Private equity investor Kayne Anderson Real Estate Advisors (KAREA) is partnering with Watermark Retirement Communities to bring more upscale senior housing to New York City. KAREA has acquired a historic 16-story building (pictured above) in Brooklyn Heights formerly owned by the Jehovah’s Witnesses, which it will redevelop into private-pay senior living and place under the […]
Maplewood
When Omega Healthcare Investors (NYSE: OHI) announced that it would be acquiring Aviv REIT (NYSE: AVIV) in 2014, CEO Taylor Pickett described the combined company as the “premier pure-play skilled nursing REIT.” Today, skilled nursing still accounts for the vast majority of the REIT’s roughly 900 properties, but “pure play” may become a stretch as the […]