FITCHBURG, Mass. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Valley Stream Rehabilitation and Healthcare Center, an 87-bed skilled nursing facility in the Boston suburb of Fitchburg, for $4 million.
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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.
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.