Communities
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Civitas Senior Living Announces Development Plans for Dripping Springs / Southwest Austin
The company plans to own, operate, and manage, Ledgestone Senior Living, a Senior Lifestyle Apartment community offering Independent and Assisted Living Apartments along with a Memory Care Cottage in Dripping Springs, the southwest area of Austin. AUSTIN, Texas, Civitas Senior…
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Brookdale Announces Second Quarter 2015 Results
NASHVILLE, Tenn., Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale” or the “Company”) today reported financial and operating results for the second quarter of 2015. Highlights included: Cash From Facility Operations (“CFFO”) of $0.60 per share for the second quarter of…
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Bascom Closes 344-Unit Senior Apartment Community in Fontana, California
IRVINE – The Bascom Group, LLC (“Bascom”) has acquired the Courtyard Senior Apartments, a 344-unit independent living senior apartment community located at 8185 Palmetto Avenue in Fontana, California for $31,150,000, or$90,552 per unit. Gary Mozer and Katie Rodd of George…
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HealthSouth And St. John Health System Announce Joint Venture To Operate Inpatient Rehabilitation Hospital In Broken Arrow, OK
BIRMINGHAM, Ala. and TULSA, Okla – HealthSouth Corporation (NYSE: HLS) and St. John Health System have formed a joint venture to own and operate a 40-bed inpatient physical rehabilitation hospital. Initially, the joint venture will own and operate The Bernsen…
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Final Phase of Dallas Senior Living Community Opens with Help of Affordable Housing Grant
The final phase of Lakewest Assisted Living opened June 23, 2015, in Dallas, thanks in part to a $500,000 Affordable Housing Program (AHP) grant from Amegy Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). DALLAS, – The…
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Windward Health Partners Portfolio Company Sells Texas Assisted Living Facility
TAMPA, Fla., – Windward Health Partners, a Tampa-based private investment and holding company, today announced that its portfolio company, RWS Healthcare, has had a successful exit with the sale of The Arbor Assisted Living Facility in Nacogdoches, Texas. Windward Health…
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Genesis HealthCare To Acquire 24 Skilled Nursing Facilities From Revera
Genesis to also acquire Revera’s contract rehabilitation business KENNETT SQUARE, Pa., – Genesis HealthCare (Genesis), one of the nation’s largest providers of post-acute care, today announced that it has signed an asset purchase agreement with Revera Inc. (Revera), a leading…
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Arcapita Sells US Real Estate Portfolio for $640 Million
MANAMA, Bahrain, Arcapita, the global investment management firm, announced today the sale of a real estate portfolio of senior care communities with over 16 facilities and approximately 4,000 residential units located across the United States. The portfolio was sold to…