Big Deal Monday for the week of December 22, 2014

bdmSo we held off Big Deal Monday until Tuesday because of a big deal we’ve been working on with a client and which has now just been announced:

CNL Lifestyle Properties, Inc. entered into a deal to sell 38 senior living communities located in 16 states (Alabama, Arkansas, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Missouri, Montana, Nevada, North Carolina, Oregon, Rhode Island and Washington) to Senior Housing Properties Trust for approximately $790 million, which includes the assumption of some debt. Combined, the communities have 826 independent living units, 1,860 assisted living units, 744 memory care units and 36 skilled nursing beds, for a total of 3,466 units,. The properties are primarily private-pay and strong occupancy.

But, it has been a busy week for the announcements of deals:

New Senior Investment Group, Inc.has a deal to acquire a 17-property portfolio for $435 million from affiliates of Hawthorn Retirement Group, LLC.  The portfolio consists of private-pay independent living communities with 2,082 units located across 10 states.

LTC Properties, Inc. completed the sale of 16 assisted living properties with a total of 615 units located in Arizona, Idaho, Oregon and Washington to Enlivant (formerly known as Assisted Living Concepts) for $26.5 million.

National Health Investors, Inc.closed on its acquisition of eight senior housing communities in four states (Florida, Georgia, North Carolina and South Carolina) from Health Care REIT.  The eight properties combined have 1,671 units.

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