FULLERTON, Calif. — Morningside, a 327-unit continuing care retirement community (CCRC) in the Los Angeles suburb of Fullerton, has named Richard Nordsiek as its new executive director.
NEW YORK CITY — Thomas Lally, Alan Litt and Jonathan Litt have launched Monticello Asset Management, an investment advisory firm focused on skilled nursing operators. The new company is based in Manhattan.
MINOT, N.D. — IRET (NYSE: IRET), a REIT based in Minot, has sold a portfolio of eight seniors housing communities totaling 313 units, all located in Idaho. The current tenants, all affiliates of Edgewood Senior Living, purchased the properties for $43.9 million.
HUNT VALLEY, Md. — Second Spring Healthcare Investments, a joint venture between private equity firm Lindsay Goldberg LLC and healthcare REIT Omega Healthcare Investors Inc. (NYSE: OHI), has acquired 64 properties from Welltower for $1.1 billion.
NORTH BRANFORD, Conn. — National Health Investors Inc. (NYSE: NHI), a Tennessee-based healthcare REIT, has agreed to acquire Evergreen Woods, a 299-unit continuing care retirement community in the New Haven suburb of North Branford, for $74 million.
NEW BEDFORD, Mass. — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage, has arranged the sale of Southeast Massachusetts Health & Rehabilitation Center for $4 million.
NORWALK, Conn. — EPOCH Senior Living, a regional operator, has broken ground on EPOCH at Norwalk, a 64-unit memory care community in the New York City suburb of Norwalk.
TOLEDO, OHIO — A joint venture between Cindat Capital Management Limited and Union Life Insurance has purchased a 75 percent interest in a Welltower-owned portfolio of seniors housing properties for $930 million. The acquisition represents Cindat’s first foray into U.S. health care real estate investment.
KATY, Texas — CNL Healthcare Properties has completed the construction of Watercrest at Katy, a 210-unit, 365,000-square-foot independent living community in the Houston suburb of Katy.
PORT RICHEY, Fla. — Summit Contracting Group Inc. has been awarded a contract to build Abigail Court, an $8.9 million affordable seniors housing community in the Tampa suburb of Port Richey.