Acquisitions Sienna, Sabra Finalize Deal to Buy 11 Canadian Communities Sienna Senior Living (TSX: SIA) announced it has with Sabra Health Care REIT finalized the acquisition from Extendicare (TSX: EXE.TO) of a 50% ownership stake in a portfolio of 11 senior living communities located throughout the Canadian provinces of Ontario and Saskatchewan. The 11 communities […]
Sienna Senior Living
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Financings MidCap Financial Closes Loan for South Carolina Community MidCap Financial announced that it has closed a $20.5 million floating-rate first mortgage loan with Valeo Groupe Americas. The loan facilitated the recapitalization of Vineyard Bluffton, a Class A senior housing community in Bluffton, South Carolina, with 96 assisted living and memory care units. Transactions Juniper […]
Sienna Senior Living (TSX: SIA) is growing in Canada thanks to a new strategic joint-venture agreement with Sabra Health Care REIT (Nasdaq: SBRA). Leaders with the Markham, Ontario-based operator announced Thursday an agreement to acquire from Extendicare (TSX: EXE.TO) a 50% ownership stake in a portfolio of 11 Esprit senior living communities located in Ontario […]
Sienna Senior Living (TSX: SIA) is giving its employees the opportunity to become literal stakeholders in the company. The Markham, Ontario-based operator on Thursday announced the launch of Sienna Ownership and Reward, or “SOAR,” a program which will reward full- and part-time employees with common shares of stock, giving them an ownership stake in the […]
Lifespace Communities continues to make progress in its efforts to streamline its portfolio for growth. The West Des Moines, Iowa-based nonprofit continuing care retirement community operator announced it is turning over ownership and management of two campuses — Deerfield, in Des Moines, Iowa; and Grand Lodge at the Preserve in Lincoln, Nebraska — to Immanuel […]
Masterpiece Living and 3 AgeWell Living communities form strategic partnership Masterpiece Living partnered with three communities operated by AgeWell Living: The Crossings at Eastchase in Montgomery, Alabama; The Crossings at Iron Bridge in Chester, Virginia; and The Chamberlain in Hampton, Virginia. Cushman & Wakefield advises on $37.1M financing for South Carolina assisted living community Cushman […]
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]
Senior housing has so far managed to weather Covid-19 better than some feared, according to Rick Matros, CEO of Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). However, he emphasizes that more testing is needed to keep the senior housing communities safe and secure — particularly because Covid-19 has spread through Sabra’s buildings in odd […]
Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]
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