An affiliate of Welltower Inc. has paid $36.6 million, or $297,561/unit, for StoryPoint Germantown, a 123-unit seniors-housing property in Memphis, Tenn. The Toledo, Ohio, company acquired the property from a venture of Confluent Development of Denver and Harbor Retirement Associates ...
An affiliate of Principal Real Estate Investors has paid $38.5 million, or $276,978/unit for the 139-unit Arbor Terrace Citrus Park Independent Living seniors-housing property in Tampa. The investment manager bought the eight-year-old property, on a nine-acre parcel at 8355 Old ...
Ventas Inc. has paid $63.81 million, or $196,338/unit, for Aston Gardens at Parkland Commons, a 325-unit seniors-housing property in Parkland, Fla., which is just west of Boca Raton, Fla. The Chicago REIT acquired the property from an affiliate of Kayne ...
REBusiness Online Bluhm Family Foundation has broken ground on Marisol, a 214-unit seniors-housing property in Huntington Beach, Calif. The Chicago company is building the property at 2120 Main St., about 35 miles south of Los Angeles. The project has received $252.1 ...
South Florida Business Journal A company managed by local real estate agent Shibu Scaria has paid $17.9 million, or $87,317/bed, for the Residences at Pompano Beach assisted-living facility in Pompano Beach, Fla. Grand Court W Propco LLC, which is led ...
Memphis Business Journal An affiliate of Welltower Inc. has paid $36.6 million, or $297,561/unit, for StoryPoint Germantown, a 123-unit seniors-housing property in Memphis, Tenn. The Toledo, Ohio, company acquired the property from a venture of Confluent Development of Denver and ...
Albany Business Review Centers Health Care Network has sold a portfolio of three nursing homes and rehabilitation centers with a total of 332 beds in the Albany, N.Y., area for $33.1 million. The Bronx, N.Y., company sold the properties to ...
Healthpeak Properties has paid $240 million, or $677,966/unit, for two seniors-living properties with a total of 354 units in the Atlanta suburb of Marietta, Ga. The Denver healthcare property REIT purchased the two from limited liability companies led by Nathan Madigan. ...
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