Chicago-based real estate investment trust Aviv REIT announced today it has acquired four senior housing properties in Ohio and Indiana for $44.9 million. The first three properties are located on a campus in Ohio, which includes an assisted living facility, a post-acute and long-term care skilled nursing facility (SNF) and a long-term acute care hospital […]
Aviv REIT
Aviv REIT Acquires Five SNFs for $42 Million Aviv REIT, Inc. (NYSE: AVIV) announced this week that it has acquired five post-acute and long-term care skilled nursing facilities (SNFs) located in Ohio and Arkansas in two separate transactions for $42.2 million. Four of the properties are triple-net leased to new Aviv operator Peregrine Health Services […]
Two Assisted Living Homes Sell for $19 Million Senior Living Investment Brokerage, Inc., facilitated the sale of two assisted living properties for $19.1 million located in Ellijay and Canton, Georgia. The personal care homes sold in the deal, Cameron Hall Canton and Cameron Hall Ellijay, comprise 153 units of assisted living and memory care services, with […]
NHI Buys Senior Living Campus for $12 Million National Health Investors, Inc. (NYSE: NHI) announced last week a $12 million acquisition of a 120-unit retirement community in Rainbow City, Ala. Built in 2003, the Regency Point Retirement Community contains 72 rental independent living units, 36 assisted living units and 12 memory care units, altogether having […]
Care Investment Trust Closes Acquisition of 2 Senior Housing Assets Care Investment Trust LLC, a subsidiary of Tiptree Financial Inc. (NASDAQ:TIPT) that focuses on senior housing real estate investment, and privately-held senior housing owner and operator Premier Senior Living, L.L.C., recently announced the closing of a previously announced acquisition of two senior housing facilities located in […]
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 […]
Much ado is made about the blockbuster deals made in recent quarters by the Big 3 REITs, but while Ventas, HCP, and Health Care REIT fight for the large, high-quality senior housing portfolios, smaller-cap REITs are quietly snatching up their own deals at more stable—and reasonable—cap rates. Senior Housing Properties Trust (NYSE:SNH), for example, is […]
Manor Village Life Centers Sells Senior Housing Property for $31 Million An affiliate of Rauls Convalescent Home Inc., based in Macon, Ga., recently purchased Manor Village at Preston, a senior housing apartment complex, for $31 million, reports the Triangle Business Journal. The new owner is changing the name of the 166-unit community to Preston Pointe. […]
As high-quality portfolio investment opportunities for senior housing-focused real estate investment trusts (REITs) dwindle, the large-cap U.S. REITs are expected to chase growth opportunities abroad. “I would not be surprised at all to see more growth coming outside of the U.S.,” says Jeff Theiler, a research analyst with Green Street Advisors. “As the pool of large, […]
Stock for healthcare real estate investment trust Aviv REIT (NYSE:AVIV) was up double digits as of noon Eastern on Thursday during its first day of trading on the New York Stock Exchange. Aviv announced on Wednesday the pricing of its initial public offering of 13.2 million shares of common stock at a public offering price […]
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