News

AMS Acquisitions Buys Gillette Towers in New Jersey for $13M

by Jeff Shaw May 17, 2019

SAYREVILLE, N.J. — AMS Acquisitions LLC, a New York City-based real estate investment firm, has purchased a seniors housing community in Sayreville, just across Raritan Bay from Staten Island, for $13 million.

May 17, 2019

Assisted Living Finance Florida News

CIT Arranges $64M Refinancing for Assisted Living Portfolio in Florida

by Jeff Shaw May 17, 2019

CLERMONT, STUART and TAVARES, Fla. — CIT Group’s Healthcare Finance division has served as sole lead arranger for a $64 million loan for three assisted living facilities in Florida.

May 17, 2019

Assisted Living Florida News Operations

KR Management Takes Over Operations of Assisted Living Property in Florida

by Jeff Shaw May 17, 2019

WELLINGTON, Fla. — Florida-based senior living and rehabilitation services provider KR Management LLC is the new licensed operator of The Addington at Wellington Green in Wellington.

May 17, 2019

Development News Pennsylvania

Benchmark Starts Renovations at Community in West Chester, Pennsylvania

by Jeff Shaw May 17, 2019

WEST CHESTER, Pa. — Benchmark Senior Living has started a multimillion-dollar renovation project at Wellington at Hershey’s Mill, and independent living, personal care, skilled nursing and rehabilitation community in West Chester, approximately 25 miles west of Philadelphia.

May 17, 2019

Acquisitions Company News News Texas

Civitas Senior Living Buys Office Building in Fort Worth for New Headquarters

by Jeff Shaw May 17, 2019

FORT WORTH, Texas — Civitas Senior Living has purchased a building in Fort Worth’s Upper West Side to serve as its permanent corporate headquarters.

May 17, 2019

Acquisitions Finance News Virginia

CBRE Arranges $65.2M Acquisition Financing for CCRC in Virginia

by Jeff Shaw May 16, 2019

FAIRFAX, Va. — CBRE has arranged $65.2 million in financing for the acquisition of The Virginian, a 306-unit continuing care retirement community (CCRC) in Fairfax. BMO Harris Bank’s Healthcare Real Estate Finance group provided the capital

May 16, 2019

Development Florida News

American House, Prevarian Senior Living Break Ground on 165-Unit Project in Florida

by Jeff Shaw May 16, 2019

ST. PETERSBURG, Fla. — American House Senior Living Communities and co-developer Prevarian Senior Living have broken ground on American House St. Petersburg, an independent living, assisted living and memory care community in St. Petersburg.

May 16, 2019

Acquisitions California News Skilled Nursing

Senior Housing Properties Trust Sells Three Skilled Nursing Facilities in California

by Jeff Shaw May 16, 2019

VAN NUYS, THOUSAND OAKS and LASALETTE, Calif. — Senior Housing Properties Trust (NASDAQ: SNH) has sold three skilled nursing facilities in California as part of a previously announced restructuring plan.

May 16, 2019

Development Florida News

Acts Completes $6M in Renovations to Two Communities in Boca Raton

by Jeff Shaw May 16, 2019

BOCA RATON, Fla. — Acts Retirement-Life Communities has completed two renovation projects totaling more than $6 million to two of its communities in Boca Raton.

May 16, 2019

Acquisitions Assisted Living News Texas

SLIB Negotiates Sale of 40-Unit Community Near Austin

by Jeff Shaw May 16, 2019

PFLUGERVILLE, Texas — Senior Living Investment Brokerage has arranged the sale of Heatherwilde Assisted Living, located in the Austin suburb of Pflugerville.

May 16, 2019

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