A New York-based developer is close to completing the acquisition of a former Sheraton hotel in downtown Fort Myers, Fla. it plans to convert into luxury senior living. Bob MacFarlane, principal of 46 Pittman LLC, dba The Pittman Group, told the News-Press the acquisition is expected to close by Friday, at which point the developer […]
Validus Senior Living
NHI Buys Senior Living Campus for $12 Million National Health Investors, Inc. (NYSE: NHI) announced last week a $12 million acquisition of a 120-unit retirement community in Rainbow City, Ala. Built in 2003, the Regency Point Retirement Community contains 72 rental independent living units, 36 assisted living units and 12 memory care units, altogether having […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers this week: 1. Senior housing industry veterans launch new investment advisory firm—A group of industry veterans have launched a new investment advisory that will be focusing on the senior housing and healthcare sectors. 2. Chicago’s tech scene buzzing with senior […]
A subsidiary of an Florida-based investment group has made its first senior living purchases with the acquisition of two memory care communities in Florida, with an agreement to buy a third community that’s currently under construction and plans for a development pipeline of several more. Validus Senior Living was formed as a subsidiary of private […]