This week, while temperatures dropped in the Windy City, our readers were hot on the latest happenings across the senior housing industry. Readers wanted to know about a new entrant in the space with a multifamily background and how nonprofits are keeping up with the competition. Here in the newsroom, we were into the plans […]
HCP Inc. (NYSE: HCP) is confident that Halloween won’t be too spooky for the spin-off of its skilled nursing assets into a new real estate investment trust (REIT). HCP’s board of directors has approved the previously announced spin-off, which now is expected to occur on or about Oct. 31. Shares of Quality Care Properties, Inc. (QCP) would […]
AdCare Sells Nine Properties for $55 Million AdCare Health Systems, Inc. (NYSE: ADK), a self-managed health care real estate investment company that primarily invests in senior living and long-term care properties, has completed the sale of nine properties in Arkansas. The properties were sold to affiliates of Skyline Healthcare LLC, the current operator of the […]
This week, while parts of the United States were preparing for the worst ahead of Hurricane Matthew, we stayed on top of the news to bring our readers the latest happenings across the senior housing industry. Readers were hot on the update that Silverado’s COO Shamim Wu stepped down from her role, and that […]
Chicago-based Ventas Inc. (NYSE: VTR) is providing secured debt financing of $700 million to a subsidiary of Ardent Health Services in connection with its acquisition of LHP Hospital Group, Inc. Ardent is the hospital tenant of real estate investment trust (REIT) Ventas. The deal underscores Ventas’ portfolio repositioning in the last few years and the vision […]
Kayne Anderson Buys $38 Million Palm Beach Gardens Community An affiliate of Kayne Anderson Capital Advisors, an alternative investment firm that manages more than $23 billion in assets, purchased a newly completed senior housing community in Palm Beach Gardens, Florida, for $38 million, The Real Deal reported. The community, Discovery Village at Palm Beach Gardens, […]
Real estate investment trust (REIT) National Health Investors (NYSE: NHI) has completed its previously announced conversion of a senior housing portfolio from a RIDEA structure to a triple net lease with its joint venture partner, an affiliate of Bickford Senior Living. The conversion comes at a time when senior housing REITs have reached all-time highs […]
Turnover among executive directors is a sore subject in the senior housing industry, but one provider has managed to keep turnover at an all-time low—zero. Now, the company is entering a growth phase and hopes to prolong that perfect streak even with more communities. Arcadia Communities, a Louisville-based senior living owner/operator with five communities in Michigan […]
Merrill Gardens retirement communities has acquired the real estate of four West Coast properties as part of a joint venture for $145 million. The recently completed properties were already operated by Seattle-based Merrill Gardens and were financed by Cushman & Wakefield. The properties—Merrill Gardens of Huntington Beach, Merrill Gardens at Lafayette, Merrill Gardens at Campbell […]
One of the largest real estate holders of senior housing has been cleared of wrongdoing in a probe by the Securities and Exchange Commission (SEC) about an alleged improper personal relationship between an executive and an independent auditor. Chicago-based Ventas Inc. (NYSE: VTR) received a letter from the SEC about the investigation notifying the company […]
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