Formation Capital, Safanad Acquire 14 SNFs for $150 Million

Two heavy-hitting investment firms are expanding their footprint in the post-acute care sector through the acquisition of 14 skilled nursing facilities in the mid-Atlantic for about $150 million in total. The deal reflects a multi-year strategic partnership between healthcare-focused private investment firm Formation Capital and global principal investment firm Safanad. The portfolio includes 1,658 beds with 11 facilities […]

NPR Spotlights Senior Care Tech Innovation

A recent report from NPR dipped into the realm of senior care and the bustling technologies that hope to cash in on an industry valued at $2 billion. At the center of the NPR spotlight is Aging2.0, a San Francisco-based startup company that seeks to accelerate the business of fledgling companies trying to break into […]

Most Popular News of the Week: REIT Mega-Deal Averted, Amenities Key to Repositioning

In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Brookdale-Emeritus Merger Averted REIT Mega-Deal—It turns out Brookdale Senior Living (NYSE:BKD) wasn’t the only suitor looking to acquire Emeritus, but was just one among several other unnamed interested buyers, several of which analysts suggest may have been real estate […]

Formation Capital Sees Big Opportunity in Senior Tech Startups

Health care reforms are paving the way for a slew of newer, innovative technologies that help improve quality of care at lower costs, and one senior housing investment group is seeing a big opportunity to fund fledgling startups focused specifically on senior care. Generator Ventures is an early-stage fund focused on startups in aging and […]

Top 5 Posts of the Week: NorthStar Makes $1 Billion Senior Living Investment

In case you missed it… here are the top five stories grabbing Senior Housing News reader attention this week: NorthStar to Acquire 80 Senior Living Properties in $1.05 Billion Deal—Real estate investment trust NorthStar Realty Finance Corp. (NYSE:NRF) announced it will acquire a $1.05 billion, 80-property senior housing and care portfolio from investment partnerships owned […]

[UPDATE] NorthStar to Acquire 80 Senior Living Properties in $1.05 Billion Deal

NorthStar Realty Finance Corp. (NYSE:NRF) announced Monday an agreement to acquire a $1.05 billion senior housing and care portfolio from investment partnerships owned and managed by Formation Capital, LLC and Safanad Limited. The healthcare real estate portfolio consists of more than 8,500 beds in 43 mostly private-pay senior housing communities and 37 skilled nursing facilities. […]

The Rise of Nontraded Healthcare REITs in Senior Housing

Nontraded real estate investment trusts have made a splash in the senior housing and healthcare real estate market in the last few months, with some investors pointing to their impact as 2014’s biggest deal driver. Similar to REITs that trade on public exchanges, nontraded REITs also invest in real estate and must also distribute at […]

Skilled Nursing M&A to Hinge on Mom-and-Pops in 2014

Skilled nursing mergers and acquisitions in 2014 are likely to be fueled by ongoing regulatory and reimbursement uncertainty and its impact on small operators, brokers and investors agree. “Our pipeline is deeper on the nursing home side because of the uncertainties,” says Jeremy Stroiman, CEO of brokerage firm Evans Senior Investments. The 2014 M&A opportunity lies with […]

American Realty Capital Buys Senior Housing Property for $71 Million

American Realty Capital has completed the acquisition of a Class A senior housing community in Katy, Texas, purchased for $71.25 million from Formation Development Group, LLC and affiliates of The Carlyle Group. HFF marketed The Solana at Cinco Ranch, a 184-unit independent living, assisted living, and memory care community, on behalf of the sellers. The […]