Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]
Brookfield Financial
HCP Inc. (NYSE: HCP) is feeling a bit of financial pressure due to a skilled nursing company that’s struggling to repay a loan. The Irvine, California-based real estate investment trust (REIT) is expecting that the resulting material impairment will exceed $20 million. The skilled nursing company in question—Tandem Health Care—currently owns 32 post-acute or skilled […]
Welltower (NYSE: HCN) and Revera Inc. announced Monday the completion of the previously announced acquisition of Regal Lifestyle Communities Inc. (TSX: RLC) through an existing 75/25 joint venture. The transaction comes in at C$12 per share in cash, a total enterprise value of about C$764 million, or $581.51 million in U.S. dollars. The transaction was originally pegged at […]
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