Jason Dopoulos was recently promoted to Managing Director at Lancaster Pollard, after having been with the firm since 2007. With over $1 billion in transaction volume, ranging from bond transactions to mortgage loans for over 100 expansion, new construction and refinance projects. Currently managing Lancaster Pollard’s Newport Beach, California office, Mr. Dopoulos has worked with […]
After owning what is known as the Aston Gardens portfolio in Florida for just two and a half years, Kayne Anderson Real Estate Advisors has sold the six-property portfolio with 1,930 units to a joint venture between Welltower and Canada Pension Plan Investment Board (CPPIB) for $555 million. They will own a 97.5% interest, so […]
The team of Jim Hazzard and Nick Stahler of The JCH Group closed the sale of two assisted living/memory care communities totaling $18.9 million. First up, an owner/operator sold its only senior care asset, an 86-unit AL/MC community in San Bernadino County, for $13.6 million, or $158,140 per unit. Built in 2002, the community featured […]
The joint venture owner of a 283-unit entrance fee CCRC in Brentwood, Tennessee recently reshuffled its ownership, with a minority stakeholder acquiring the 70% share from partner and co-developer, Westminster Capital. Back in 2007, Westminster, Harpeth Green Properties (the current buyer) and LCS developed the community on nearly 50 acres. It featured 217 independent living […]
Asset valuations are out of whack amid continued investor appetite for properties but not companies. I will be honest, sometimes I just don’t get it. I know some of you think I do, but the level of weirdness out there is greater than I have seen in my 30 years covering this sector. In today’s […]
A brand new supportive living facility is set to go up on a 2.5-acre lot in an urban neighborhood around six miles from downtown Chicago. All 120 studio and one-bedroom units will be backed by Illinois’s Supportive Living Program, which is an apartment-style alternative to skilled nursing care for low-income seniors and those with disabilities […]
After a busy year during which it made over $1.55 billion in healthcare acquisitions, Griffin-American Healthcare REIT-III recently made a relatively small deal in central Pennsylvania, acquiring a 120-unit independent/assisted living community in Palmyra for an undisclosed price. Built in 2007, this community was owned by AMC Delancey Group, Inc. and Heritage Senior Living, which […]
Already with three skilled nursing facilities in the state of New York, Vita Healthcare Group (which is based in New Jersey) has in the past seven months worked to grow its presence in the Mid-Atlantic region. Back in June 2015, the company purchased two facilities with 256 total beds in the towns of Columbia and […]
This week can go down as one of the worst we have seen in the seniors housing and care market. Putting aside the nearly $10 billion drop in market value of the healthcare REITs and senior care companies, when analysts start asking HCP, Inc. whether they think HCR ManorCare, its $6 billion tenant (well, now […]
A father and son team is selling their only senior care asset, a 48-unit assisted living/memory care community in North Carolina, for $3.65 million, or $76,042 per unit. Built in 1984, the community features all double-occupancy rooms, with 64 adult care home beds and 32 special care beds. There is certainly room for improvement in […]
