Brookdale Gains 3 Las Vegas Properties in $2.8 Billion Emeritus Deal

Three Las Vegas senior communities were recently involved in a massive merger when Emeritus Corporation was acquired by Brookdale Senior Living. The latter acquired Emeritus in a deal worth $2.8 billion, 1.4 of which consisted of mortgage debt. The two companies agreed a deal that would create the first national senior living solutions company, merging the assets and know-how provided by both entities. With the newly-expanded Brookdale, the company is able to provide a senior living community within 10 miles of 6.5 million seniors over the age of 80.

Brookdale Senior Living’s blockbuster $2.8 billion acquisition of Emeritus Corp. involves three properties in Vegas. The two companies are touting the merged companies as the first national senior living solutions provider, one that can offer facilities within 10 miles of 6.5 million seniors age 80 and over.

The three local Emeritus communities are Emeritus at The Plaza, Emeritus at Spring Valley and Emeritus at Las Vegas. Located at 6031 West Cheyenne Ave., Emeritus at The Plaza offers retirement and assisted living facilities, with individual retirement cottages featuring two bedrooms, two baths and full kitchens. Other options include studios, one-bedroom apartments and large one-bedroom suites that offer full bathrooms and kitchenettes. All units offer individual climate control and free maintenance.

Emeritus at Spring Valley is located  at 8800 West Tropicana Ave. and offers services that include Alzheimer’s and memory care. Emeritus at Las Vegas is located at 3025 East Russell Road and provides assisted living, memory care, short stay/respite care services and on-site rehabilitation.

The $2.8 billion price tag includes $1.4 billion in mortgage debt. According to
The Las Vegas Review-Journal, the merger will increase Brookdale’s portfolio to 1,161 senior housing communities comprising 112,700 units. Emeritus shareholders will own about 27 percent of Brookdale.

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