Transactions LTC completes $160M acquisition LTC Properties (NYSE: LTC) is accelerating its senior housing investment strategy with a $160 million acquisition and divesting two non-senior housing operating portfolio portfolios. The three communities included with the acquisition include one community in Florida that will be operated by Charter Senior Living and two communities in Virginia and […]
SLIB
Transactions Senior Living Residences partners with RiverGlade Capital Senior Living Residences has partnered with RiverGlade Capital, a private equity firm focused on healthcare and healthcare adjacent sectors. Senior Living Residences will “continue to operate under its current name and leadership team, with the acquisition expected to aid in the company’s growth strategy,” a press release […]
Transactions AgeWell retains management of two communities AgeWell Senior Living announced it is retaining management of Sonata Viera and Sonata East at Viera following the successful sale of the two senior living communities. The transaction “marks another milestone in AgeWell’s longstanding relationship with National Healthcare Properties (Nasdaq: NHP) and reinforces the organizations’ shared commitment to […]
Transactions Heartis Mid Cities sold Berkadia announced its involvement in the sale of Heartis Mid Cities, a 178-unit community located in Bedford, Texas. The community is “one of the newest seniors housing communities in its submarket,” and was built in 2018, according to a press release. Senior Managing Directors Ross Sanders, Dave Fasano, Cody Tremper […]
Transactions Five communities sold in three transactions for $455M Harbert Management Corporation announced the sale of five senior living communities across three separate transactions for a total of $455 million. The sale totals 811 units and includes MorningStar of Albuquerque, MorningStar of Wheat Ridge, Carlisle Naples, Tradition Prestonwood Independent Living and Tradition Prestonwood Assisted Living, […]
Transactions SLTC, Sabal Investment Holdings joint venture makes acquisition A joint venture between Senior Living Transformation Company, LLC and Sabal Investment Holdings has acquired two communities. In total, the joint venture will “invest nearly $50 million to acquire the communities and upgrade their physical, technological, and operational infrastructure to better serve their respective markets,” according […]
Transactions National Healthcare Properties closes on $197M transactions National Healthcare Properties (Nasdaq: NHP) closed on a total of $197 million in two transactions. In late June, the real estate investment trust acquired two communities in the Midwest for $98 million. The community will be operated by one of NHP’s existing operating partners, a press release […]
Transactions Benchmark, National Development acquire New York site Benchmark Senior Living and National Development announced the acquisition and financing of a property in East Islip, New York. The site will be developed into Benchmark at East Islip, a 90-unit assisted living and memory care community, planned to open in 2028, according to a press release. […]
This story is part of your SHN+ subscription “Competitive.” “Selective.” “Robust.” “Hot.” “Momentum.” These are some of the descriptions that leaders of senior living brokerage, investment, and lending firms used to describe senior living mergers and acquisitions (M&A) and investment activity at the midpoint of this year. The industry is coming off a record investment […]
Transactions AgeWell expands with seven community transaction AgeWell Senior Living has assumed the management of seven communities across Virginia and South Carolina. The new communities can be found in Berryville, Fishersville and Harrisonburg, Virginia, as well as Camden, Fort Mill, Hartsville and Indian Land, South Carolina, a press release states. The expansion” represents a significant […]
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