Wednesday, December 18, 2024
Read the Magazine Subscribe

Nevada

AcquisitionsCaliforniaNevadaNews

Harrison Street Agrees to Acquire 24 Seniors Housing Assets, Sell 14 Medical Office Properties for $1.6B

by Jeff Shaw

CHICAGO — Chicago-based Harrison Street has entered into a series of transactions under which the company agreed to purchase 24 seniors housing assets and sell 14 medical office properties for a total transaction volume of approximately $1.6 billion. The 24 Class A seniors housing properties comprise 2,195 assisted living and memory care units across California and Nevada. The purchase price was roughly $1.2 billion. Healthpeak Properties Inc. was the seller of 12 communities, while Gallaher Cos. was the seller of the other 12 properties. Oakmont Management Group operates all 24 …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentMemory CareNevadaNews

Oakmont Finishes 31-Unit Memory Care Expansion at Community in Las Vegas

by Jeff Shaw

LAS VEGAS — Oakmont Senior Living has completed an expansion and renovation project at Oakmont of Las Vegas, which included the new construction of 31 memory care units. “Memory care is an essential part of continuity of care and important to families who don’t want to uproot their loved ones should they need to transition to this type of care,” says Melon Rivera, executive director at Oakmont of Las Vegas. The community already offered independent living and assisted living. In addition to the new memory care neighborhood, the multi-million-dollar renovation …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceKeyBankNevadaNewsSkilled Nursing

KeyBank Provides $30.8M in HUD-Insured Financing for Capital Senior Ventures

by Jeff Shaw

LAS VEGAS — KeyBank Real Estate Capital (KBREC) has provided two fixed-rate U.S. Federal Housing Administration (FHA) loans totaling $30.8 million for Capital Senior Ventures. Uses of FHA insured loan proceeds were to refinance a portion of a KeyBank-agented senior secured interim bridge financing. The properties are two skilled nursing facilities in Las Vegas – Silver Hills and Silver Ridge Health Care Centers — that are operated by Covenant Care. Silver Hills, originally built in 1998 and renovated in 2013, comprises 150 operating beds (80 units) and provides physical, speech …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaNevadaNewsWashington

Aegis Living, Blue Moon Capital Buy Seniors Housing Portfolio in Western US from Healthpeak for $350M

by Jeff Shaw

BELLEVUE, Wash. and BOSTON — Aegis Living, a seniors housing owner and operator based in Bellevue, has acquired 10 properties from Healthpeak Properties Inc. (NYSE: PEAK). Aegis already operated the communities under a lease agreement with Healthpeak Properties, a Denver-based real estate investment trust (REIT). Aegis’ joint venture partner on the $350 million acquisition is Blue Moon Capital Partners LP, a Boston-based private equity investor in the seniors housing sector. The portfolio is located in Washington, California and Nevada, totaling 702 units of assisted living and memory care. The acquired …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentNevadaNews

Investcor, Integral to Build 90-Unit Community in Sparks, Nevada

by Jeff Shaw

SPARKS, Nev. — Operator Integral Senior Living (ISL) and owner Investcor Development plan to break ground this month on an assisted living and memory care community in Sparks, a suburb of Reno. Spanning 74,000 square feet, the property will feature 66 assisted living units and 24 memory care units. While the development has not yet been named, it will be located within Kiley Ranch, 675 acre master-planned development that includes a business park, retail/commercial district and residential neighborhoods surrounding a village center. The seniors housing development is scheduled for completion …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaFinanceNevadaNewsSkilled NursingWashington

Harborview, Meridian Arrange $93.7M in Financing for 19-Property Skilled Nursing Portfolio in the West

by Jeff Shaw

NEW YORK CITY — Harborview Capital Partners and Meridian Capital Group’s Senior Housing and Healthcare team have arranged $93.7 million in financing to a West Coast-based operator. The financing funded the acquisition of the real estate and operations of six nursing facilities and the leasehold rights of 13 additional facilities in California, Washington and Nevada. The $93.7 million loan consists of $65.7 million of senior financing and an additional $28 million revolver provided by a commercial bank. The portfolio consists of 14 nursing facilities in California, four in Washington, and …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaFinanceNevadaNewsSkilled NursingWashington

CIT Arranges Financings Totaling $93.7 Million for New Generation Health, Genesis Healthcare

by Jeff Shaw

NEW YORK CITY — CIT Group Inc. (NYSE: CIT) has served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington between New Generation Health LLC and affiliates of Genesis Healthcare Inc. New Gen, a healthcare consulting firm specializing in the operation of skilled nursing facilities in the Western portion of the United States, will provide management and/or consulting services for the 19 healthcare facilities. Affiliates of Genesis will continue to provide certain administrative, back-office and therapy services to the facilities. …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaNevadaNewsWashington

Welltower Agrees to Sell Western Portfolio for $740M

by Jeff Shaw

TOLEDO, Ohio — Welltower (NYSE: WELL) has agreed to sell a portfolio of seniors housing properties in California, Nevada and Washington for more than $740 million. The announcement was made on the company’s fourth-quarter earnings call on Wednesday, Feb. 12. Very few details have been released, however, with Welltower not disclosing the names, locations, buyers or number of properties. The portfolio was 97 percent occupied with a net operating income of $36.7 million in 2019.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts