Transactions MedCore acquires two communities MedCore Partners announced it has completed the acquisition of two senior living communities in Detroit, Michigan. According to a press release, this acquisition will bring MedCore’s seniors housing portfolio to nine states and 22 assets with approximately 2,700 beds. The transaction was completed through a partnership with REDICO/American House, and […]
MedCore Partners
Though they are not easy to undertake, partnerships between senior living operators and universities can help create opportunities for marketing and hiring. In recent decades, senior living operators have sought to join forces with universities for forward-thinking projects, partly with the idea that it will appeal to the incoming baby boomers. The prospect does have […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In progress Monarch Communities to Start Work on Project Near Baltimore Monarch Communities is set to break ground on a new senior living community in […]
Transactions Integral Senior Living Assumes Management of Four Communities Integral Senior Living announced it has assumed management of four assisted living and memory care communities owned by MedCore Partners in the Mountain West. The move further expands the working relationship between Dallas-based real estate firm MedCore and Carlsbad, California-based Integral Senior Living. The communities, three […]
Sales MedCore Sells Washington Community MedCore Partners announced the sale of its Cooks Hill Manor community, according to a press release. The move brings MedCore portfolio to 15 senior living properties across the states of Arizona, California, Oregon, Texas, Utah, and Washington. Grandbridge Arranges New Hampshire CCRC Sale Grandbridge Real Estate Capital announced that it […]
Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned LifeCare Properties, ERG Plan Texas Community Developer LifeCare Properties and investment group ERG Enterprises are planning to open a senior […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. Construction: In progress Resort Lifestyle Communities to Break Ground on North Carolina Project Resort Lifestyle Communities held a Feb. 18 […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Cadence, Flournoy Start Work on Seattle Community Cadence Living and Flournoy Development Group have broken ground on Cadence at Kent-Meridian, a 128-unit senior living […]
Real estate investment and development firm MedCore Partners has acquired a seven-property senior living portfolio operated by Senior Services of America (SSA), and has ambitions to do similar value-add, middle-market deals going forward. The 582-unit portfolio consists of five properties in Washington state and two in California, offering a mix of independent living, assisted living […]
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