by Julia DiRubbo | Jan 10, 2022 9:36 am | Acquisitions
Cushman & Wakefield has arranged the recapitalization of two independent living, assisted living and memory care communities in the Hartford, Connecticut MSA. The 225-unit portfolio will be acquired by a joint venture between White Oak Healthcare REIT... Read More »
by Julia DiRubbo | Jan 6, 2022 4:48 pm | Acquisitions
Summit Healthcare REIT is entering Georgia with the acquisition of eight skilled nursing facilities across the state. Purchased for $130 million, or $157,000 per bed, the portfolio comprises 826 licensed beds. That per-bed value is certainly high for SNFs, but these... Read More »
by Julia DiRubbo | Jan 6, 2022 4:39 pm | Financings
It was a banner year for Meridian Capital Group’s Senior Housing and Healthcare Team, which closed more than $5.5 billion in transaction volume in 2021, including $918 million in transactions for 56 seniors housing and healthcare facilities in 16 states over the last... Read More »
by Julia DiRubbo | Jan 6, 2022 4:25 pm | Acquisitions
Real estate investment firm Eagle Arc Partners has purchased a portfolio of three skilled nursing facilities in Massachusetts from an independent owner/operator seeking to exit the skilled nursing industry. The portfolio, which had an 80% average occupancy rate,... Read More »
by Julia DiRubbo | Jan 6, 2022 4:16 pm | Acquisitions
Senior Living Investment Brokerage’s Bradley Clousing and Daniel Geraghty handled the sale of a 98-unit assisted living/memory care community in the Orlando, Florida MSA. Built in 1998, a publicly-traded REIT sold Savannah Grand of Maitland to a regional... Read More »