MEMPHIS, Tenn. — A joint venture between Inspirit Senior Living and Care Investment Trust has acquired Foxbridge, a 120-bed independent living, assisted living and memory care community in Memphis.
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NEW YORK AND TOKYO — SoftBank Group Corp., a Tokyo-based tech conglomerate, has entered into a definitive merger agreement under which the company will acquire equity firm Fortress Investment Group LLC (NYSE: FIG) for approximately $3.3 billion in cash. Fortress is an investor in both independent living giant Holiday Retirement and publicly traded seniors housing REIT New Senior Investment Group.
SUWANEE, Ga. — Caddis, a Dallas-based healthcare real estate developer, plans to soon break ground on Heartis Suwanee, a 175-unit independent living, assisted living and memory care community in the Atlanta suburb of Suwanee. Construction is already underway on a similar community in nearby Fayetteville.