Oversupply Fears Cause ‘Lazy’ Senior Living Companies to Miss Opportunities

Senior housing companies can be quick to paint entire states with a broad brush—especially when the conversation turns to oversupply. But that’s a mistake, according to some experts. “I think it’s shortsighted,” Senior Living Investment Brokerage (SLIB) Managing Director Matthew Alley told Senior Housing News. Alley has heard his fair share of oversupply talk in […]

Senior Housing Investments & Transactions: Greystone, Cushman & Wakefield

Greystone Real Estate Advisors Closes $44.8 Million Indiana Portfolio Greystone Real Estate Advisors, the seniors housing and multifamily real estate services group of financial and private investment group Greystone, has closed the $44.75 million sale of a two-property seniors housing portfolio in Indiana. The properties were sold to an undisclosed private equity investment fund on […]

Senior Housing Investments & Transactions: NHI, Greystone Real Estate Advisors

National Health Investors Acquires $9.8 Million Independent Living Community National Health Investors, Inc. (NYSE: NHI), a real estate investment trust (REIT), has acquired a 98-unit independent living community in Chehalis, Washington, for a total investment of $9.8 million, including $350,000 for capital improvements. NHI leased the community to a partnership between Marathon Development and Village […]

Senior Housing Investments & Transactions: Spectrum Professional Services, Ensign

Spectrum Professional Services Acquired by Beecken, Sunrise JVBeecken Petty O’Keefe & Company, a Chicago-based private equity firm that invests exclusively in health care companies, has acquired Maryland-based Spectrum Professional Services, a leading provider of rehabilitative therapy management and consulting services with more than 500 customers across the United States. Further investment in the transaction was provided by […]

Senior Housing Investments & Transactions: Senior Living Investment Brokerage, PharMerica

Senior Living Investment Brokerage Sells $850,000 Skilled Nursing Facility in Texas Senior Living Investment Brokerage, Inc. Managing Director Matthew Alley sold a 62-bed skilled nursing facility in Poteet, Texas, for $850,000. The facility was bought by a non-profit entity looking to expand its seniors housing presence. “This nursing home, while struggling with census, was a geographic fit […]

Senior Housing Investments & Transactions: Trilogy Health Services, LTC Properties

NorthStar, Griffin-American Close on $1 Billion Trilogy Acquisition It’s official—the $1.125 billion acquisition of Trilogy Health Services LLC has been finalized. NorthStar Healthcare Income, Inc. on Tuesday announced the completion of the acquisition, pursuant to a joint venture with Griffin American Healthcare REIT III, Inc. Under the agreement, Griffin-American will own 70% of the joint […]

Senior Housing Investments & Transactions: ESI, Summit Healthcare REIT

Summit Healthcare REIT, Inc. Expands to New Hampshire Summit Healthcare REIT, Inc. acquired a 59-bed/50-unit assisted living facility in Littleton, New Hampshire, for a purchase price of $8.5 million in a sale-leaseback transaction on Nov. 17. Summit has assumed the HUD loan collateralized by the property in the amount of about $4.7 million. The 34,684-square-foot facility […]

Senior Housing Investments & Transactions: Welltower, Summit

Welltower Buys Florida Senior Living Community for $79 Million Welltower (NYSE: HCN) acquired the 325-unit Aston Gardens senior living community in Parkland, Florida, for $78.62 million, or $241,908 per unit. AG Parkland Senior Housing I LLC, an affiliate of Boca Raton, Florida-based Kayne Anderson Real Estate Advisors, sold the retirement community to the Toledo, Ohio-based REIT. The […]

Senior Housing Finance Activity: Health Care REIT, CBRE

Health Care REIT Purchases $56.7 Million Fort Collins Complex  Health Care REIT (NYSE: HCN) purchased a senior living complex in southeast Fort Collins, Colorado for $56,740,000. The Ohio-based REIT bought the property, MacKenzie Place on Aug. 31, marking its eighth senior housing purchase in Colorado. The property is located at 4750 Pleasant Oak Drive and […]

Senior Housing Investments & Transactions: CareTrust, CNL, HFF

CareTrust REIT Acquires 14-Property Skilled Nursing and Assisted Living Portfolio CareTrust REIT announced on Aug. 10 its pending acquisition of Ohio-based Liberty Nursing Centers, a $175 million, 14-property skilled nursing and assisted living portfolio to be funded through the proceeds of an equity offering. The Liberty portfolio includes 1,102 skilled nursing beds and 156 assisted […]