Covid-19 has disrupted commercial real estate for the past year, but few asset classes have been hit as hard as the hospitality industry. From the early days of the pandemic, some senior living developers, investors and operators have said they anticipate opportunities to acquire and reposition hotel assets. Although the availability of Covid-19 vaccines is […]
CareTrust expands memory care portfolio with $12.5M California acquisition CareTrust REIT (Nasdaq: CTRE) added to its portfolio of memory care communities with the $12.5 million acquisition of Vista del Lago, a 42-unit/96-bed community in San Diego. The seller was Torrey Pines Development Group. The Cushman & Wakefield Senior Housing Capital Markets team of Vice Chairman […]
Construction: Planned Mainstreet to Develop $15.7 Million Senior Care Center in Indiana Cicero, Ind.-based developer Mainstreet Property Group LLC has plans to develop a $15.7 million senior healthcare center on the east side of Indianapolis after gaining approval from the city’s Metropolitan Development Commission to purchase the property for $912,500, reports the Indianapolis Business Journal. Mainstreet […]
