by Steve Monroe | Oct 11, 2017 7:02 am | Acquisitions
CBRE sold another First Centrum independent living community in Virginia, a couple of years after selling the developer’s 118-unit Glen Allen (Richmond MSA) community for $25.88 million, or $219,280 per unit. The latest deal featured a 120-unit community in... Read More »
by Steve Monroe | Oct 11, 2017 7:01 am | Acquisitions
When CareTrust REIT announced a spate of deals at the beginning of this month, on top of an already busy year, one deal in particular stood out, mainly for the fact that it did not involve a skilled nursing facility. With a couple of exceptions when the REIT purchased... Read More »
by Steve Monroe | Oct 11, 2017 7:00 am | Acquisitions, Opinion
A sector we have not traditionally covered but has been receiving more and more attention lately is the 55-plus senior apartment market. The property type does not feature the services like a common dining room (with a meal plan) or laundry that distinguishes... Read More »
by Steve Monroe | Oct 10, 2017 9:00 pm | Acquisitions
Ray Giannini of Marcus & Millichap’s Milwaukee, Wisconsin office, along with Associate John Klement, worked on behalf of a local developer to sell a 94-unit senior living community in Savage, Minnesota (Minneapolis MSA). Why sell a community that since opening in... Read More »
by Steve Monroe | Oct 9, 2017 9:17 pm | Acquisitions
Check out our recent senior care M&A transactions! Long-Term Care AcquirerTargetPrice Sagora Senior LivingStorey Oaks of TulsaN/A Owner/operatorEnnis Care Center$4.9 million CareTrust REIT, Inc.3 Virginia assisted living... Read More »