Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]
American Healthcare Investors
Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
The Covid-19 delta variant has slowed Brookdale Senior Living’s (NYSE: BKD) occupancy recovery, which has been on a six-month upward trend. In particular, growth appears to be slowing in states and markets where the delta variant is spreading the fastest, the Brentwood, Tennessee-based owner-operator declared in a 8-K form filed Tuesday with the Securities and […]
National Healthcare Investors (NYSE: NHI) and American Healthcare Investors (AHI) have seen senior living occupancy backslide in recent weeks during the surge in Covid-19 cases related to the delta variant. However, leaders with the two companies are optimistic that the tide might be turning again. And, they anticipate that the fourth quarter of 2021 could […]
If all goes according to plan, the largest-ever public offering for a health care real estate investment trust (REIT) could occur next year — involving a company that owns more than 11,500 senior housing beds. Two non-traded REITs — Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) — […]
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Griffin-American REIT IV Acquires 9-Property Portfolio A portfolio of nine properties throughout the greater Tampa and Orlando areas sold for $109.5 million in early November. Griffin-American Healthcare REIT IV acquired the 1,140-unit portfolio from New Senior Investment Group (NYSE: SNR). Griffin-American Healthcare REIT IV is co-sponsored by American Healthcare Investors and Griffin Capital Company LLC. […]
Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]
Welltower Executive Announces Retirement From Current Position Erin C. Ibele, the executive vice president, head of human capital and corporate secretary for health care real estate investment trust (REIT) Welltower Inc. (NYSE: HCN), announced she will retire from her current position with the company on June 30. Welltower entered into an agreement regarding the terms […]
HCP Names New General Counsel and Executive Promotions HCP, Inc., one of the “Big Three” health care real estate investment trusts (REITs), has promoted Troy E. McHenry to executive vice president, general counsel and corporate secretary. McHenry will succeed James W. Mercer, who will retire Feb. 5. but will provide consoling services through the end […]
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