Health Care REIT’s $845 million acquisition of Sunrise Senior Living at a 60% premium may have opened the door to a whole world of senior living industry-changing acquisition activity, reports Bloomberg, and Emeritus and Brookdale might be next. The takeover of Sunrise Senior Living Inc. at the biggest premium ever paid for an operator of […]
Category: Acquisitions
The senior housing industry considers 2011 as the Year of the REIT, but despite this year’s sharp decline in acquisition activity, it could just be a digestion period functioning as a calm before the next storm, said executives from several healthcare real estate investment trusts during NIC’s National Conference. It’s possible many big players are […]
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently acquired two senior care communities in separate transactions for a combined $42.5 million. The first is a 48-unit memory care community in Aurora, Colo., purchased for $16 million from an affiliate of New Dawn Holding Company. The REIT also entered into a triple-net lease agreement with the New […]
Health Care REIT (NYSE:HCN) recently purchased a second North Carolina senior living community from Kisco Senior Living for $19.4 million, reports the Triangle Business Journal. Abbotswood at Stonehenge is an assisted living community in Raleigh, N.C. HCN and Kisco are also partnering to develop a nearby retirement community after the original developer’s plans didn’t pan […]
Healthcare real estate investment trust National Health Investors, Inc. (NYSE:NHI) has entered an agreement with operator Bickford Senior Living to combine their ownership in the real estate and operating assets of 10 stabilized assisted living and memory care communities. The deal is expected to close by the end of 2012’s third quarter. NHI will contribute […]
Senior housing and skilled nursing investor and asset manager Formation Capital recently partnered with global investment house Safanad to acquire one of the United States’ largest standalone skilled nursing portfolios for $750 million. The properties are located in East Coast states and are leased to a top-ten operator. The 68-property portfolio transaction represents the second […]
Accelerated joint venture buy-outs have increased the real estate value of the Sunrise Senior Living (NYSE:SRZ) acquisition by Health Care REIT (NYSE:HCN) from about $1.9 billion to $3.2 billion, the investment trust announced on Tuesday. “We are extremely pleased with our initial success in reaching agreements to purchase additional Sunrise joint venture partner interests,” said […]
Washington, D.C.-based Capitol Seniors Housing recently purchased two Texas independent living communities from Franklin Development Co. for an undisclosed amount in a transaction brokered by Marcus & Millichap Real Estate Investment Services. The two properties are Franklin Park Canyon Creek in Plano, Tex. and Franklin Park Hometown in North Richland Hills, Tex., both developed by […]
Kohlberg Kravis Roberts & Co. L.P., Beecken Petty O’Keefe & Company, and Coastwood Senior Housing Partners LLC will acquire the management company business of Sunrise Senior Living (NYSE:SRZ) for approximately $130 million, Health Care REIT (NYSE:HCN) announced on Friday, Sept. 14. For its part, HCN will invest approximately $26 million for a 20% interest in […]
The international senior living scene is heating up, and developers and investors in other countries are making moves to prepare for the impending wave of baby boomers. Here are a few stories from around the globe, ranging from nearby Canada to India to New Zealand, along with a couple smaller, local deals by American senior […]