CNL Healthcare Properties II has announced that its board of directors elected to close the current equity offering by Oct. 1 and will not pursue a follow-on offering. The board also formed a committee of independent directors to explore potential strategic alternatives for the non-traded real estate investment trust (REIT), including a possible sale of the […]
CNL Financial Group
NIC Bolsters Board of Directors The National Investment Center for Seniors Housing & Care (NIC) has named David Nash and Mike McCurry to its board of directors, according to a press release. Nash is the dean of the Jefferson College of Population Health at Jefferson University in Philadelphia, while McCurry is the executive vice president […]
Blackstone Buys Two Denver Communities for $27 Million The Blackstone Group, a New York-based private equity firm, purchased two senior living communities southeast of Denver as part of a billion-dollar deal to buy 64 Brookdale Senior Living (NYSE: BKD) properties, announced in late March. The two communities, located in Arapahoe County, were purchased for more […]
A new health care real estate investment trust (REIT) from private investment management firm CNL Financial Group has been declared effective by the Securities and Exchange Commission (SEC). The new REIT, CNL Healthcare Properties II, can begin its initial public offering stock of up to $2 billion in common stock. CNL Healthcare Properties II, based […]
CNL Healthcare Properties Names New Chief Financial Officer The board of directors of CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and health care facilities, has named Kevin R. Maddron as chief financial officer, treasurer and chief operating officer, effective May 1. He will also continue to serve as senior […]
Primrose Retirement Community Names Executive Director Primrose Retirement Community of Mishawaka, Ind., has announced that Wendy White has been named executive director. White, who began her duties on Nov. 17, will oversee the day-to-day operations of the community. She has worked in the geriatric health field for more than 30 years, serving as a […]
Senior housing has proven to be a hot ticket for many types of investors, as they are looking to jump into the market while housing activity rebounds to pre-recession levels. To date, most say there is huge upside for investment given a recession-resilient property type and a consumer demographic that is expanding in droves each day. […]
The full impact of healthcare reform on senior living is still largely an unknown to operators and investors, and state regulations may impact how well the landmark law aligns with the industry’s capabilities. “There are a lot of issues to work through in order to align the goals of the Affordable Care Act—fewer hospital stays, […]
The lead-up to a senior housing RIDEA deal between an operator and a real estate investment trust has been described many ways: as dating; as a courtship; even an arranged marriage. But at the end of the day, panelists at SHN’s 2013 Senior Housing Summit agreed, it’s all about alignment of goals, and there are […]
While the “Big Three” of real estate investment trusts active in the senior housing landscape tends to grab headlines with big deals, smaller and newer REITs to the space are seeking senior housing acquisitions at a solid pace on the horizon—albeit on a smaller scale. For some, it may mean acquisition targets are portfolios of […]
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