There may be risks facing the senior housing market in the coming months and years, but that isn’t stopping top industry players from keeping an overwhelmingly positive outlook on the sector. Bolstering that attitude is the perfect storm of rising occupancy levels, attractive returns, low cost of capital and assets that are “priced to perfection” […]
American Realty Capital Healthcare Trust
The formerly non-listed real estate investment trust American Realty Capital Healthcare Trust, Inc. (NASDAQ:HCT) began trading on April 7 on the NASDAQ Global Select Market. Created in 2011 as a public non-listed REIT focused on healthcare real estate, ARC Healthcare stock closed at $10.55 on Monday after reaching a high of $10.70, with approximately 1.6 […]
Nontraded real estate investment trusts have made a splash in the senior housing and healthcare real estate market in the last few months, with some investors pointing to their impact as 2014’s biggest deal driver. Similar to REITs that trade on public exchanges, nontraded REITs also invest in real estate and must also distribute at […]
Wall Street’s self-regulator, the Financial Industry Regulatory Authority, is planning some rule changes for non-traded real estate investment trusts, reports the Wall Street Journal. Those changes include requiring this segment of the REIT market to improve disclosures on fees, along with a faster timeline for reporting changes to property values in their portfolios. “The move […]
American Realty Capital Buys 2 ALFs for $27.6 Million American Realty Capital Healthcare Trust recently acquired two assisted living communities from Principal Senior Living Group for $27,550,000. The two-property assisted living and memory care portfolio consists of 147 beds in 123 units. Benton House, located in Covington, Ga., has 59 units with 72 beds and […]
New York-based American Realty Capital Healthcare Trust recently acquired a 5-property portfolio of senior living communities in Georgia and Florida from Principal Senior Living Group for $85,750,000. The Alpharetta, Ga.-based seller, represented by Senior Capital Advisors, will continue to manage the properties under a 5-year management agreement. The 369-unit, 448-bed portfolio of independent living villas […]
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