Where Fortress is Taking its Pure-Play Senior Housing REIT Next

With the backing of one of the nation’s major investment groups, Fortress Investment Group (NYSE: FIG), and a previous foray into senior living investing through its predecessor Newcastle Investment Corp. (NYSE: NCT), New Senior Investment Group (NYSE: SNR) has quickly risen in the market since its launch in late 2014. After announcing last summer that Newcastle […]

New Senior to Acquire 28-Property Holiday Portfolio for $640 Million

New Senior Investment Group Inc. (NYSE: SNR) announced today that it has entered into an agreement to acquire a 28-property portfolio from affiliates of Holiday Retirement for approximately $640 million. The portfolio, which includes private-pay independent living communities, contains 3,298 units across 21 states with an average occupancy of 88%, according to the company. Holiday […]

Most Read Senior Housing News: Holiday Edition

Wishing our readers a very happy holiday. The SHN team will be suspending our daily emails in observance of the holiday this week. We will resume our normal schedule on Monday, December 29.  Until then, here’s a recap of the most read stories this week.  Investors See These 3 Trends Ahead in Senior Housing—From strong […]

Newcastle’s New Senior Spinoff to Acquire $435 Million Holiday Portfolio

New Senior Investment Group, Inc. (NYSE: SNR) has made its first big play in  senior housing, announcing plans today to acquire a 17-property portfolio for $435 million. The company, which was spun-off from Newcastle Investment Corp. (NYSE: NCR) in June, entered into an agreement to acquire 17 private-pay independent living properties from affiliates of Vancouver, Washington-based Hawthorn […]

Newcastle Reveals New Details for Senior Housing REIT Spin-Off

Today, Newcastle Investment Corp. (NYSE: NCT) released new details regarding its previously announced senior housing real estate investment trust (REIT), including a completion date and investment plans for the new senior-housing specific REIT.  After months of speculation and a confirmation in June, New Senior Investment Group, Inc. (NYSE: SNR) is on track to become a […]

Sabra Acquires 21 Holiday Retirement Properties for $550 Million

Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced that it has completed the acquisition of 21 independent living facilities from affiliates of Holiday Acquisition Holdings Corp. for a total cash purchase price of $550 million. Monday’s announcement follows a string of Holiday deals involving Holiday Retirement unloading its senior living assets to big spending investors. […]

Update: Newcastle to Sell 40 Million Shares for More Senior Housing Acquisitions

Newcastle Investment Corp. (NYSE:NCT) priced its public offering of 40 million shares of its common stock for gross proceeds of about $176 million, the company announced Wednesday. On Tuesday Newcastle said it plans to acquire more senior housing through the sale of the real estate investment trust’s common stock shares. Newcastle’s latest move comes on the heels […]

Newcastle Acquires 6-Property CCRC Portfolio for $186 Million

Real estate investment trust Newcastle Investment Corp. (NYSE:NCT) announced it has completed the acquisition of six continuing care retirement communities for $186 million. Newcastle has entered into a triple-net master lease agreement with LCS, with an initial lease term of 15 years with two five-year renewal options. The deal has an initial cash lease yield […]

Holiday Retirement Sells Canadian Portfolio to Ventas for $900 Million

Holiday Retirement continues to unload senior living assets to big spending investors, announcing the sale of 29 Canadian communities to Ventas, Inc. (NYSE:VTR) on Monday for approximately $900 million. The properties, all of which are independent living and total 3,354 units, are located in seven Canadian provinces, with the majority concentrated in Toronto and Alberta. […]

Fortress to Sell Off 19 Million Brookdale Shares

Fortress Investment Group is unloading more than 19 million shares of Brookdale (NYSE: BKD) stock, almost its entire stake in the company, through an underwritten public offering announced Tuesday. The offering of 19.4 million shares, later priced at $33 per share, is being underwritten by certain Fortress affiliates, Brookdale stated in a press release. Based on today’s current […]