The Latest News

AdCare Health Systems Leases Two Facilities in Georgia

ATLANTA — AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), a long-term care provider, has signed an agreement with affiliates of Wellington Healthcare Services, an operator of long-term care facilities, to lease two of its skilled nursing facilities in Georgia. The move is part of AdCare’s ongoing strategic plan to transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company.

Seniors Housing Expected to Outperform Again in 2015

With seniors housing property sales in 2014 hitting $17 billion - exceeding the $15 billion recorded last year - industry executives predict no slowdown in the acquisitions market in the year ahead. Capital continues to flood the sector from established and new players alike, as property prices are expected to continue to rise amid fierce competition for trophy facilities.

Tagged under

Skagit Valley Senior Village Sold for $35M

BURLINGTON, Wa. — A joint venture between Artemis Real Estate Partners and Chicago-based Focus Healthcare Partners LLC has sold Skagit Valley Senior Village, a 198-unit senior housing facility located in Burlington, Wa. Burlington is approximately 60 miles north of downtown Seattle. The property sold for $35 million.

Capital Health Group Joint Venture to Build 64-Bed Memory Care Facility in Fla.

ST. AUGUSTINE, Fla. — Capital Health Group, LLC and Fortress Ventures, LLC have formed a joint venture to develop a 64-bed, market-rate memory care community on 9 acres of land located at 840 State Road 16 in St. Augustine. The land was purchased by the venture in December and the new facility is scheduled to open in the second quarter of 2016.

Tagged under
Subscribe to this RSS feed

More News