Over the last 12 months, senior living owners and investors have seen big deals, small deals, joint ventures and REIT spinoffs. With talk of oversupply in certain regions, interested investors are taking a close look at opportunities. Deal volume is down from previous years, but a few blockbuster transactions have grabbed headlines in late 2016. […]
HCP Inc. (NYSE: HCP) has taken another step in its ongoing efforts to reduce the number of Brookdale Senior Living (NYSE: BKD) properties in its portfolio. Three new amendments to its master triple-net lease with Brookdale will enable HCP to move forward with previously announced plans to terminate leases on 25 Brookdale communities and sell […]
The largest senior housing providers in the nonprofit sector for 2016 have been selected, with the information in a yearly report from industry association LeadingAge and investment bank Ziegler. In this year’s 13th annual LeadingAge Ziegler 150 (LZ 150), more than three-quarters of the providers on the list are faith-based, and nearly half provide affordable […]
With strong tailwinds buoyed by promising demographics, the U.S. senior housing industry has become very attractive not only to the traditional buyers of health care real estate, but also increasingly to private equity and overseas investors. As health care real estate investment trusts continue to make strategic dispositions and refocus their portfolios, foreign capital is seizing acquisition […]
Ventas, Inc. (NYSE: VTR) has had a busy 2016, from entering the life science real estate business to recently announcing plans to sell its skilled nursing portfolio to Kindred Healthcare (NYSE: KND) for $700 million. But the Chicago-based real estate investment trust (REIT) has no signs of slowing down. Chances are, Ventas will be acquisition-heavy […]
(Rendering of The Blake at Edgewater located in Indian Land, S.C. — photo courtesy of The Blake) Construction: Planned Thrive Senior Living Announces New Community in Florida In partnership with Fortress Ventures and Compass Real Estate, Thrive Senior Living has announced the development a new senior living community in Naples, Fla., Thrive at Naples. The […]
A recently formed private equity firm out of Arizona is getting into the senior housing game, pursuing a strategy that stands out a bit from other new entrants bringing capital to the sector. Founded about a year ago, The tanbic Company just announced its first senior living acquisition. The Scottsdale-based firm provided $3.65 million in […]
Over the last 12 months, senior living owners and investors have seen big deals, small deals, joint ventures and REIT spinoffs. With talk of oversupply in certain regions, interested investors are taking a close look at opportunities. Deal volume is down from previous years, but a few blockbuster transactions have grabbed headlines in late 2016. […]
ABP Acquisition LLC Announces Tender Offer Results for Five Star Shares On Nov. 11, ABP Acquisition LLC announced the results of its tender offer to buy as many as 18 million shares of Five Star Quality Care, Inc. (Nasdaq: FVE) at a purchase price of $3.00 per share, net to the seller in cash, without […]
Kindred Healthcare (NYSE: KND) is expected to pay $700 million to purchase 36 skilled nursing facilities (SNFs) from Ventas Inc. (NYSE: VTR). The SNFs currently are operated by Kindred. The news comes one week after Louisville-based Kindred, one of the largest post-acute care providers nationally, announced that it intends to exit the SNF sector entirely. […]
