In the wake of Sunrise Senior Living (NYSE:SRZ) agreeing to be bought by Health Care REIT (NYSE:HCN), senior living investors are riding a wave of interest in the industry as boosted stock prices reflect favorable occupancy trends and payment rates along with other factors, according to the Tenneseean.com. The senior living industry—including independent living, assisted […]
Category: REIT
Griffin-American Healthcare REIT II, Inc., announced on Wednesday the acquisition of a 13-property portfolio of senior care communities along with seven medical office buildings (MOBs) located in Illinois, Texas, Tennessee, and Georgia for a total of approximately $103 million. “We seek to acquire properties that provide multiple levels of diversification to Griffin-American Healthcare REIT II,” […]
Canada is “going gangbusters” on growth in the senior housing and care industry, reports the National Real Estate Investor, and Chartwell Seniors Housing REIT—one of the country’s largest in the sector—is making moves to pull out of its holdings in the U.S. in favor of focusing closer to home. In the second quarter, Chartwell sold […]
And so it begins: Backed with financing from Health Care REIT (NYSE:HCN), Sunrise Senior Living (NYSE:SRZ) is starting to buy out its joint venture partners’ interests in some senior living portfolios, according to an 8-K that was filed today. Two of the national chain’s entities have entered into purchase and sale agreements, one with HVP Sun […]
Health Care REIT Inc. (NYSE:HCN) recently purchased three Florida assisted living facilities from Royal Senior Care LLC for $64.6 million, report the South Florida Business Journal and the Jacksonville Business Journal. The Sunrise Atrium was bought for $31.54 million by HCN affiliate HCRIX Royal from RSC Atrium. The 160-unit community is located on 2.3 acres in […]
When Toledo, Ohio-based Health Care REIT (NYSE:HCN) announced on Wednesday that it was acquiring all of the approximately 58.3 million outstanding shares of national senior living provider Sunrise Senior Living (NYSE:SRZ) for $14.50 a share, it didn’t exactly get a bargain—but it did make a smart long-term investment, analysts agree. Despite the steep price tag, […]
On Wednesday, Toledo, Ohio-based Health Care REIT, Inc. (NYSE:HCN) and McLean, Va.-based Sunrise Senior Living (NYSE:SRZ) announced a mammoth merger and acquisition deal with a real estate value of $1.9 billion—a figure that has the potential to grow substantially bigger in upcoming years—but there are still plenty of details that need to be hammered out. For one, […]
Health Care REIT, Inc. (NYSE:HCN) announced on Wednesday that it will acquire all of the approximately 58.3 million outstanding common stock of national senior living chain Sunrise Senior Living (NYSE:SRZ) for $14.50 per share in an all-cash transaction, totaling about $845 million. The Toledo, Ohio-based REIT will acquire Sunrise’s 20 wholly-owned senior housing communities along […]
Berkadia Originates $25.8 Million in Supplemental Loans for Capital Senior Living Berkadia Commercial Mortgage LLC’s Lenox, Mass. office recently closed on $25.8 million of supplemental financing on a portfolio of loans for affiliates of Capital Senior Living Corporation. Christopher Fenton, a vice president at Berkadia, worked with lenders at Fannie Mae and Freddie Mac to […]
National Health Investors (NYSE:NHI) saw its normalized funds from operations (FFO) rise 6% to $21.4 million, or $0.73 per diluted share, in the second quarter ended June 30, 2012, primarily as a result of revenues from the real estate investment trust’s new investments it funded, at $82.4 million in 2011 and $29.6 million so far […]
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