Senior Housing Properties Trust (Nasdaq: SNH) sold nearly $208 million worth of assets, changed its name and made its first active adult acquisition in the tail end of 2019. The Newton, Massachusetts-based real estate investment trust (REIT) announced Monday it had completed $207.8 million in property sales during the fourth quarter of 2019. The sales […]
Senior Housing Properties Trust
Five Star Senior Living (Nasdaq: FVE) showed continued progress repositioning its senior housing portfolio in the third quarter of 2019, even if the raw numbers were not all pretty. The Newton, Massachusetts-based provider posted a net loss of $7.1 million for the three-month period ending on September 30. However, that marks an improvement over the […]
Sabra completes $350M debt offering Sabra Health Care REIT (Nasdaq: SBRA) completed an underwritten public offering of $350 million worth of 3.9% senior notes due in 2029. The Irvine, California-based health care real estate investment trust filed a Form 8-K with the Securities and Exchange Commission on October 7, announcing the closing. Proceeds will be […]
CareTrust expands memory care portfolio with $12.5M California acquisition CareTrust REIT (Nasdaq: CTRE) added to its portfolio of memory care communities with the $12.5 million acquisition of Vista del Lago, a 42-unit/96-bed community in San Diego. The seller was Torrey Pines Development Group. The Cushman & Wakefield Senior Housing Capital Markets team of Vice Chairman […]
Five Star Senior Living (Nasdaq: FVE) has regained financial stability and is driving forward with operational initiatives. After posting a $33.2 million net loss in the first quarter of 2019, the Newton, Massachusetts-based senior living provider on Wednesday reported $4.2 million of net income in the second quarter, spurred by the completion of several transactions […]
After eight months, Five Star Senior Living (Nasdaq: FVE) has a new COO. The Newton, Massachusetts-based senior living owner and operator hired Margaret Wigglesworth for the role. She will assume her duties effective August 12, according to a release announcing the hire. Five Star has been without a COO since Scott Herzig left the company […]
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 […]
Five Star Senior Living (Nasdaq: FVE) is shaking up its executive ranks again, two days before releasing its Q1 2019 earnings report. The Newton, Massachusetts-based senior living owner and operator announced the appointment of Jeffrey C. Leer as Executive Vice President, Chief Financial Officer and Treasurer. Leer will assume his duties June 1. He succeeds […]
Five Star Senior Living (Nasdaq: FVE) struck a comprehensive lease restructuring and ownership agreement with Senior Housing Properties Trust (Nasdaq: SNH), in a move aimed at immediately easing Five Star’s financial woes and restoring the provider to full health in the longer term. The deal will shift ownership of Newton, Massachusetts-based Five Star substantially to […]
Five Star Senior Living’s (Nasdaq: FVE) financial woes continue to pile up. The Newton, Massachusetts-based senior living operator and Senior Housing Properties Trust (NYSE: SNH) agreed to defer the minimum aggregate February rent Five Star owes SNH for properties it operates under a master lease between the two companies. The deal was unveiled in a […]
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