Ventas, Inc. (NYSE: VTR) is betting big on private-pay assets, senior housing included, following the spin off of most of its skilled-nursing properties into a separate real estate investment trust (REIT) earlier this quarter. The Chicago-based REIT, which serves as landlord to a number of the nation’s top operators across the senior housing, post-acute, medical […]
Category: Finance & Development
Former first lady Barbara Bush recently celebrated her 90th birthday, and had the team here at Senior Housing News wanting to know her secret to longevity (find out below). SHN readers were interested in how one Florida senior living community will get even bigger, Mainstreet’s $5 billion development pipeline and more. As we got ready […]
One of the nation’s largest post-acute care providers is getting bigger, as today, HealthSouth Corporation (NYSE: HLS) entered into a definitive agreement to acquire the operations of Reliant Hospital Partners, LLC for a cash purchase price of $730 million. HealthSouth offers both facility-based and home-based post-acute care services in 33 states and Puerto Rico via […]
As baby boomers age and seek healthier, greener senior living alternatives, the number of “eco-conscious” retirement communities — while still rare in the U.S. — is expected to grow in number, according to a recent New York Times article. “Moving forward, in the next 20 years, these green communities will become the standard,” said Andrew […]
(The Westerly Residences and Wichita Presbyterian Manor – Photo courtesy of Presbyterian Manors of Mid-America) Construction: Planned LTC Properties Buys Land for New Chicago-Area Memory Care Development LTC Properties, Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, Calif., this week acquired 3.5 acres of land in Tinley Park, Ill., a south suburb […]
The nation’s largest developer of post-acute, transitional care facilities is set to solidify and strengthen its position with a five-year $5 billion development pipeline and a strategy that could lead to another massive deal like last year’s HealthLease sale. Indiana-based Mainstreet has an “identified pipeline” to develop $1 billion in properties each year over the […]
By Bobby Guy Senior housing has recovered from The Great Recession to become the new darling of developers across the country. Sale prices for senior housing facilities have skyrocketed, and cap rates on deals appear to be reaching historic levels. At the same time, the market is changing dramatically. The Affordable Care Act (the “ACA”) […]
Washington Nursing Facility Sells for $6.6 Million Shoreline Health and Rehab, a 106-bed skilled nursing facility in Shoreline, Wash., recently sold for $6.625 million, a purchase price driven, in part, by its $3 million renovation in 2012, according to Evans Senior Investments, which facilitated the sale. “Although well-managed from an expense perspective, the facility historically […]
Recognizing that the aging U.S. population is set to drive demand to unprecedented levels, companies that have focused on other kinds of real estate now are turning to senior housing. For instance, recent months have seen multifamily mainstays Alliance Residential and Drever Capital Management enter the senior living space. While these companies are planning ambitious, […]
A month after Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced its pipeline would more than double, the senior housing investor is making good on its promise with a nine-property senior housing portfolio acquisition and a 10-property development pipeline. The real estate investment trust has agreed to purchase a nine-property senior housing portfolio in Canada for approximately […]
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