Transactions & Financings: Ventas’ $490M Colony Capital Refinancing; BPM Senior Living Portfolio Sold

Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]

Transactions & Financings: Ensign Group’s Campus Acquisition; LTC Transitions Thrive Communities

The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]

Barrack Returns as Colony Capital CEO, Expresses Frustration with Health Care Assets

Some sizable changes are afoot at Colony Capital (NYSE: CLNS), the company formerly known as Colony NorthStar. The firm is a major owner of U.S. senior housing real estate, but its new CEO suggested that it may shrink that part of its portfolio as disposition opportunities arise. Tom Barrack, a businessman and sometimes-confidant of President Donald Trump, is […]

Colony Capital Foresees Senior Housing Pressure, Continues Portfolio Restructuring

Leaders with Colony Capital (NYSE: CLNY) expect continued headwinds to affect the company’s senior housing portfolio but believe that conditions are improving for skilled nursing facilities. Meanwhile, the Los Angeles-based real estate investment trust (REIT) is continuing to restructure its health care portfolio, most recently converting a RIDEA arrangement to a triple-net lease. Overall, the […]

[Updated] NorthStar, Colony Merger to Create $17 Billion REIT

NorthStar Realty Finance (NYSE: NRF), a real estate investment trust that is a major owner of senior housing real estate, will be merging with its current external manager, NorthStar Asset Management (NSAM), and private equity firm Colony Capital Inc. (NYSE: CLNY). The all-stock merger is expected to create a diversified global equity REIT with a […]

NorthStar Realty in Merger Talks to Create Large-Scale REIT

NorthStar Realty Finance (NYSE: NRF), a significant owner of senior housing properties, could merge with Colony Capital Inc. (NYSE: CLNY) and NorthStar Asset Management Group (NYSE: NSAM) into a single real estate investment trust if talks currently underway result in a deal, the three companies recently confirmed in a joint statement. The news comes several […]