In case you missed it, here at the top five stories grabbing Senior Housing News readers’ attention this week: AT&T Makes Entry Into Senior Care With New Product Launch—The international communications giant is rolling out a monitoring device supported by its national wireless network that is being marketed to senior care businesses including assisted living […]
Category: Acquisitions
Next year’s senior housing acquisition landscape is looking more favorable for company-to-company deals compared to the past year, but time for sellers to arrange favorable blockbuster deals is running low, some analysts say. Financial services firm Stifel Nicolaus met with management-level executives for 11 publicly traded REITs and two nontraded REITs all focused on the […]
Real estate investment trust CNL Healthcare Properties has acquired a 12-property senior living portfolio for $302 million, the company announced Monday. The 12 properties are located in the northwest United States, and span independent living, assisted living and memory care units. The 12 properties are based in Idaho, Montana, Nevada and Oregon and will be […]
Chicago-based real estate investment trust Aviv REIT announced today it has acquired four senior housing properties in Ohio and Indiana for $44.9 million. The first three properties are located on a campus in Ohio, which includes an assisted living facility, a post-acute and long-term care skilled nursing facility (SNF) and a long-term acute care hospital […]
Holliday Fenoglio Fowler, L.P. (HFF) recently closed the $63.25 million sale of two senior living properties in Massachusetts to Benchmark Senior Living with joint venture partner Health Care REIT (NYSE:HCN). The 176-unit senior living portfolio was marketed by HFF on behalf of AEW Capital Management. The properties have been renamed to Benchmark Senior Living at Robbins […]
Omega Healthcare Investors (NYSE: OHI) real estate investment trust today closed a sale/leaseback deal with Ark Holding Company for 56 senior living communities valued at a total of $525 million. Ark Holding was previously owned by Behrman Capital, a private equity firm, with the sale/leaseback transaction being completed in connection with the acquisition by merger […]
Capital Senior Living Buys Mass. Assisted Living Community Cassidy Turley, a commercial real estate services provider, arranged the sale of a Massachusetts assisted living community to Capital Senior Living for an undisclosed purchase price. The community, Whitcomb House, located in Milford, Mass., includes three interconnected buildings containing 68 total units within 48,565-square-feet. Two of the […]
Capital One Bank Announces $115 Million in Financial Transactions Capital One Bank recently announced it acted as a joint bookrunner for an $85 million, seven-year senior secured term loan to subsidiaries of Parkwood Properties, Inc. and a $30 million revolver loan to Palm Garden Healthcare Holdings, LLC. Parkwood Properties will use the term loan to refinance […]
Healthcare real estate investment trusts are starting to see less upside on senior housing deals as a result of the current interest rate and acquisitions environment, among other factors. Returns on senior housing investments are starting to decline for health care REITs due to rising interest rate that are boosting acquisition costs, analysts predict, yet […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers this week: Newcastle to Acquire 52 Holiday Retirement Properties for $1 Billion—The REIT, a Fortress-affiliate, will purchase the properties in a deal expected to close in December. The properties were 91% occupied on average, as of the third quarter. […]
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