Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]
Prestige Senior Living
BMA Management Tapped to Operate 2 New Ill. Communities BMA Management has been picked to operate two senior living communities currently being developed in Illinois. Both will serve low-income seniors through the state’s Supportive Living Facility program. Goldblatts Senior Living Community is being developed in the historic Goldblatts Department Store building in Chicago’s Back of […]
After raising $175 million through a senior notes offering earlier this month, National Health Investors Inc. (NYSE: NHI) announced it will acquire four Prestige Senior Living properties for $42 million. Through a sale-leaseback transaction, NHI will purchase the four properties from Vancouver, Wash.-based Prestige comprising one assisted living community in Idaho and three skilled nursing […]
CNL Healthcare Properties real estate investment trust has acquired four senior housing communities in Washington for a total of $88.3 million. The properties—all of which are managed by Prestige Senior Living—contain a combined 457 units including 136 independent living units, 297 assisted living units and 24 memory care units. CNL said in announcing the acquisition […]
Construction: Planned Prestige Senior Living and Nevada Health System to Develop Memory Care Prestige Care, Inc., and Prestige Senior Living, LLC, are teaming with Carson Tahoe Health to develop a memory care community on the health system’s Specialty Medical Center campus in Carson City, Nevada. As a first step in the relationship between these organizations, […]
Cahill Group Buys $250 Million Senior Care Portfolio Cahill Group recently announced it has completed the $250 million acquisition of the Rosewood skilled nursing and health care portfolio, based in St. Louis, Missouri. The acquisition includes skilled nursing facilities, senior living, home health, and other related management and service companies in St. Louis and Illinois, […]
In case you missed it, here at the top five stories grabbing Senior Housing News readers’ attention this week: AT&T Makes Entry Into Senior Care With New Product Launch—The international communications giant is rolling out a monitoring device supported by its national wireless network that is being marketed to senior care businesses including assisted living […]
Real estate investment trust CNL Healthcare Properties has acquired a 12-property senior living portfolio for $302 million, the company announced Monday. The 12 properties are located in the northwest United States, and span independent living, assisted living and memory care units. The 12 properties are based in Idaho, Montana, Nevada and Oregon and will be […]
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