Foundry Commercial and Foster Senior Living Form JV
by Steve Monroe | Jun 5, 2020 8:12 am | Acquisitions | 0 comments
Orlando, Florida-based Foundry Commercial has formed a new joint venture with Missouri-based Foster Senior Living to manage, acquire and develop seniors housing communities. The JV will be known as FSL Senior Living Ventures, LLC, and Kevin Maddron, CFO of Foundry Commercial and long-term player in the senior living... Read More »Evans Senior Investments Wraps Up Michigan Portfolio Sale
by Ben Swett | Jun 5, 2020 8:09 am | Acquisitions | 0 comments
Evans Senior Investments kicked off June with the sale of a seniors housing/skilled nursing portfolio in Michigan. With Welltower’s major sale also coming to light at the start of the month, hopefully that’s a sign of a more fruitful summer for the industry as a whole. The portfolio consisted of two seniors housing/skilled nursing campuses and... Read More »Blueprint Facilitates Royal Senior Care’s Invesque Exit
by Ben Swett | Jun 5, 2020 8:07 am | Acquisitions | 0 comments
Blueprint Healthcare Real Estate Advisors helped Invesque exit its entire Royal Senior Care portfolio. That included the sale of two properties and transition of the other four properties to another existing operating partner. One of the sold properties was a 60-unit assisted living/memory care community in Eatonton, Georgia. Built in 2014 with... Read More »Carnegie Capital Finances Oregon Assisted Living Acquisition
by Ben Swett | Jun 5, 2020 8:06 am | Financings | 0 comments
A portfolio of four assisted living communities in rural Oregon found a new owner with the help of debt arranged by JD Stettin of Carnegie Capital, the seventh transaction closed by Mr. Stettin during the pandemic. Totaling 136 units, the portfolio is being converted to include memory care, and will feature a mix of 60 AL and 85 MC units across... Read More »Seniors Housing M&A Market Comes to Life
by Steve Monroe | Jun 3, 2020 9:20 am | 60 Seconds, Opinion | 0 comments
Welltower’s recent announcement of two portfolio sales at low cap rates during the pandemic bodes well for the market. It has been a quiet past few weeks in the seniors housing M&A market. Last week was the first time we can remember when we have gone an entire week without one announced acquisition. That leaves us worried as to the... Read More »
