Investors’ outlook for senior housing is largely positive as market fundamentals and demographic trends look to drive future M&A activity, according to Salus Valuation Group’s Fall 2013 Senior Housing Investor Survey. An increasing number of investors view senior housing as a preferred asset class and investment strategy, due to the sector’s low volatility and higher […]
Category: Acquisitions
National Health Investors (NYSE: NHI) announced today it has signed a definitive agreement to acquire 25 independent living communities from an affiliate of Holiday Retirement for $491 million. The announcement comes a day after Newcastle Investment Corp. (NYSE: NCT) entered into an agreement to acquire a 52-property portfolio of senior housing communities from Holiday Retirement affiliates for approximately […]
Newcastle Investment Corp. (NYSE:NCT) announced Monday an agreement to acquire a 52-property portfolio of senior housing properties from affiliates of Holiday Retirement for approximately $1.01 billion. Newcastle is a real estate investment trust primarily focused on senior housing along with other types of real estate and debt and is externally managed and advised by an […]
Top senior housing buyers are touting acquisition strategies fueled by relationships rather than relying on marketed properties that are often characterized by low cap rates and fierce competition. While the strategy was initially born out of many healthcare real estate investment trusts’ desire to “lock up” the best senior housing operators and become their capital […]
NorthStar Healthcare Income, Inc. announced Tuesday that it has completed the acquisition of four senior housing properties for a total purchase price of $29.7 million. The acquired properties include a 70-unit assisted living and memory care community located in Leawood, Kansas and a 48-unit assisted living and memory care facility in Spring Hill, KS for […]
Washington, D.C.-based Capitol Seniors Housing recently acquired two senior housing properties in separate transactions for a total of $32.65 million. The company closed the acquisition of an age-restricted senior community in Herndon, Va. from seller and original developer Sugarland Hill, LLC on Oct. 31. The 80-unit community was purchased for $15.65 million, or $195,000 a unit, […]
Aviv REIT Acquires Five SNFs for $42 Million Aviv REIT, Inc. (NYSE: AVIV) announced this week that it has acquired five post-acute and long-term care skilled nursing facilities (SNFs) located in Ohio and Arkansas in two separate transactions for $42.2 million. Four of the properties are triple-net leased to new Aviv operator Peregrine Health Services […]
Health Care REIT (NYSE:HCN) saw profits drop 37% to $33.6 million compared to the prior year following $1.2 billion of investments for the third quarter ended Sept. 30, 2013. Net income attributable to common stockholders plummeted 44% to $20.7 million or $0.07 per basic and diluted share, down from $37.3 million a year ago. However, gross revenues […]
Prestige Healthcare on Thursday closed the acquisition of 15 senior care properties in Michigan from a local owner and operator, funding the purchase with a loan from LTC Properties Inc. (NYSE:LTC) in a transaction handled by Evans Senior Investments. In August, LTC Properties agreed to a $141 million mortgage with Louisville, Ky.-based Prestige for the […]
Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units. In September 2012, Rittenhouse Senior Living […]
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