Chicago Pacific Founders Acquires Pittsburgh Portfolio

Chicago Pacific Founders announced its second acquisition for July, following up on its purchase of a senior living community in Scottsdale, Arizona by picking up three senior living communities in the Pittsburgh, Pennsylvania market. One of the communities, in North Versailles, was opened in 2009 and is fully stabilized. The other two were opened more […]

Missouri Operator Goes for Scale in SLIB Sale

A large Missouri-based skilled nursing operator just increased its scale in the region with the purchase of a 136-bed skilled nursing/assisted living facility in Pacific, Missouri. Jeff Binder and Patrick Byrne of Senior Living Investment Brokerage facilitated the transaction, generating eight offers for the facility. Originally built in 1986, the SNF portion features 120 beds […]

Chicago Pacific Founders Acquires Again

A week after it was announced that Chicago Pacific Founders acquired a new senior living community in Conroe, Texas, the firm followed it up with another purchase, this time in Scottsdale, Arizona. Featuring 101 units of independent living and assisted living, the community will now be managed by CPF’s operating subsidiary, Grace Management. The community […]

Cooper City Community Sold to Artemis Real Estate Partners

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 2015 for $2.5 million and developed the community in 2017. Senior Lifestyle Corporation operates the community. Artemis […]

Portopiccolo Makes Another SNF Acquisition

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, Portopiccolo turned to Contemporary Healthcare Capital to closed $1.97 million in […]

CareTrust Invests in Idaho

CareTrust REIT and Cascadia Healthcare expanded their relationship to 12 facilities and 1,013 total beds with the REIT’s acquisition of a brand-new transitional care facility in Nampa, Idaho. This transaction was by no means out of the blue. Cascadia’s development affiliate opened the 99-bed facility in 2017, but before that, CareTrust had made a preferred […]