• Foundry Commercial Continues Its Expansion

    Foundry Commercial has been an active acquirer this year, particularly in Florida. The company recently bought a seniors housing portfolio comprising three communities in Jacksonville, Titusville and Plant City, Florida, and two in Boynton Ridge and Warner Robbins, Georgia. It closed on the purchase of the three Florida assets in February, and on... Read More »
  • Denver Owner/Operator Acquires Colorado AL Community

    Vince Viverito, Jason Punzel and Jeff Binder of Senior Living Investment Brokerage handled the sale of an assisted living community in Keenesburg, Colorado. Built in 1998, the community was fully occupied and operated at a solid 25% margin. It was the second of three assets that SLIB was tasked with selling in rural Colorado on behalf of the... Read More »
  • Another Firm Commitment Secured Through The Express Lane

    NewPoint Real Estate Capital has received its second firm commitment through the HUD Express Lane program. Back in June, when the Express Lane was launched, NewPoint received the first firm commitment the program had issued. In that transaction, a 54-unit memory care community secured approval in less than a week from submission. In the more... Read More »
  • Interview with Arnie Whitman and Meredith Oppenheim on VITALS

    The SeniorCare Investor’s Ben Swett recently sat down with Meredith Oppenheim and Arnie Whitman to discuss their new framework for seniors housing operators to improve the quality of life for their residents, but also to position the sector for greater success and wider appeal in the future. Watch the conversation here. Read More »
  • Michigan-Based Owner/Operator Expands in Tampa MSA

    American House Senior Living Communities added Beach House Assisted Living & Memory Care in Wesley Chapel, Florida (Tampa MSA), to its operating portfolio and renamed the property American House Wesley Chapel. The community features 67 assisted living and 33 memory care units with studio, one- and two-bedroom floor plans, some with balconies... Read More »

Capital Healthcare Investments Doubles In Size

Capital Healthcare Investments (CHI), a wholly-owned subsidiary of MTGE Investment Corp., a publicly traded hybrid REIT, has purchased a portfolio of nine skilled nursing facilities in Virginia with about 1,050 beds. The transaction almost doubles the size of CHI’s portfolio, which now includes 14 skilled nursing facilities and six mostly assisted living/memory care communities. The purchase price was $130 million, or close to $124,000 per bed. Why the high price? The average age is just 15 years and the occupancy is in the low 90s. Five of the nine properties were built in the past 10 years. The facilities will be leased back to the seller under a 15-year lease with two five-year renewals... Read More »