News

Civitas Capital Group Acquires 288-Unit Territory At Greenhouse Luxury Apartment Community In Houston's Energy Corridor

August 11, 2021, MultifamilyBiz.com - Civitas Capital Group, a Dallas-based global alternative investment manager offering niche opportunities in U.S. real estate, has acquired Territory at Greenhouse, a 288-unit, 13-building, garden-style luxury apartment complex in West…

U.S. Senate Introduces Bill To Enhance Medicaid Funding, Establish Staffing Minimums

August 10, 2021, Amy Stulick, Skilled Nursing News - Six U.S. senators have introduced the Nursing Home Improvement and Accountability Act of 2021, which…

Capital Senior Living Butting Heads

August 10, 2021, Steve Monroe, The SeniorCare Investor - A few weeks ago, we wrote about the proposed recapitalization of Capital Senior Living.  This will give effective control to the investor, Conversant Capital, and result in a lot of dilution to existing shareholders.  The investment…

Immanuel Purchases Two Lifespace Communities In The Midwest

August 10, 2021, Ben Swett, The SeniorCare Investor -  Immanuel Communities, a not-for-profit owner of senior living communities, is extending its reach in the Midwest market with its recent purchase of two communities in Iowa and Nebraska from another not-for-profit, Lifespace…

PruittHealth Among Latest SNF Operators To Mandate Staff Vaccination

August 9, 2021, Amy Stulick, Skilled Nursing News - Georgia-based operators PruittHealth, Community Health Services of Georgia (CHSGa) and A.G. Rhodes on Monday announced all employees across the three companies will be required to get the COVID-19 vaccine as a term of employment.

Low…

Kandu Capital Can Do It Again

July 30, 2021, Ben Swett, The SeniorCare Investor - Last month we reported on the sale of two senior living communities in South Carolina by Kandu Capital and its operating affiliate Bloom Senior Living.  They did well on the sale, especially at the tail end of COVID,…

Welltower Announces Big Census Gains

July 30, 2021, Ben Swett, The SeniorCare Investor - Welltower released its second-quarter earnings results, and its growth strategy was on full display with $1.5 billion in pro-rata gross investments from April to June, at an initial yield of 8.8%.  That does not even include…

Scarp Ridge Real Estate Partners Is Launched

July 23, 2021, Steve Monroe, The SeniorCare Investor - If you believe that the worst of the pandemic is behind us, and that after all the distress of the past 15 months opportunity abounds, then you want to be an investor in seniors housing.  That is just part of the thinking of the partners…

Diversified Healthcare Trust Transitioning 66 Communities

July 20, 2021, Ben Swett, The SeniorCare Investor - A few months ago, Diversified Healthcare Trust announced it would transition 108 of 228 senior living communities managed by Five Star Senior Living to new operators.  It has now found three operators to take over…

Evergreen Real Estate Completes Affordable Housing Project

July 19, 2021, Ben Swett, The SeniorCare Investor - Ravenswood Senior Living, a 193-unit affordable seniors housing development in Chicago's Ravenswood neighborhood, was recently completed by Evergreen Real Estate Group (Evergreen), Synergy Construction Group (Synergy)…