Invesque Expands with Virginia Acquisition

Toronto, Canada-based Invesque (TSX: IVQ) announced it has entered into an agreement to purchase 20 assisted living and memory care communities from Commonwealth Senior Living for $340.4 million, or about $236,400 per unit. All but one of the communities are in Virginia, with one in Pennsylvania. Of the total units, 863 are assisted living, 486 […]

 

 

NHI Expands Comfort Care Partnership

National Health Investors expanded its relationship with Comfort Care Senior Living, adding another Michigan assisted living community to its existing portfolio with the operator. The collaboration began in 2018 when NHI acquired two assisted living communities in Bridgeport and Saginaw, Michigan for $17.1 million, or $164,400 per unit. Those properties, both built within the last […]

 

 

Skyline Healthcare Sells Three Arkansas SNFs

Skyline Healthcare just sold three of its Arkansas skilled nursing facilities to Strawberry Fields REIT for a combined price of $14.3 million, or $32,200 per bed, at an approximate cap rate of 10.7%, based on Q1:19 financials, annualized. Included in the deal was a 120-bed SNF in Newport, the newest of the facilities having been […]

Catholic Charities Community Sale Is Finalized

After being announced earlier this year, the sale of an 83-bed skilled nursing facility in Jaffrey, New Hampshire has closed thanks to Toby Siefert and Nick Cacciabando of Senior Living Investment Brokerage. Originally built in 1976, this facility is only budgeted and staffed for a functional occupancy of 55 beds. That was the choice of […]

Greystone Finances Southeast SNF Portfolio Acquisition

Fred Levine of Greystone successfully arranged bridge financing for the acquisition of seven skilled nursing facilities in the Southeast. Totaling 874 beds, the facilities are located in North Carolina (6) and Kentucky. Their new owner obtained a $71.92 million bridge loan with a 24-month term, two six-month extensions and no prepayment penalty. Greystone expects to […]