Care Investment Trust Inc. (NYSE: CRE) ("Care"), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, announced that it has entered into a definitive agreement with Tiptree Financial Partners, L.P. ("Tiptree") for the sale of control of the Company through a combination of an equity investment by Tiptree [...]

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National Health Investors, Inc. (NYSE: NHI) announced a total of $29.7 million in purchase/leaseback transactions that include three assisted living and memory care facilities totaling 102 units in Minnesota with Suite Living Senior Specialty Services (formerly known as Comforts of Home) for $17.2 million and a 66-bed acute psychiatric hospital known as Alvarado Parkway Behavioral [...]

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Why is it so difficult to attract capital in the senior housing industry?  Clearly it’s not the demographics, the demand or the oversupply of new product.  It’s the competition that the capital faces.  Many investors are waiting for the bigger, better deal with greater returns with other opportunities on the horizon.  When speaking with private [...]

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Cain Brothers, a health care investment banking firm, recently announced the closing a of $98 million plan of finance to fund a large expansion project for Westminster Manor a continuing care retirement center (CCRC) located in Austin, Texas.  The complex financing combined short-term tax-exempt bank qualified bonds, a related interest rate swap, a taxable bank [...]

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Health Care REIT, Inc. (NYSE:HCN) announced its operating results for the company’s fourth quarter and year ended December 31, 2009 last week that showed earnings of $1.49 per share for full year 2009 and earnings of $0.26 per share for Q4 2009. HCN announced its 2010 guidance and expects to report net income attributable to [...]

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LTC Properties, Inc. (NYSE:LTC) announced operating results for fourth quarter and full year 2009 that showed full year net income allocable to common stockholders was $29.4 million or $1.27 per diluted share versus 2008 when net income allocable to common stockholders was $28.4 million or $1.24 per diluted share. Revenues for the twelve months ended [...]

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Brookdale Senior Living Inc. (NYSE: BKD) announced its financial and operating results for the fourth quarter and full year 2009 that showed a net loss for the fourth quarter of 2009 was $(20.8) million.  Total revenue for the fourth quarter was $518.5 million, an increase of $31.6 million, or 6.5%, from the fourth quarter of [...]

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Cambridge Realty Capital Companies recently announced two FHA-insured HUD financing transactions for senior housing properties located in Illinois.  Cambridge reported closing an $11.9 million FHA-insured HUD first mortgage loan to refinance St. Anthony’s Nursing and Rehabilitation Center, a 154-bed skilled nursing and board and care facility in Rock Island, Illinois and a $10.9 million FHA-insured [...]

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The National Investment Center for the Seniors Housing & Care Industry (NIC) data for the third quarter of 2009 showed that occupancy rates in independent living and assisted living remained relatively flat and that rent growth and construction starts slowed, suggesting that seniors housing occupancy may be reaching bottom. NIC’s research data showed some of [...]

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Ventas, Inc. (NYSE: VTR) (“Ventas”) announced last week that normalized Funds From Operations (“FFO”) for the year ended December 31, 2009 increased 7.8 percent to $409.0 million, from $379.5 million for the comparable 2008 period.  The normalized FFO excludes net expense from merger-related expenses and deal costs, including fees and expenses incurred to obtain the [...]

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The National Investment Center for the Seniors Housing & Care Industry (NIC) announced that there are now over 600 industry operators, financiers, association heads and government representatives in the skilled nursing sector currently registered for NIC’s new event, the National Skilled Nursing Investment Forum.  NIC is expecting the event to sell out soon and it [...]

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Ecumen announced last week that it is expanding in the Twin cities with the ground breaking of its second senior housing community in Apple Valley and that it will manage The Seasons at Maplewood.  The $27 million Apple Valley community is anticipated to open in early 2011 and the 220,500 square foot community will have [...]

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