Construction: Planned Senior Housing Group Plans Construction on Minn. Multi-Care Community Saint Therese, a Catholic-based senior care organization, plans to break ground on a new campus in Woodbury, Minn. this fall, the local Patch reports. The community, Bielenberg Gardens, will be located at the southwest corner of Radio Drive and Bailey Road in Woodbury, and […]
Milestone Retirement Communities
National Health Investors, Inc. (NYSE:NHI) recently acquired two assisted living communities for $9 million from Milestone Retirement Communities, LLC in a sale/leaseback transaction. The two properties have a total of 101 units and are located in Ontario, Ore. and Weiser, Ida. Milestone will lease and continue to operate the communities. The lease has an initial […]
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 […]
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