Real estate investment and development firm MedCore Partners has acquired a seven-property senior living portfolio operated by Senior Services of America (SSA), and has ambitions to do similar value-add, middle-market deals going forward. The 582-unit portfolio consists of five properties in Washington state and two in California, offering a mix of independent living, assisted living […]
Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]
Senior Living Investment Brokerage Facilitates 2 $30 Million Sales In two separate transactions, Senior Living Investment Brokerage facilitated the sale of nine assisted living facilities and five senior housing communities for $29.5 million and $29.125 million, respectively. The first transaction, the Autumn Grove Cottage portfolio, consists of nine assisted living communities with a focus on […]
