Illinois SNF Fetches Record Per-Bed Price in $39.5 Million Deal

An Illinois-based skilled nursing facility was purchased for a total of $39.5 million at an Illinois record price-per-bed of $135,274, in a deal announced this week. The property was sold by Lancaster Health Group in a deal brokered by Senior Living Investment Brokerage.  The 292-bed community, Norridge HealthCare and Rehabilitation Centre, is based in Norridge, Illinois […]

East Coast REIT Acquires Two Oregon Senior Housing Properties for $27.8 Million

Senior Living Investment Brokerage today announced it has brokered transactions of two senior housing properties in Oregon for a total of $27.8 million.  The Oregon-based seller divested the assets in an effort to exit the seniors housing sector and use the capital toward other, more passive investments, Senior Living Investment Brokerage reports.  The buyer is […]

REITs Casting Wider Nets as ‘Class A’ Senior Housing Assets Get Scarce

After snapping up several large ‘Class A’ senior living portfolios between 2011 and the present, real estate investment trusts (REITs), hungry to keep their margins healthy, are casting wider nets that may include off-market deals, other asset types, and new development. “The biggest challenge the REITs are currently facing is a shortage of quality properties […]

Senior Housing Investment and Acquisition Round-Up (3/18/13)

Capital Senior Living Buys Senior Care Property for $6.6 Million Capital Senior Living recently purchased an assisted living and memory care community in Elkhorn, Neb., for $6.6 million in a transaction handled by Senior Living Investment Brokerage. Marquis Place of Elkhorn, located in a suburb of Omaha, was built in 2002 with an addition completed […]

Senior Housing Investments and Acquisitions (2/11/13)

REIT Buys N.C. ALF for $9.7 Million in Sale-Leaseback Transaction with Meridian Meridian Senior Living recently sold an assisted living community to Cornerstone Core Properties REIT Inc., an investment fund of Irvine, Calif.-based Cornerstone Real Estate Funds, for $9.7 million in a sale-leaseback transaction, reports The Business Journal. Danby House is a 100-bed, 27,129-square-foot community […]

Senior Housing Acquisition Round-Up (1/6/13)

Holiday Retirement Acquires Tex. Independent Living Community Holiday Retirement recently announced the acquisition of Colonial Village, an independent living community in Longview, Tex., for an undisclosed amount. Colonial Village has 131 units and features a library, village church, cinema room, emergency call system, covenience store, and a beauty salon/barber shop. Under the Holiday Retirement operating […]

Investment Brokerage Sells $30 Million Worth of Senior Living Properties

Senior Living Investment Brokerage, based in Glen Ellyn, Ill., recently brokered the sale of seven senior living properties across three states for a total of $30,350,000. “All signs point to a surge during the last several months in investor interest in senior living properties.  Buyers are extremely motivated. For skilled nursing facilities as well as seniors housing, […]

Senior Living Firm Brokers $55 Million of Transactions in 9 States

Senior Living Investment Brokerage, Inc., based in Glen Ellyn, Ill., announced on Feb. 3 that it recently brokered the sale of 13 senior living properties across nine states. The total value of the nine transactions was $55,436,000. “Due in large part to the historic lows in interest rates and improved access to financing, acquisition activity […]