As our April Fool’s edition, Big Deal Monday comes to you on a Wednesday this week. But these deals are no joke!
Our client, ROC Seniors Housing acquired Wyndemere, a 432-unit CCRC in Wheaton, Illinois via a joint venture with Life Care Services, who was and will continue to be the property manager for the facility. Wyndemere has 237 independent living units (a mix of apartments and townhomes), 65 assisted living units and 130 skilled nursing beds.
LTC Properties, Inc. is spending $12.2 million to acquire and complete construction on a 56-unit memory care property in Texas.
Evergreen Senior Living Properties, LLC recently acquired four senior living communities, located in Amarillo, Tyler, Odessa and Abilene, Texas.
Health Care REIT acquired two California properties owned by Oakmont Senior Living. Both facilities were a mix of assisted living and memory care, and between them totaled one hundred forty-five units.