A group of long-term care veterans led by former AVIV REIT chairman Craig Bernfield are launching a new private company to acquire, develop and enter into triple-net leases on health care real estate for seniors. Hana2.0 Property Group will initially focus equally on assisted living and skilled nursing assets, co-President Jeff Marshall told Senior Housing […]
Aviv REIT
Health care real estate investment trusts (REITs) have been the most active investors in senior housing properties of late, dishing out hundreds of millions of dollars to acquire massive portfolios. But the full force of their blockbuster potential may still be yet to come. Currently, health care REITs own about 12% of all the institutional […]
Omega Healthcare Investors, Inc. (NYSE: OHI) has completed its acquisition of all of the outstanding shares of Aviv REIT, Inc. (NYSE: AVIV), finalizing a high-profile stock-for-stock merger that creates a real estate investment trust (REIT) with total market capitalization of approximately $11.1 billion, Omega announced Wednesday. The deal forms a combined company with equity market […]
A little more than a month after announcing its acquisition of 29 properties from Diamond Senior Living, Chicago-based Aviv REIT, Inc. (NYSE: AVIV) today closed the transaction valued at $305 million. The deal, which was Aviv’s largest acquisition in three decades, included 23 skilled nursing facilities and one office building, with the remainder comprising assisted […]
The year in review for the senior housing mergers and acquisition market could be characterized by several traits, primarily the insatiable appetite among investors nurtured by billion-dollar blockbuster transactions. Both publicly- and non-traded REITs, private equity firms, as well as other operators were the players, acquiring senior housing and health care real estate and an […]
Following the recent mega merger with Omega Healthcare Investors (NYSE: OHI), Aviv REIT, Inc. (NYSE: AVIV) announced its largest acquisition in 30 years, at $305 million for 29 properties, the Chicago-based real estate investment trust announced Wednesday. Aviv entered into a definitive agreement with Diamond Senior Living, LLC, a subsidiary of General Electric (GE) Credit Corporation of Tennessee, […]
SQLC Announces Completion of Land Acquisition Senior Quality Lifestyles Corporation (SQLC), a Dallas-based nonprofit developer of senior living communities, has announced the completion of the land purchase for expansion of The Buckingham, a 501(c)(3) nonprofit life care community located in the Memorial neighborhood of Houston. The land acquisition consists of six acres adjacent to the […]
Senior Living Investment Brokerage Handles $5.3M Sale Senior Living Investment Brokerage, Inc. recently facilitated the $5.32 million sale of three small assisted living communities in Southeast Michigan with a total of 78 units. The communities are all located within one mile of one another in Temperance, Mich. and were sold by an owner/operator looking to […]
Cahill Group Buys $250 Million Senior Care Portfolio Cahill Group recently announced it has completed the $250 million acquisition of the Rosewood skilled nursing and health care portfolio, based in St. Louis, Missouri. The acquisition includes skilled nursing facilities, senior living, home health, and other related management and service companies in St. Louis and Illinois, […]
Some of the top healthcare-focused real estate investment trusts are spending big bucks on senior housing development, if presentations made during Tuesday’s Stifel Nicolaus conference are any indication. Sabra Healthcare REIT (NASDAQ:SBRA), Ventas (NYSE:VTR), LTC Properties, Inc. (NYSE:LTC) and Aviv REIT (NYSE:AVIV) all presented during the 2014 Stifel Nicolaus Senior Housing and Healthcare Real Estate […]
Subscribe
Receive industry updates and breaking news from SHN