between 1999 and 2003, include a combination of assisted living and memory care units, with an additional 20 independent units in one of the […]

Senior Housing Investments and Acquisitions (2/11/13)

REIT Buys N.C. ALF for $9.7 Million in Sale-Leaseback Transaction with Meridian Meridian Senior Living recently sold an assisted living community to Cornerstone Core Properties REIT Inc., an investment fund of Irvine, Calif.-based Cornerstone Real Estate Funds, for $9.7 million in a sale-leaseback transaction, reports The Business Journal. Danby House is a 100-bed, 27,129-square-foot community […]

MBK Senior Living Acquires Calif. Senior Living Community

Irvine, Calif.-based MBK Senior Living recently announced the acquisition of Oakmont Gardens, a senior living community in Santa Rosa, Calif., for an undisclosed amount. Oakmont Gardens offers four newly-remodeled one- or two-bedroom floor plans, with community amenities that include swimming pools, spas, a golf course, tennis, a new fitness center, a library, and lawn bowling. […]