Mainstreet Property Group’s HealthLease Properties REIT Closes $25 Million Credit Line Mainstreet Property Group, LLC, announced on Tuesday that certain indirect subsidiaries of HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) have entered into a $25 million revolving credit facility with PNC Bank. The facility has an initial term of 36 months from closing and provides […]
Category: REIT
The interim CEO of assisted living community owner/operator Assisted Living Concepts (NYSE:ALC) spoke out about his company’s recent troubles during a conference call with Wall Street analysts and an interview with company stakeholders, stating his intention to fix the company’s problems. Charles Roadman II, a physician and retired lieutenant general for the U.S. Airforce, was […]
Healthcare REITs and the investors whose money they control could stand to benefit from certain provisions under the Affordable Care Act, especially now that the Supreme Court upheld the controversial healthcare reform law’s constitutionality, says a Seeking Alpha article. Healthcare REITs generally provide investors with a method of investing in the hospitals, rehabilitation facilities, and […]
The CEO of healthcare real estate investment trust Ventas, Inc. (NYSE:VTR) recently guest-starred on a CNBC Mad Money segment during which host Jim Cramer gushed about the “booming” demand for healthcare-oriented real estate and Ventas’ prime positioning. Factors including the nation’s burgeoning senior population, limited senior housing development in the past few years, and constricted […]
In case you missed it, here’s a list of senior housing and care transactions covered by Senior Housing News in the first half of 2012, starting from those published most recently and dating back to January. June Senior Housing Sales & Acquisitions MBK Senior Living Acquires Ariz. Independent Living Community for $31.9 Million Chartwell Sells […]
Prudential Closes $13.7 Million Construction Take-Out Loan for Ohio Community Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU), recently closed a $13.7 million construction take-out loan for an Ohio senior living community. Parker Place is a three-story, 124-unit independent living complex located in Mentor, Ohio. The loan term is […]
Chartwell Seniors Housing Real Estate Investment Trust (TSX:CHS.UN) has agreed to sell its 100% ownership interest in six U.S. Properties to Harvest Facility Holdings LP for approximately $165.5 million (USD) in a transaction that is expected to close in the fourth quarter of 2012. The properties have a total of 1,221 independent living units, and […]
There’s a new healthcare real estate investment trust in town, and this one’s been formed with a focus on not just acquiring and owning senior housing and care properties, but also developing them. HealthLease Properties Real Estate Investment Trust announced today it had completed its initial public offering of 11 million trust units, raising gross […]
HCP to Sell 7.8 Million Shares to Citigroup to Repay Debt, Possibly Make Acquisitions HCP, Inc. (NYSE:HCP) announced on Monday that it will sell 7,800,000 shares of its common stock to Citigroup (NYSE:C), as sole underwriter, in an underwritten public offering. On June 18, the sales price of HCP’s common stock on the New York Stock Exchange […]
Ventas Selling 5.2 Million Shares to Citigroup to Build Working Capital Healthcare real estate investment trust Ventas Inc. (NYSE:VTR) said on Thursday it had agreed to sell 5.2 million shares to Citigroup (NYSE:C), with plans to use the proceeds to repay debt and build working capital. When the market closed on Thursday, the REIT’s shares […]
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