Equity LifeStyle Properties, Inc. (NYSE: ELS) announced its results for the quarter ending June 30, 2011that shows net income available to common stockholders totaled $6.8 million for the quarter compared to $6.0 million for the same period in 2010. ELS had Funds From Operations (“FFO”) of $27.3 million for the quarter compared to $27.1 million for […]
Category: Acquisitions
Concordia Lutheran Ministries announced the acquisition of two senior housing facilities from Sunrise Senior Living for an undisclosed sum on Wednesday. Located in Pennsylvania, Sunrise of Cranberry and Sunrise of Fox Chapel were approved by Concordia’s Board of Directors to further enhance opportunities for Concordia’s mission and future. The Cranberry location is a licensed personal care […]
Sabra Health Care REIT (NASDAQ:SBRA) said it entered into an agreement to acquire four skilled nursing facilities for $97.5 million on Monday. Located in the Mid-Atlantic region with a total of 500 beds, the facilities will be operated under a long-term lease and is expected to provide an initial yield on cash rent of 8.75%. Three […]
Grubb & Ellis Healthcare REIT II announced the acquisition of a five-building portfolio of skilled nursing facilities located throughout Philadelphia for $75 million. In aggregate the portfolio has approximately 392,000 sq. ft. and 1,200 patient beds. Since 2001, more than $33 million in capital improvements have been completed throughout the portfolio, which is now leased […]
University General Health System (UGHS) said it executed an asset acquisition agreement to obtain certain assets and liabilities of senior living communities in Texas and Tennessee. In addition, the agreement would give them majority ownership of TrinityCare Senior Living, LLC, a Texas-based developer and manager of senior living communities. The purchase includes Trinity Oaks of Pearland (Texas), […]
Equity LifeStyle Properties, Inc. (NYSE:ELS) entered into purchase and other agreements with certain affiliates of Hometown America, LLC, to acquire a $1.43 billion portfolio of 76 manufactured home communities and certain manufactured homes and loans secured by manufactured homes located at the Hometown Properties. These communities contain 31,167 sites on approximately 6,500 acres of land located […]
Two California senior housing properties have recently been bought in a transaction coordinated by CB Richard Ellis National Senior Housing Group. The facilities, located in Beverly Hills and Livermore, Ca., sold for $31,925,000. The Beverly Hills facility, BridgePoint, was built in 2000 and has 60 independent and assisted living units. Rosewood Gardens, build in 1974, […]
CIT Healthcare (NYSE: CIT) served as the lead in a $44 million senior secured credit facility to enable a joint venture between Bickford Senior Living and Harrison Street Real Estate Capital to acquire a portfolio of six assisted living and dementia care properties. “This transaction underscores CIT’s expertise in and commitment to the long-term care sector, […]
Ventas, Inc. (NYSE: VTR) said on Friday it completed the acquisition of Nationwide Health Properties, Inc. (NYSE: NHP) in a stock-for-stock transaction for $7.6 billion, creating one of the largest publicly-traded REITs. “With the completion of the NHP acquisition, Ventas is a $23 billion enterprise poised to thrive in the dynamic and growing healthcare real […]
Ballard Nursing Center was sold to Resurrection Health Care, a not for profit, that owns six hospitals and six nursing facilities in the Chicago area. The sale was facilitated by Senior Living Investment Brokerage and was a strategic acquisition that provides specialized acute medical services and care for residents that require ventilators, dialysis, and tracheotomy care. […]
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