After branching off on its own from the Avamere Family of Companies about a year ago, Arete Living has spent the last 12 months preparing for more growth by stabilizing its portfolio. The company’s occupancy and margins are improving, and in the last year Arete leadership has focused on building a new sales culture to […]
NorthStar, Colony Merger Closes NorthStar Asset Management (NYSE: NSAM), NorthStar Realty Finance Corp. (NYSE: NRF) and Colony Capital (NYSE: CLNY) completed the previously announced merger of the companies into real estate investment trust (REIT) Colony NorthStar Inc. (NYSE: CLNS). The new entity currently has an equity market capitalization of approximately $9 billion and assets under […]
While in the middle of a gigantic merger to create a $17 billion real estate investment trust (REIT), a major senior living real estate owner is selling a $1 billion stake in its health care portfolio. New York-based NorthStar Realty Finance Corp. (NYSE: NRF) entered into a definitive agreement to sell a joint venture interest in […]
Another activist shareholder has come out strongly against the planned merger between Colony Capital Inc. (NYSE: CLNY), NorthStar Realty Finance Corp. (NYSE: NRF) and NorthStar Realty’s current external manager NorthStar Asset Management Group Inc. (NYSE: NSAM), citing concerns about the combined company’s governance and value to shareholders. Real estate investment trust (REIT) NorthStar Realty Finance, a […]
CareTrust REIT Buys $34.4 Million Portfolio in California CareTrust REIT, Inc. (Nasdaq: CTRE) acquired two senior housing communities and two skilled nursing facilities (SNFs) in California’s Central Valley for approximately $34.4 million. The portfolio includes 79 assisted living units and 293 skilled nursing beds. It is currently leased to affiliates of California-based Covenant Care, LLC. […]
A shareholder who has been calling for a management restructure at NorthStar Asset Management (NYSE: NSAM) has taken another stance in wake of the forthcoming merger between NSAM, NorthStar Realty Finance (NYSE: NRF) and Colony Capital Inc. (NYSE: CLNY), which was announced in June. The NorthStar entities have a major presence in senior housing, with […]
It’s been a busy week in the senior living industry. Our coverage included a recently released report that noted how emotional labor takes its toll on senior living’s frontline staff, and how a merger between NorthStar and Colony is set to create a $17 billion real estate investment trust (REIT). Readers were eager to learn […]
One activist shareholder is slamming the “management cronies” involved in the $17 billion merger of three major real estate companies, saying there is “woefully inadequate” value to shareholders in the transaction. Jonathan Litt, founder and chief investment officer of New York-based hedge fund Land & Buildings, slammed special committee members of NorthStar Asset Management […]
It’s starting to feel like summer at our Chicago headquarters, and we were eager to bring our readers the latest buzz from the industry this week. Everyone was interested in the latest news from the nation’s largest senior housing provider, including its upcoming plans for the year and a new wellness program for brain health. […]
