LEBANON, Ind. — Strawberry Fields REIT LLC has acquired Hickory Creek at Lebanon, a 64-bed skilled nursing facility in the Indianapolis suburb of Lebanon, for $1 million.
AURORA, Colo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Sable Care and Rehabilitation Center, a 120-bed skilled nursing facility in the Denver suburb of Aurora, for $5.4 million.
CHICAGO — Focus Healthcare Partners LLC, a Chicago-based private real estate investment firm targeting the seniors housing sector, has closed its first discretionary investment fund, Focus Senior Housing Fund I LP.
MARGATE, N.J. — Sims Mortgage Funding, a subsidiary of HJ Sims, has arranged a $6.4 million HUD loan for Margate Terrace, an affordable seniors housing community in Margate, a beach community near Atlantic City.
ORANGE, Calif. — Cadence Senior Living has acquired Kirkwood Orange, an assisted living and memory care community in Orange, Calif., located southeast of Los Angeles.
BLOOMINGTON, Ind. — Five Star Senior Living Inc. (NASDAQ: FVE) has completed a new short-term rehabilitation center at Meadowood Retirement Community in Bloomington.
Owners, operators must change with the times, but only with careful planning.
Head of publicly traded investment firm mixes opportunistic approach with a rebellious style.
Patrick McGee of Dallas-based Abby Development, an owner and operator of luxury seniors housing communities, says secondary markets lack the kind of high-end seniors housing found in big cities.
Many owner-operators are enjoying pent-up demand for new senior living communities far from major metros.