WSJ: Medicare Cuts to Skilled Nursing Hit Health Care REIT Stocks

After news of Medicare’s decision to slash payments to skilled nursing facilities broke on Friday, Health Care REITs are feeling the pain reports the Wall Street Journal. The steep 11.1% cuts to fiscal year 2012 wasn’t expected and investors started to fear it could impair rent payments from skilled nursing tenants. Omega Healthcare Investors recently […]

Ventas CEO: Diverse Portfolio is Key to Health Care REIT Growth

The year has been full of REIT acquisitions and Ventas (NYSE: VTR) recently closed on the purchase of Health Properties, Inc. (NYSE: NHP) for $7.6 billion, creating one of the largest publicly-traded REITs. Other Ventas’ acquisitions include Lillibridge Healthcare Services and Atria, effectively doubling the size of the company.  Debra Cafaro, chairman and chief executive officer of […]

Grubb & Ellis Healthcare REIT II Acquires $75 Million Skilled Nursing Portfolio

Grubb & Ellis Healthcare REIT II announced the acquisition of a five-building portfolio of skilled nursing facilities located throughout Philadelphia for $75 million. In aggregate the portfolio has approximately 392,000 sq. ft. and 1,200 patient beds. Since 2001, more than $33 million in capital improvements have been completed throughout the portfolio, which is now leased […]

Sabra CEO: Policy Changes Will Drive Skilled Nursing Demand

Sabra Health Care REIT (Nasdaq:SBRA) sees great value in skilled nursing as well as assisted living and memory care facilities.  Rick Matros, chairman and CEO of Sabra recently sat down with at its Investor Forum in New York and explained why skilled nursing facilities are a “sweet spot” for health care real estate. “I think skilled […]

CNL to Raise $3 Billion for New REIT Targeting Senior Living and More

CNL Financial Group (CNL) launched CNL Properties Trust, Inc., a fund that intends to qualify as a real estate investment trust (REIT) last week. The company hopes to raise up to $3 billion in capital over the next two years and invest in multiple asset classes, including senior living and health care, lifestyle, lodging and specialty properties. […]

Ventas Completes Acquisition of NHP for $7.6 Billion

Ventas, Inc. (NYSE: VTR) said on Friday it completed the acquisition of Nationwide Health Properties, Inc. (NYSE: NHP) in a stock-for-stock transaction for $7.6 billion, creating one of the largest publicly-traded REITs. “With the completion of the NHP acquisition, Ventas is a $23 billion enterprise poised to thrive in the dynamic and growing healthcare real […]