LTC Enters $141 Million Mortgage Loan Agreement with Prestige LTC Properties, Inc. (NYSE:LTC) announced recently it has entered a $141 million mortgage loan agreement with affiliates of Prestige Healthcare, secured by 15 properties with a total of 2,092 licensed skilled nursing beds and 24 independent living units in Michigan. The loan has a 30-year term […]
Category: Stocks
Brookdale Senior Living (NYSE:BKD) launched a self described “game changing” national branding campaign in May and it’s already seeing a positive impact. While the campaign is a long term initiative, recent indicators show the branding push is having a positive impact. Comparing data from 90 days prior to the launch and 90 days after, website traffic […]
While Ventas (NYSE:VTR) hasn’t completed any major senior housing acquisitions to date in 2013, the market for growth through acquisitions remains very strong. The Chicago, Ill.-based real estate investment trust (REIT) says there are a variety of acquisition opportunities it’s looking at, from individual properties to regional players, and large portfolios. “The market is dynamic and there […]
Extendicare Inc. (TSX: EXE) will split up its U.S. and Canadian businesses, the company announced in its first quarter 2013 results . The company’s board of directors cited contrasting regulatory environments between the two nations have “long presented challenges to the market.” “This divergence has been emphasized by the significant change in the U.S. operating […]
Genworth Financial (NYSE: GNW) saw its stock rating downgraded from “Neutral” to “Underperform” this week in a report from global financial services company Credit Suisse, related to continued uncertainty in the long-term care insurance industry. The downgrade comes following the recent rally in shares reached in late July to early August of more than […]
Sunrise Stockholders Approve Acquisition by Health Care REIT, Completed Jan. 9 Sunrise stockholders voted at a special meeting on Monday to approve the company’s previously-announced merger with Health Care REIT, Inc. (NYSE:HCN). A majority (98.3%) of the votes case by Sunrise stockholders were in favor of this proposal, representing 69.4% of the shares of common […]
Sunrise Senior Living (NYSE:SRZ) announced last Friday that its sale to Health Care REIT (NYSE:HCN) and spin-off sale of its management business is expected to close by January 9, 2013. In connection with the proposed merger and sale of Sunrise’s management business to affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), affiliates of Beecken […]
Ventas Sells $925 Million of Senior Notes Ventas Inc. (NYSE:VTR) subsidiaries Ventas Realty, Limited Partnership and Ventas Capital Corporation recently announced the issuance and sale of $700 million aggregate principal amount of its 2.00% senior notes due 2018 and $225 million principal amount of their 3.25% senior notes due 2022. View the 8-K. Cambridge Closes […]
Sunrise Senior Living (NYSE:SRZ) CEO Mark Ordan might not get an official “Turnaround Artist of the Year” award, but he will be getting a hefty, nearly $16.8 million compensation package following the completion of the company’s acquisition by Health Care REIT (NYSE:HCN). His work as the company’s top executive isn’t quite done, as the deal […]
Greystone & Co. Affiliate Closes $33 Million Affordable Housing Transaction in N.C. Greystone & Co., Inc. affiliate Greystone Affordable Housing Initiatives LLC (GAHI), a provider of affordable housing recapitalization and rehabilitation transaction management services, announced on Monday that it had closed a $33 million multifamily housing rehabilitation transaction in North Carolina that includes senior housing […]
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