by Steve Monroe | May 7, 2019 12:14 pm | Acquisitions
Griffin-American Healthcare REIT IV found a new operator in Meridian Senior Living for three of its northern California communities. Acquired as part of a five-property portfolio acquisition in June 2017 from Nazareth Healthcare, these communities were then leased to... Read More »
by Steve Monroe | May 6, 2019 12:07 pm | Acquisitions
Check out our recent senior care M&A transactions! Long-Term Care AcquirerTargetPrice CareTrust REIT, Inc.Lakewest Rehabilitation & Skilled Care$9.06 million The Ensign Group, Inc.2 AZ senior care campusesN/A National Health Investors, Inc.Hampton Manor of... Read More »
by Steve Monroe | May 6, 2019 7:01 am | Acquisitions
HCP, Inc. caused a stir this month with a couple of large acquisitions totaling $558 million. The industry hasn’t seen that kind of large-scale activity in some time, as many of the REITs seemed to be biding their time, at least for big acquisitions. Occupancy woes,... Read More »
by Steve Monroe | May 6, 2019 7:00 am | Acquisitions
CareTrust REIT just keeps on growing, adding its 212th net-leased property to its portfolio. The target, a 118-bed skilled nursing facility in Dallas, Texas, sold for approximately $10.0 million, or about $84,750 per bed, inclusive of transaction costs. The land it... Read More »
by Steve Monroe | May 3, 2019 3:49 pm | Acquisitions, Financings
Maryland-based operator of senior care facilities across the Mid-Atlantic, Sterling Senior Care, acquired another Maryland skilled nursing facility, following its 2018 acquisition of a 129-bed Boonsboro facility for $15.55 million. The most recent transaction featured... Read More »