Sunwest Management Assets To Be Auctioned Off In May
U.S. District Court Judge Michael Hogan has approved bidding procedures for the sale of 149 seniors housing facilities operated by Sunwest Management, paving the way for a bankruptcy auction to be held on or about May 17....
Life Care Services Acquires Wyndemere Senior Living Community
Life Care Services LLC, a seniors housing owner and operator serving more than 23,000 residents in 28 states, has acquired Wyndemere Senior Living Community in Wheaton, Ill., for an undisclosed sum....
Uneven Seniors Housing Recovery Taking Shape, Says NIC
Is the seniors housing market stabilizing? The latest data offers conflicting signals as occupancies continue to decline but rents cling to slightly positive gains, ...
Behringer Harvard Delves into Seniors Housing
The seniors housing field just got more cramped. Dallas-based Behringer Harvard, which has interests in or manages more than $10 billion in commercial...
Behringer Harvard Makes Foray into Seniors Housing with Acquisition
Behringer Harvard, which has interests in or manages more than $10 billion in commercial real estate assets, has made its first seniors housing purchase and is poised to buy more age-restricted properties. ...
Mega-Deal: Tryko, ManagCare Pay $22.2 Million For Chicago Nursing Home
In a blockbuster deal, a joint venture has paid $22.2 million for Lake Shore Healthcare & Rehabilitation Centre, a nursing home located on Chicago’s north side. ...
West Living Acquires Two Senior Living Communities in All-Cash Deals
West Living LLC has acquired McDowell Village, a 197-unit independent living community in Scottsdale, Ariz., and Castle Hill Retirement Village, a 146-unit independent and assisted living community in Thousand Oaks, Calif. for an undisclosed sum....
New Beginning for Erickson Following Bankruptcy Auction
After an 18-hour bankruptcy auction in December, Redwood Capital Investments emerged as the winner with a bid of $365 million for Erickson Retirement Communities, a financially troubled company that also happens to be one of the top brands in the seniors housing business. ...
Troika of Fannie, Freddie and HUD Keep Lending Market Alive
Government-backed loan programs will continue to be a rich source of capital this year for seniors housing, making it the bright spot in the commercial real estate sector. ...
Continuing Care Retirement Community to Open in Greater Los Angeles
Fountainview at Eisenberg Village, a new continuing care retirement community in Reseda, Calif., will open its doors for charter members beginning Monday, Feb. 15. ...
New Beginning for Erickson Retirement Communities
After an 18-hour auction, Redwood Capital Investments emerged as the winner with a bid of $365 million for Erickson Retirement Communities, a company...
Many Seniors Struggle to Pay the Rent, Study Shows
Residents of age-restricted buildings generally don’t have enough income to cover the rent, according to a new study by the Center for Retirement Research. ...
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