by Zach Alexander | Mar 9, 2023 4:42 pm | Acquisitions
Westlake Village-based LTC Properties announced it has sold two skilled nursing facilities in the state of New Mexico for a purchase price of $21.3 million, or $90,600 per bed. The sale generated proceeds of $20.8 million, which will be used to pay down the... Read More »
by Zach Alexander | Mar 9, 2023 4:40 pm | Uncategorized
Evans Senior Investments arranged the sale of an assisted living/memory care community in Wisconsin. Located in Madson, the community comprises 120 units and was experiencing financial difficulties due to its high usage of Medicaid waivers when the operator was... Read More »
by Zach Alexander | Mar 9, 2023 4:38 pm | Developments
Sunrise Senior Living announced it has broken ground on its first community in Coral Gables, Florida. Sunrise of Coral Gables is expected to open in the fall of 2024 and will offer 141 units, including 66 independent living, 54 assisted living and 21 memory care... Read More »
by Zach Alexander | Mar 8, 2023 9:23 am | Acquisitions
Evans Senior Investments announced it has arranged the sale of a skilled nursing portfolio in Virginia. The three-property portfolio sits on the shores of the Chesapeake in Virginia and comprises a total of 270 skilled nursing beds in addition to 50 assisted living... Read More »
by Zach Alexander | Mar 8, 2023 9:22 am | Uncategorized
Affordable Housing Investment Brokerage Inc. announced it has arranged the sale of a three-property affordable seniors housing portfolio in the greater Burlington area of Vermont. Built in 1999, Eagle Crest comprises 60 units and is located across the street from the... Read More »