Greystone & Co. Affiliate Closes $33 Million Affordable Housing Transaction in N.C. Greystone & Co., Inc. affiliate Greystone Affordable Housing Initiatives LLC (GAHI), a provider of affordable housing recapitalization and rehabilitation transaction management services, announced on Monday that it had closed a $33 million multifamily housing rehabilitation transaction in North Carolina that includes senior housing […]
Category: REIT
Assisted Living Concepts (NYSE:ALC) reported a net loss of $25.1 million in the second quarter ended June 30, 2012, a dramatic fall from its $6.3 million net income reported one year ago that’s due to charges related to purchasing a 12-property portfolio from Ventas Realty, among other factors listed as “One-Time Items.” The operating company […]
Here’s a quick look at how senior housing and care-related real estate investment trusts fared during the second quarter of 2012, including FFO, net income, revenues, and, when available, guidance. We’ve also included acquisition and development activities and outlooks for some of the REITs based on what was said during their respective earnings calls. HCP’s […]
On August 1, Trilogy Health Systems sold an Indiana senior care facility to a joint venture between YAM Management and a private REIT for $12.85 million, in a transaction represented by Ryan Saul of Senior Living Investment Brokerage Inc. The purchaser acquired the skilled nursing facility to diversify into Indiana and capitalize on the high […]
Toledo, Ohio-based Health Care REIT, Inc. (NYSE:HCN) plans to come out swinging in the third quarter with about $925 million of healthcare-related acquisitions, with about $854 million of that designated for seniors housing properties. The healthcare real estate heavyweight announced on Monday, Aug. 6 that it anticipates acquiring approximately $925 million of seniors housing and […]
Ziegler Closes $8 Million Bond Issue for Nonprofit Senior Care Community Expansion Specialty investment bank Ziegler recently closed an $8,035,000 non-rated, fixed-rate issue for Nazareth Living Center, a not-for-profit corporation based in Missouri. The Nazareth community includes a 150-unit assisted living apartment building and a 140-bed skilled nursing center in St. Louis, Mo. It is […]
Headed into the second half of 2012, Sabra Health Care REIT Inc. (NYSE:SBRA) is planning to turn its attentions to the senior housing market, said its chairman and CEO Rick Matros during REITWeek 2012: NAREIT’s Investor Forum. Sabra’s portfolio is currently dominated by skilled nursing assets, but it may start looking more diversified in the next few months. The […]
Despite ongoing economic uncertainty, financing for senior housing looking ahead to 2013 is becoming more available—but on certain conditions, finance experts agree. “We’re definitely seeing things loosening up out there,” said Thomas Hanrahan, managing director of healthcare real estate at Capital One Bank, during a Senior Housing News Summit event held last Thursday in Chicago. […]
Real estate investment trust LTC Properties, Inc. (NYSE:LTC) announced on Wednesday the acquisition of two skilled nursing facilities located in Ohio for $54 million. The first property, located in Cincinnati, Ohio, was built in 2009. The second property, located in Dayton, Ohio, was built in 2010. The two facilities have a total of 288 licensed […]
Growing revenues helped net profit for senior housing and healthcare real estate investment trust Ventas Inc. (NYSE:VTR) to nearly quadruple in the second quarter ended June 30, 2012 compared to the same period in the previous year, to $74 million, or $0.25 per share, versus $19.7 million or $0.11 per share. “This increase in net […]
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