by Zach Alexander | Nov 10, 2022 5:38 pm | Financings
Lument Securities announced the sale of a Philadelphia-area nonprofit skilled nursing facility. Built in 1973 and renovated with a $3.5 million renovation in 2016, Saunders House comprises 180 beds and sits on 5 acres in Wynnewood, Pennsylvania. The nonprofit used the... Read More »
by Zach Alexander | Nov 9, 2022 10:28 am | Acquisitions
The Prestige Group announced the sale of an assisted living community in Allentown, Pennsylvania. Above & Beyond Senior Living comprises 40 beds on half of an acre. The community also offers both memory care and independent living units. Amenities include outdoor... Read More »
by Zach Alexander | Nov 7, 2022 8:49 am | Acquisitions
Newmark kicked off November with a couple of closings, most notably selling the LivGenerations portfolio in Arizona. Located around the Phoenix market, the four properties feature 546 units of independent living, assisted living and memory care, with an average age of... Read More »
by Zach Alexander | Nov 7, 2022 8:43 am | Acquisitions
Blueprint Healthcare Real Estate Advisors announced the sale of an assisted living community in Arizona. Built in 1987 as a hotel, the property was converted into an assisted living community in 2016. The community comprises 116 units and was operating at 70%... Read More »
by Zach Alexander | Nov 7, 2022 8:33 am | Acquisitions
Omega Healthcare announced the sale of two Florida skilled nursing facilities in Miami and Jacksonville for a combined purchase price of $37.2 million. The facilities were sold to 1990 South Canal Dr LLC, based in Woodmere, Long Island, New York. The LLC is an... Read More »