Senior Living Investment Brokerage Sells 2 Texas SNFs for $2.8 Million Senior Living Investment Brokerage, Inc. announced recently that Matthew Alley, the firm’s managing director, sold a $2.825 million portfolio of two skilled nursing facilities comprising 146 beds in Lamesa and Eastland, Texas. The Lamesa facility was purchased by a Texas operator that will own […]
Senior Living Investment Brokerage
Marcus & Millichap Announce $13.8 Million Sale of Ohio ALF Mark Myers, Joshua Jandris and Charles Hilding of Marcus & Millichap Institutional Property Advisors represented the seller in a transaction that closed recently, involving an 82-unit assisted living and memory care facility in Canton, Ohio. The Landing of Canton was sold by a private seller […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
Vintage Senior Living Acquires Culver City, California Community Vintage Senior Living — a family of communities offering independent, assisted living and memory care options across Southern California, Northern California and Washington state — has acquired Grandview Palms, a senior living community in Culver City, Calif. The community has transitioned operations and ownership to Vintage Senior […]
The Ensign Group Acquires Colo. Post-Acute Care Campus The Ensign Group, Inc. (Nasdaq:ENSG) acquired Riverwalk Post-Acute and Rehabilitation, a 60-bed skilled nursing operation; Rock Canyon Respiratory and Rehabilitation Center, an 81-bed skilled nursing operation with a subacute unit; and the Villas at Rock Canyon, a 17-bed independent living and assisted living operation. Each of these […]
Chelsea Jewish Foundation Announces Merger with Aviv Centers The Boards of Directors of the Chelsea Jewish Nursing Home Foundation, Inc. (CJF) and Aviv Centers for Living, Inc. recently announced that the two organizations are combining to serve seniors north of Boston. Together, they will become the largest senior living nonprofit organization on the North Shore, […]
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 […]
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 Announces $5 Million Skilled Nursing Acquisition Aviv REIT, Inc. (NYSE: AVIV) announced recently it acquired a skilled nursing facility in Greenville, Ky., for $4.6 million. The property is triple-net leased to existing Aviv operator Diversicare at an initial cash yield of 10%, for a term of 14 years. Diversicare operates 52 facilities in […]
Ide Management Group Sells Portfolio for $63 Million Ide Management Group has sold its portfolio of 19 communities located in Indiana and Iowa to a Midwest owner/operator for $63 million. The total portfolio included 1159 skilled nursing beds. Overall occupancy is 80% with approximately 12% Medicare and 10% private pay. A couple of the communities […]
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