Medical Office
$55M for a Manufactured Seniors Home Community Outside Boston
A privately owned Chicago firm has just purchased Oak Point, a 870-unit seniors manufactured-home community in Middleborough, Mass., for $55 million.
Harrison Grabs 8 Seniors Properties for $125M
Harrison Real Estate Capital, on behalf of Harrison Street Real Estate Partners III L.P., has just completed an off-market transaction for an eight-property seniors-housing portfolio for approximately $125 million.
Seniors Housing on a Tear, Reports Show
Multiple reports out of the seniors-housing sector all seem to be saying the same thing: Things are going very, very well. Studies by NIC MAP and Senior Housing Investment Advisors are both bullish on the sector’s outlook.
Northbridge Breaks Ground on 110-Unit Assisted-Living Project Near Boston
The Northbridge Cos. has just broken ground on Stonebridge at Burlington, a 110-unit assisted living and memory care community on nine acres in Burlington, Mass., approximately 20 miles north of Boston.
Ventas Expands Borrowing Capacity to $2B
Seniors housing and healthcare powerhouse Ventas Inc. expanded its borrowing capacity with the closing of a new credit facility. Subsidiary Ventas Realty L.P. confirmed a $2 billion unsecured, four-year revolving credit facility, replacing a $1 billion facility scheduled to mature in April 2012.
Seniors Housing Portfolio Trades for $52M
With investors’ eyes on seniors housing these days, ownership of a three-property portfolio in Indiana became the latest to trade hands.
Clarion Spends $100M on 3 California Seniors-Housing Communities
Clarion Partners has just ponied up $100 million for three apartment complexes across California, adding 586 units to its portfolio of seniors-housing properties.
Grubb REIT to Acquire 10-Facility Nursing Portfolio for $166.5M
One of the investment vehicles of Grubb & Ellis, the firm’s Healthcare REIT II Inc., has just entered into an agreement to purchase the 10-property Southeastern Skilled Nursing Family portfolio for $166.5 million.
Grosvenor, Kuwait Finance House to Invest up to $600M in Healthcare Properties
Grosvenor Fund Management has just joined forces with Kuwait Finance House to shell out as much as $600 million on the acquisition and development of medical office buildings and private-pay senior living properties across the United States.
Skanska USA Begins $70M Lab and Office Building in Boston Area
Skanska USA has announced a $70 million investment in a laboratory and office building in Cambridge, Mass., capitalizing on the hot medical-property market in the Boston area.