There’s no denying that consumer expectations have evolved. And in today’s world, where consumers are accessing information in a number of ways, marketing relevant and genuine content to communicate your brand’s message across a variety of mediums is crucial to driving the bottom line. Join Senior Housing News Wednesday, February 25, 2015 for a free webinar on Content […]
CareTrust REIT Acquires Minn. Memory Care Facility for $7.2 Million CareTrust REIT, Inc. (Nasdaq:CTRE) acquired Prelude at Woodbury, an upscale memory care facility in Woodbury, Minn., a Minneapolis suburb, for $7.2 million. The transaction was a sale-leaseback with Prelude Homes & Services, LLC, which developed the 30-bed facility in 2011 and has operated it since […]
Extendicare announced Friday an agreement to sell almost off of its senior care business in the United States for $870 million to a group of investors led by Formation Capital, LLC. The portfolio comprises 141 owned and operated senior care communities, four communities operated under lease agreements, ten which are operated under managed contracts, and […]
Omega Healthcare Investors (NYSE: OHI) and Aviv REIT (NYSE: AVIV) announced on Friday an agreement to merge the companies in a stock for stock transaction, creating a $10 billion real estate investment trust (REIT). The deal, which values Aviv at $3.0 billion, gives the combined companies a portfolio of 874 properties across 41 states and […]
Tapestry Senior Housing Management, LLC announced it is making an investment to install wireless remote monitoring technologies in a $100 million portfolio of senior living communities. Based in Minneapolis, the company manages a portfolio of more than $100 million in private pay senior living assets. Tapestry said it has chosen Healthsense to be its provider […]
Ventas, Inc. (NYSE: VTR) announced on Monday it’s acquiring American Realty Capital Healthcare REIT for $2.6 billion in stock and cash—making it the 6th largest real estate investment trust in the country. As part of the transaction, ARC Healthcare shares will be generally covered into a fixed number of Ventas shares, based upon a negotiated Ventas stock […]
Four companies are bidding to buy Griffin-American Healthcare REIT II Inc., in a deal that could value the company at nearly $3.7 billion, according to a report from the Wall Street Journal. The bidders include some of the heaviest hitters in senior housing: Ventas Inc., Health Care REIT Inc., American Realty Capital Healthcare Trust, and […]
After only five months as chief executive officer of Sunrise Senior Living, Penny McIntyre is being replaced according to a statement from the operator. Announced the same day as the closing of the recapitalization of Sunrise by Revera Inc. and Health Care REIT, the board has chosen Chris Winkle to lead the company as chief […]
After getting rocked by the downturn in the economy over the last few years, continuing care retirement communities (CCRCs) are making a comeback, reports the New York Times. While still a small portion of the overall market for senior living, CCRCs are seeing an increase in occupancy and development says Ziegler, an investment bank based in […]
Bloomberg took a look at the future of skilled nursing and spoke with Zeke Turner, CEO of Mainstreet Property Group. The company has been successful creating higher end skilled nursing communities that have a similar feel to hotels. “We threw away the [traditional skilled nursing] designs and said, let’s start over and design something that […]