by Steve Monroe | Jul 10, 2019 6:00 am | Acquisitions
Artemis Real Estate Partners recently acquired a 120-unit assisted living/memory care community in Cooper City, Florida (Broward County) for approximately $37.5 million, or $312,500 per unit. AEW Capital Management was the seller, having purchased the original site in... Read More »
by Steve Monroe | Jul 9, 2019 2:54 pm | Financings
Cushman & Wakefield acted as the exclusive advisor to a joint venture between The Waters Senior Living and Harrison Street Real Estate Capital on the refinance of their 136-unit senior living community in White Bear Lake, Minnesota. Developed in 2016, this... Read More »
by Steve Monroe | Jul 9, 2019 2:49 pm | Developments, Financings
With Baby Boomers still too young to move into most seniors housing communities and labor costs growing, many companies see opportunity in the active adult market, which some view as a largely untapped market. We’ll have to see how “under the radar” these assets will... Read More »
by Steve Monroe | Jul 8, 2019 6:00 am | Opinion
Last week, we discussed the stock performance of the seniors housing and healthcare providers. Now, it’s the healthcare REITs’ turn. Overall, it was a good first half of the year, with all of them posting price increases, with the exception of Senior Housing... Read More »
by Steve Monroe | Jul 8, 2019 5:59 am | Acquisitions, Financings
The Portopiccolo Group just made its third skilled nursing acquisition of the year, making it one of the most prolific buyers in that space in 2019. Its most recent target was a 150-bed skilled nursing facility in Virginia Beach, Virginia. To fund the acquisition,... Read More »