In the latest Insider Newsletter from the National Investment Center for the Seniors Housing and Care Industry, the group sits down with Bill Shine, the Senior Director of Synovus Financial Corporation. During the interview, Shine discusses the company’s recent entrance into the senior housing space and its plans for the future. While the majority of senior housing […]
Category: REIT
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 […]
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 […]
Sabra Health Care REIT (NASDAQ:SBRA) said it entered into an agreement to acquire four skilled nursing facilities for $97.5 million on Monday. Located in the Mid-Atlantic region with a total of 500 beds, the facilities will be operated under a long-term lease and is expected to provide an initial yield on cash rent of 8.75%. Three […]
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 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 REIT.com 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 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, 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 […]
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