Who knew that nursing homes and senior communities were going to become a hot Real Estate commodity? When making the difficult decision of placing our loved one in an extended care facility, the environment and location play a big factor. Acquiring these kinds of properties for the right price and situated in the right areas, not only effectively service the senior and assisted living community and provide employment, but bring in a huge revenue as well. Investors thrive for this type of evolution in both the Real estate and Healthcare market.
In May 2013, FNR Healthcare Group acquired South Holland Campus through its affiliate, FNR South Holland LLC for an undisclosed amount. South Holland supports the assisted living community by educating residents on independent living and rehabilitation. FNR South Holland LLC has acquired ownership of the real estate and Villa Healthcare operations. Mark Berger Nursing Home Operator for Villa Healthcare located in Chicago, IL., expressed “We are pleased to assume the operations in a vibrant community like South Holland, which is rich in the tradition of faith and family. We also intend to continue the excellent relationship Providence has with Ingalls Hospital as a partner in rehabilitation therapy.” This is a prime example of how this evolution benefits all parties involved.
Titan Real Estate Investment Group Inc. acquired Liberty Residence I and II, through Senquest Senior Living, for $12 million. Marcus & Millichap’s Jacob Gehl were the brokers that handled this sale. “Liberty Residence is located in a community where residents have lived most of their lives, nearby loved ones, and offers comfortable housing in a healthy, enjoyable environment that provides all the services older adults want and need to continue living independently as they age.” stated Doug Allen, the Head of Acquisitions at SEnquest. He believes that these types of properties allow them to bring to life their vision and view on senior housing. They believe that it should give people peace of mind, allow them to retain their dignity and continue a lifestyle that’s comfortable, fits within their level of mobility and the status of their health.
This was just the beginning of several acquisitions that have followed suit in enlarging the scope of quality choices for our loved ones in need of the extended, assisted or supportive care and financially benefiting their investors simultaneously. Those in the Real Estate market that rocked on shaky grounds for awhile, have an entirely new avenue to consider in partnering up with the healthcare industry.
