Assisted Living

FRONT ROYAL, Va. — Summit Healthcare REIT, Inc. has acquired an 84-bed assisted living facility in Front Royal, Va. for a purchase price of $14.3 million.

FT. MYERS, Fla. — On January 26, Senior Living Investment Brokerage, Inc. facilitated the sale of Hidden Oaks, located in Fort Myers, Fla., for $7.5 million. The 64-unit, purpose-built, community features 48 assisted living units and 16 memory care units. Bradley Clousing and Ryan Saul handled the transaction.

Toledo, Ohio-based seniors housing and healthcare real estate giant Health Care REIT (NYSE:HCN) has purchased nine assisted living communities in New England for $360 million, according to The Boston Globe.

IRVINE, Calif. — Griffin-American Healthcare REIT III Inc. has completed the acquisition of 19 healthcare properties for approximately $340 million, including a seniors housing community: Springdale Assisted Living Facility in Springdale, Ark.