News

Blueprint Arranges $8M Sale of 118-Bed Skilled Nursing Facility in California

by Jeff Shaw May 2, 2016

SAN MARCOS, Calif. — Blueprint Healthcare Real Estate Advisors, a brokerage based in Chicago, has arranged the $18 million sale of Village Square, a 118-bed skilled nursing facility in San Marcos, approximately 35 miles north of San Diego.

May 2, 2016

Marcus & Millichap Arranges Sale of Two Skilled Nursing Facilities in Iowa for $7.2M

by Jeff Shaw May 2, 2016

WASHINGTON and MUSCATINE, Iowa — Marcus & Millichap has arranged the sale of All-American Care of Washington and All-American Care of Muscatine, both skilled nursing facilities in Iowa, for $7.3 million.

May 2, 2016

News Skilled Nursing

Skyline Healthcare to Buy Nine Skilled Nursing Facilities from AdCare for $55M

by Jeff Shaw May 2, 2016

ATLANTA — Skyline Healthcare LLC will execute a purchase option on the master lease for the nine Arkansas skilled nursing facilities it currently operates for AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA). Skyline will purchase the properties for $55 million.

May 2, 2016

News

Community Development, YES Housing Form $4.5M JV to Acquire, Recapitalize Three Affordable Communities in New Mexico

by Jeff Shaw April 29, 2016

ALBUQUERQUE, LAS CRUCES and ROSWELL, N.M. — The Community Development Trust (CDT), an affordable housing REIT, and YES Housing Inc., an affordable housing operator, have formed a joint venture to recapitalize three YES-operated properties in New Mexico.

April 29, 2016

Assisted Living Development News

Civitas Breaks Ground on 75-Unit Assisted Living Community Near Dallas

by Jeff Shaw April 29, 2016

SUNNYVALE, Texas — Civitas Senior Living has broken ground on Long Creek Assisted Living and Memory Care, a 75-unit community in the Dallas suburb of Sunnyvale.

April 29, 2016

News People

Mainstreet Hires Two VPs and a Director

by Jeff Shaw April 29, 2016

CARMEL, Ind. – Mainstreet, a skilled nursing developer, has added three new hires to its headquarters in the Indianapolis suburb of Carmel.

April 29, 2016

News

Formation Acquires, Rebrands Community in New Jersey

by Jeff Shaw April 29, 2016

TINTON FALLS, N.J. — Formation Development Group and an unnamed second investor has acquired Kensington Court, a seniors housing community in Tinton Falls, approximately 30 miles south of New York City. The price was not disclosed.

April 29, 2016

Development News

Allegro Senior Living Breaks Ground on $45M Luxury Community in Orlando Suburb

by Jeff Shaw April 28, 2016

CASSELBERRY, Fla. — Allegro Senior Living has broken ground on an unnamed luxury seniors housing community in the northern Orlando suburb of Casselberry. Development costs are estimated at $45 million.

April 28, 2016

CCRC Development News

Presbyterian Manors of Mid-America Completes $35M CCRC Expansion in Wichita

by Jeff Shaw April 28, 2016

WICHITA, Kan. — Presbyterian Manors of Mid-America, a nonprofit operator of 18 communities in Missouri and Kansas, has completed a $35 million expansion at Wichita Presbyterian Manor, a continuing care retirement community in Wichita.

April 28, 2016

CCRC Development News

Buckner Retirement Services to Break Ground on $29.8M Expansion, Remodel in Austin

by Jeff Shaw April 27, 2016

AUSTIN, Texas — Buckner Retirement Services is set to break ground on a $29.8 million expansion and remodel at Buckner Villas, a 25-acre continuing care retirement community in Austin.

April 27, 2016

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