by Zach Alexander | Aug 8, 2022 11:00 am | Acquisitions
Avanath Capital Management has acquired a six-property multifamily and affordable seniors housing portfolio in the Sacramento, California market. The communities sold for $182 million, or $176,400 per unit, and expand the real estate investment firm’s presence in the... Read More »
by Zach Alexander | Aug 8, 2022 10:59 am | Financings
Northmarq has successfully completed a $22 million refinance of a seniors housing property in Croton-on-Hudson, New York. Springvale Apartments is an active adult community that consists of 31 buildings and a total of 524 units on 35 acres overlooking the Hudson... Read More »
by Zach Alexander | Aug 8, 2022 10:57 am | Acquisitions
Kauhale Health has made its first acquisition, adding the assisted living and memory care community Vicinia Gardens of Otsego to its portfolio. Built in 2016, the community comprises 52 units and sits on 5.6 acres just south of Grand Rapids, Michigan. Kauhale... Read More »
by Zach Alexander | Aug 8, 2022 10:52 am | Developments
Sabra Health Care REIT’s plan to diversify its assets away from mostly skilled nursing is underway, with its growing behavioral health portfolio representing a total investment of approximately $730 million with a weighted average cash yield of over 8%. The REIT’s... Read More »
by Zach Alexander | Aug 5, 2022 9:43 am | Acquisitions
Blueprint Healthcare Real Estate Advisors sold five senior care properties across two transactions to start off the month of August. The first transaction was handled by Blake Bozett, who successfully completed the sale of Regency Columbia Village, an assisted living... Read More »