| This covers all seniors housing and care acquisitions and financings handled by Cushman & Wakefield, in regard to seniors housing and care. |
San Clemente, California-based CareTrust REIT acquired a memory care community in nearby Escondido (located about 20 miles north of San Diego) and retained the in-place operator Bayshire, LLC, which has managed the property for the seller since 2016. Originally built in 1981 as a skilled nursing facility, the property was converted to memory care and […]
The Tampa-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry followed up on their sale of a 78-bed memory care community in Florida for $19.5 million (as reported in The SeniorCare Investor earlier this month) with the recapitalization of a 114-unit senior living community also located in the southeast. […]
Allen McMurtry, David Kliewer and Paul Carr of Cushman & Wakefield sold a 78-bed stand-alone memory care community on Florida’s east coast for $19.5 million, or $250,000 per bed. The community originally opened with 66 MC beds in 2015 and then recently added 12 more beds to bring the total to 78 beds. Occupancy is […]
It’s been a while since we’ve seen Healthcare Trust Inc. as a buyer in the seniors housing market. Well, the public, non-traded REIT has acquired a 91-unit/117-bed senior living community in San Diego, California, for an undisclosed price. There are 53 assisted living and 38 memory care units (64 beds) in the two-story building, which […]
Allen McMurtry and David Kliewer of Cushman & Wakefield’s Tampa office sold The Barrington of Carmel, a 267-unit CCRC just outside of Indianapolis, Indiana, for $61 million, or $228,500 per unit/bed. The Type A entrance-fee community has 137 independent living units, 56 assisted living units, 26 memory care units and a 48-bed nursing facility. There […]
Details are not in abundance, but if you have the cash and the ability, there are up to four memory care facilities in the Houston, Texas market that are available for a quick sale. Here’s the issue. Bids are due by August 16, and the closing must be by August 30. That means no financing […]
Acting as exclusive advisor to a joint venture between Pike Properties, Thrive Senior Living and Gallium Real Estate, the Cushman & Wakefield team of Richard Swartz, Jay Wagner and Jim Dooley arranged institutional equity capital for a to-be-built senior living community in Montvale, New Jersey. Located on an 11.5-acre site with a spacious 33,000-square foot […]
A 195-unit senior living community still in lease-up just refinanced its construction debt with the help of its advisors: Richard Swartz, Jay Wagner and Jim Dooley of the Cushman & Wakefield Senior Housing Capital Markets team. A partnership between Pike Senior Housing Partners and operator Solvere Senior Living developed the community in Hamilton, New Jersey, […]
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 community provides independent living, assisted living and memory care services under The Waters brand. […]
Senior Living Communities (SLC) secured financing from National Health Investors to purchase and renovate a 248-unit CCRC in Columbia, South Carolina, bringing the REIT’s relationship with SLC to 11 properties with either a long-term lease or a mortgage loan. The $35 million, or $141,100 per unit, purchase price was funded by a draw on NHI’s […]