Greystone Arranges Tulsa Transaction

National Health Investors announced a one-off acquisition of a 200-unit independent/assisted living community in Tulsa, Oklahoma, paying $34.6 million, or $173,000 per unit. Originally built in 1987 by a local real estate developer, the community was previously owned and operated by Triad Senior Living, which manages over 1,000 senior living units across Oklahoma, Illinois and […]

Everything’s bigger in Texas

In one of the larger financings seen so far this year, KeyBank Real Estate Capital recently provided a total of $202.1 million in Freddie Mac loans to refinance a portfolio of five independent living communities in Texas. Owned by a joint venture between Kayne Anderson Real Estate Advisors and Discovery Senior Living (which purchased it […]

Welltower’s half-billion-dollar buy

After owning what is known as the Aston Gardens portfolio in Florida for just two and a half years, Kayne Anderson Real Estate Advisors has sold the six-property portfolio with 1,930 units to a joint venture between Welltower and Canada Pension Plan Investment Board (CPPIB) for $555 million. They will own a 97.5% interest, so […]

RED Capital fueling Discovery Senior Living

RED Capital Partners is helping to fuel the growth of one Florida seniors housing developer with six to 10 properties in the works in the Sunshine State. Discovery Senior Living currently manages and partially owns (through its affiliate Discovery Management Group) six large “Aston Gardens” independent living communities in Florida, and the company took over […]