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The transaction comprises 19 properties offering a combination of independent living, assisted living and memory care communities in premium locations concentrated in Southern and Northern California, including the Los Angeles and San Francisco metro markets, and in the state of Washington.
The firm’s portfolio now contains 144 seniors housing, medical office buildings, acute care and post-acute care facilities in 33 states. The company has assets under management totaling more than $3 billion.
Raleigh, NC-based K4Connect, a technology integration company which creates solutions designed to serve and empower older adults and individuals living with disabilities, has entered into a strategic partnership with Pendo, a data-driven platform that helps companies deliver great products.
Healthcare real estate investment trust Care Capital Properties Inc. (CCP) has expanded its relationship with Signature HealthCARE LLC. Signature acquired the operations of 18 skilled nursing facilities (SNFs) owned by CCP from Elmcroft Senior Living Inc. The 18 properties, all but one of which is located in Kentucky, added approximately 1,700 beds to Signature’s network, establishing Signature as the leading post-acute provider in Kentucky with 41 facilities across the state.
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