by Julia DiRubbo | Nov 12, 2021 9:16 am | Developments
Essex Corporation, a national developer, contractor and operator of active adult and independent living communities, has broken ground on a new community in South Dakota. The completed project, set to open in spring 2023, will be called The Parkwood and will feature... Read More »
by Julia DiRubbo | Nov 9, 2021 4:37 pm | Acquisitions
Providence Group has acquired Plum Healthcare Group, California’s second-largest skilled nursing facility operator, in an effort to expand Providence’s reach in the western United States. The deal includes Plum’s 58 properties that sold for an undisclosed amount,... Read More »
by Julia DiRubbo | Nov 9, 2021 4:34 pm | Developments
In its third quarter earnings report, Omega Healthcare Investors (OHI) revealed a $68 million property purchase in Washington, D.C. for a major seniors housing development. The existing 173,932-square-foot building was previously home to The Fairfax Embassy Row, a... Read More »
by Julia DiRubbo | Nov 5, 2021 5:07 pm | Financings
CIBC Bank closed transactions for two portfolios, comprising a total of seven seniors housing and care communities. CIBC first closed a $73.4 million acquisition loan for a four-property portfolio in eastern Pennsylvania, including a total of 675 skilled nursing beds... Read More »
by Julia DiRubbo | Nov 5, 2021 5:04 pm | Acquisitions
Evans Senior Investments represented a not-for-profit seeking to exit the long-term care business in the divestment of its 129-bed skilled nursing facility, with an 18-unit independent living component, in Chicago, Illinois. The buyer was a Chicago-based... Read More »