DigitalBridge (NYSE: DBRG) is selling its wellness infrastructure business, consisting of more than 300 senior housing, skilled nursing and other health care assets, in a deal valued at $3.2 billion. The buyers are a joint venture between two real estate investment firms: Highgate Capital Investments and Aurora Health Network. The transaction is expected to close […]
Colony Capital
Having transitioned out of 50-plus communities in two portfolios over roughly the last year, Senior Lifestyle Corp. is now rebuilding scale while continuing to navigate the challenges of Covid-19. The Chicago-based operator — which currently manages around 120 communities — is making progress on both those fronts, CEO Jon DeLuca and Vice Chairman/Chief Investment Officer […]
Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]
Colony Capital (NYSE: CLNY) is reportedly in talks with Fortress Investment Group on a portfolio of assets that includes senior housing and is valued at more than $3 billion. The two companies are reportedly discussing a sale that includes Colony’s “wellness infrastructure” portfolio, according to a new Bloomberg report. Colony’s potential deal with Fortress is […]
Colony Capital (NYSE: CLNY) has transferred ownership of 36 senior housing properties to a lender, as a step toward resolving a default. Los Angeles-based Colony is a global digital infrastructure, real estate and investment management firm with $46 billion in assets under management. Its health care portfolio includes senior housing, skilled nursing facilities, medical office […]
A newly formed private equity firm made its initial foray into senior housing, and sees an opportunity to work with the operator to unlock value in what is a mostly stable collection of communities. Twin Light Capital acquired 10 Diamond Willow Assisted Living communities across Minnesota, as well as Keystone Bluffs Assisted Living in Duluth, […]
Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]
The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]
Some sizable changes are afoot at Colony Capital (NYSE: CLNS), the company formerly known as Colony NorthStar. The firm is a major owner of U.S. senior housing real estate, but its new CEO suggested that it may shrink that part of its portfolio as disposition opportunities arise. Tom Barrack, a businessman and sometimes-confidant of President Donald Trump, is […]
Leaders with Colony Capital (NYSE: CLNY) expect continued headwinds to affect the company’s senior housing portfolio but believe that conditions are improving for skilled nursing facilities. Meanwhile, the Los Angeles-based real estate investment trust (REIT) is continuing to restructure its health care portfolio, most recently converting a RIDEA arrangement to a triple-net lease. Overall, the […]
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