Health care real estate investment trusts (REITs) have been the most active investors in senior housing properties of late, dishing out hundreds of millions of dollars to acquire massive portfolios. But the full force of their blockbuster potential may still be yet to come. Currently, health care REITs own about 12% of all the institutional […]
Construction: Planned Senior Lifestyle Corp. to Break Ground on New Fla. Community Chicago-based Senior Lifestyle Corporation announced last week it will break ground this spring on its newest community, The Sheridan at Cooper City, a 111-unit assisted living and memory care facility in Cooper City, Fla. The Sheridan at Cooper City will feature 72 assisted […]
National Health Investors, Inc. (NYSE: NHI) announced it has closed the previously announced acquisition of eight senior housing communities in the South Atlantic region for $476 million. All eight communities are leased to Senior Living Communities, LLC (SLC) and will continue to be managed by an SLC affiliate. The deal is part of a broader transaction […]
National Health Investors (NYSE: NHI) announced Monday it has entered into a definitive agreement to acquire a portfolio of eight senior living communities in the South Atlantic region for $476 million. Following the transaction, which is expected to close by December 31, 2014, NHI will lease the eight communities to Charlotte, North Carolina-based operator Senior […]
Sagora Senior Living Acquires Texas Community Fort Worth, Texas-based The Covenant Group and its affiliate Sagora Senior Living have recently acquired the retirement community University Place in Abilene, Texas, for an undisclosed amount. The community is comprised of 124 total independent living units. Sagora Senior Living will be redesigning the community’s interior and starting several new community […]
National Health Investors (NYSE: NHI) will lend up to $154.5 million to recapitalize and finance the expansion of a Washington-based continuing care retirement community (CCRC), the company announced Monday. The financing for an entry-fee CCRC is the first of its kind for NHI, which has a long history of investing in the senior housing space. The […]
SQLC Announces Completion of Land Acquisition Senior Quality Lifestyles Corporation (SQLC), a Dallas-based nonprofit developer of senior living communities, has announced the completion of the land purchase for expansion of The Buckingham, a 501(c)(3) nonprofit life care community located in the Memorial neighborhood of Houston. The land acquisition consists of six acres adjacent to the […]
Aviv REIT Acquires Kentucky Skilled Nursing Facility for $6 Million Aviv REIT, Inc. (NYSE: AVIV) announced June 2 the acquisition of a Kentucky-based post-acute and long-term care skilled nursing facility for $6 million. The SNF is triple-net leased to existing Aviv operator Diversicare Healthcare Services, an operator of 49 facilities in 9 states. The acquisition […]
Holiday Retirement continues to unload senior living assets to big spending investors, announcing the sale of 29 Canadian communities to Ventas, Inc. (NYSE:VTR) on Monday for approximately $900 million. The properties, all of which are independent living and total 3,354 units, are located in seven Canadian provinces, with the majority concentrated in Toronto and Alberta. […]
National Health Investors (NYSE: NHI) today completed the previously announced purchase of 25 former Holiday Retirement properties from Holiday Acquisition Holdings for a total of $491 million plus transaction costs. NHI initially announced the acquisition in November, following an announcement by Newcastle Investment Corp. (NYSE: NCT) that it would acquire a 52-property portfolio of senior housing […]
