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Northern California Seniors Housing Asset Sale Brokered by IPA

ORANGEVALE, CA–Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Almond Heights Senior Living, a 117-unit assisted living and memory care facility in Orangevale, CA. “Opened in September 2015, Almond Heights is a Class A facility that stabilized quickly and demonstrated strong occupancy …

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NHI Purchases Vero Beach Senior Living Facility For $38 Million

MURFREESBORO, TN–National Health Investors (NYSE:NHI) announced Feb. 4 the purchase of the Isles of Vero Beach, a senior living community in Florida owned by an affiliate of Holiday Retirement (“Holiday”). The community consists of 157 independent living units and 75 assisted living units. The community was acquired for $38 million …

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Genesis HealthCare Enters Into Partnership to Buy Back Real Estate Historically Leased From Welltower Inc.

KENNETT SQUARE, PA–Genesis HealthCare (Genesis or the Company), one of the nation’s largest providers of post-acute care services, announced Feb. 4 that it has entered into a real estate partnership (Partnership) with Next Healthcare Capital (Next) involving 15 skilled nursing facilities previously leased from Welltower Inc. (Welltower). Seven additional facilities …

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Parker Awards a $2.5M Grant to VNA Health Group

PISCATAWAY, NJ–Parker Foundation, Inc. has awarded a $2.5M grant to Visiting Nurse Association Health Group (VNA) to support its Advanced Care Institute (ACI), which aims to address the healthcare needs of high-risk older adults who are often living with multiple chronic health conditions by providing high quality, compassionate care in the home …

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