Acquisitions Sienna, Sabra Finalize Deal to Buy 11 Canadian Communities Sienna Senior Living (TSX: SIA) announced it has with Sabra Health Care REIT finalized the acquisition from Extendicare (TSX: EXE.TO) of a 50% ownership stake in a portfolio of 11 senior living communities located throughout the Canadian provinces of Ontario and Saskatchewan. The 11 communities […]
LTC Properties Inc.
Welltower to Change NYSE Ticker Symbol to “WELL” Health care infrastructure company Welltower, Inc. has announced a change to its New York Stock Exchange (NYSE) ticker symbol, from “HCN” to “WELL.” The Toledo, Ohio-based company will begin trading under “WELL” on February 28. “Welltower owns, manages and has developed the largest network of premium residential senior care […]
LTC Properties (NYSE: LTC) is slamming the brakes on its future development plans with Anthem Memory Care after the Lake Oswego, Oregon-based provider failed to raise a certain amount of equity and pay its quarterly rent in full. The California-based real estate investment trust (REIT) issued a monitory default notice on its master lease with […]
NHI Exercises Purchase Option to Acquire Five Senior Living Communities Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) has exercised a purchase option to acquire five assisted living and memory care facilities owned and operated by Bickford Senior Living for the purchase price of $87.5 million. The facilities have a total of 277 […]
CareTrust REIT Announces Two Acquisitions CareTrust REIT, Inc. (NASDAQ: CTRE) has acquired a portfolio of nine skilled nursing facilities in Iowa. CareTrust is a publicly-traded real estate investment trust (REIT) that focuses on the acquisition and leasing of seniors housing and health care-related properties. The portfolio includes 518 operating skilled nursing beds that will be […]
Welltower Expands Finance and Investment Leadership Team Welltower Inc. (NYSE: HCN), one of the big three health care real estate investment trusts (REITs), recently announced the hiring of Shankh Mitra and Tim McHugh as senior vice presidents, finance and investment. Both Mitra and McHugh will report to Scott Estes, executive vice president and chief financial […]
Analysts were determined to hear how Senior Housing Properties Trust (NYSE: SNH), a real estate investment trust (REIT) that primarily invests in senior housing properties, would raise its stock prices during its quarterly earnings conference call Wednesday. Overall, the financial news was good, but SNH has struggled to see its stock value rise recently. Since […]
Constrained deal flow due to low cap rates and sky-high prices has been a recurring theme among senior housing real estate investment trusts (REITs) as they report their earnings for the third quarter of 2015. After Welltower Inc. (NYSE: HCN) stated that soaring price tags have sidelined the REIT on major deals, both LTC Properties Inc. (NYSE: […]
Institutional Property Advisors Announces Senior Housing Transactions Totaling Over $6 million Institutional Property Advisors has announced its facilitation of the transactions of two senior housing facilities in Iowa and Illinois for more than $6 million total. Misty Meadows Senior Living Center in Metropolis, Illinois was sold by a limited liability company to Damen Healthcare for $4.38 […]
Real estate investment trust LTC Properties (NYSE: LTC) is shopping for a new tenant for 37 of its assisted living properties nationwide. The company has decided not to renew its leases that are due to expire at the end of this calendar year with Assisted Living Concepts and Extendicare Health Services. LTC said it has […]
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