by Steph Mallozzi | Jun 20, 2024 2:22 pm | Uncategorized
Foundry Commercial announced the addition of John Reinsma as Deal Principal for its Healthcare business within the Development & Investments platform. In his role, Reinsma, who has spent nearly 20 years in the senior living industry, will lead the development and... Read More »
by Steph Mallozzi | Jun 18, 2024 3:58 pm | Acquisitions
In its first seniors housing acquisition since 2022, according to publicly disclosed deals in LevinPro LTC, PGIM Real Estate is acquiring the real estate and operations of Signature Senior Lifestyle, an owner/operator/developer of seniors housing in the United... Read More »
by Steph Mallozzi | Jun 18, 2024 3:57 pm | Acquisitions
Senior Living Investment Brokerage leveraged an auction process on behalf of a REIT selling a seniors housing community in Meridian, Idaho. The REIT is divesting to exit operations in the state. The buyer is an Idaho-based owner/operator expanding its footprint in the... Read More »
by Steph Mallozzi | Jun 18, 2024 3:56 pm | Acquisitions
The Prestige Group facilitated the sale of a vacant seniors housing community in Milford, Pennsylvania. In the early 1980s a local real estate entrepreneur purchased a former Milford high school and repositioned it to a 220-bed assisted living community. The building... Read More »
by Steph Mallozzi | Jun 14, 2024 3:09 pm | Acquisitions
Kauhale Health, a Midwest-based firm, announced its second acquisition in seniors housing with a deal in Greenville, South Carolina. Built in 2001, The Parker, comprising 66,765 square feet across 3.5 acres, features 74 assisted living and 17 memory care units. Within... Read More »