Transactions
American Healthcare REIT acquires 4 communities
Cogir Administration and American Healthcare REIT have expanded their relationship with the acquisition of 4 extra communities in Washington.
In line with a press launch, the portfolio consists of 207 assisted residing and reminiscence care items and permits Cogir to function in Washington, California, Utah and North Carolina for AHR.
Cogir and AHR have been partnered since 2019. The acquisition will increase the full communities Cogir manages to 22 in Washington and 84 throughout the nation.
Blueprint introduced it bought a single-site neighborhood in Memphis, Tennessee on Sept. 5.
In line with a press launch, the neighborhood was constructed within the Nineties and has a historical past of secure occupancy and margin, however had efficiency declines brought on by the Covid pandemic.
The discharge states the chosen bidder is a Buffalo, New York-based owner-operator in search of to broaden its southeastern geographic footprint.
Senior Dwelling Funding Brokerage introduced it bought a 65-unit assisted residing neighborhood in Owensboro, Kentucky on Aug. 30.
The neighborhood is ready on 1.7 acres and was inbuilt 2001.
In line with a press launch, the vendor was a northeast-based proprietor who not too long ago bought a big expert nursing portfolio in Kentucky, and the customer is a big regional proprietor/operator trying to broaden their presence all through the southeast.
Administration
Pegasus assumes administration of ‘Legacy’ LifeWell communities
Pegasus Senior Dwelling assumed administration of eight communities in Texas and New Mexico beforehand operated underneath LifeWell Senior Dwelling’s “Legacy” model.
In line with a press launch, the communities complete 652 items.
“These are well-designed communities serving key markets in Texas and New Mexico. As a Texas-based operator devoted to enhancing all lives with kindness and integrity, this transaction is essential as we concentrate on increasing our progress all through the state and the Southwest,” Chris Hollister, chair, co-founder and CEO of Pegasus stated within the launch.
Onelife Senior Dwelling has taken over administration of Belmare Senior Dwelling in Oakdale, California, changing into the corporate’s fifteenth neighborhood.
In a press launch, Onelife CEO Dan Williams stated the corporate is dedicated to increasing its California portfolio because of the variety of residents within the state over age 50.
The neighborhood presents assisted residing, reminiscence care, respite care and impartial residing choices.
Expansions
Offerd expands into senior housing
Know-how supplier Offerd is marking its growth into senior housing via the addition of Scott McCorvie because the director of its nationwide senior housing group.
“I’m extraordinarily excited to hitch the funding workforce and merge Offerd’s distinctive expertise,
platform, and funding providers right into a quickly rising and altering senior housing transaction market,” McCorvie stated in a press launch.
The discharge states Offerd has plans to broaden its senior housing workforce over the subsequent six to 12 months.
