Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million

Brookdale Senior Living recently purchased Grand Court retirement home from Ventas Realty Limited Partnership for $15.95 million, reports the Business Review. The buyer is listed as BLC Fort Myers-GC LLC, with Chicago-based law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP listed on the deed. Grand Court is a 183-unit independent living facility that features a […]

Senior Housing REITs, Operators, Looking into ACOs

There’s been some buzz recently around the accountable care organization (ACO) model found within President Obama’s healthcare reform bill, as the senior care industry looks into partnering up with other providers in the continuum of care to provide the best possible outcomes for patients. Even though much of the bill won’t go into effect until […]

REITs Dish on Senior Housing Development Plans; HCP Partnering with Brookdale

Construction for seniors housing is still very low, according to the National Investment Center for the Seniors Housing & Care Industry, but if the most recent round of quarterly earnings calls are any indication, it looks like some real estate investment trusts (REITs) are cautiously beginning to finance some development projects. HCP, Inc.: Partnering with Brookdale for […]

Brookdale Acquires $121.3 Million Senior Living Portfolio

Brookdale Senior Living, Inc. (NYSE:BKD) announced on Feb. 14 that it had recently completed the acquisition of nine senior living communities with a total of 1,295 units for an aggregate purchase prices of $121.3 million, as well as customary transaction expenses. Brookdale previously operated these communities, which were under long-term leases accounted for as operating […]

Senior Housing RIDEA Deals a Lasting Trend, Messy Divorces Unlikely

Although real estate investment trusts (REITs) face higher risks when entering into a RIDEA structure with senior housing operators, it’s risk that’s well thought out, and the management structure will become increasingly important going forward, analysts say. RIDEA, which comes from and is an acronym for the REIT Investment Diversification and Empowerment Act of 2007, […]