Genesis Sells 18-Property Assisted Living Portfolio

Genesis Healthcare (NYSE: GEN), one of the nation’s largest post-acute providers, announced Monday that the company has sold 18 of its assisted living assets located in Kansas. The financial terms of the sale and the buyer were not disclosed. Kennett Square, Pennsylvania-based Genesis used the sale proceeds to repay $54.2 million of its existing bridge loan […]

How Genesis is Seeking Lion’s Share of Post-Acute Market

Anticipating increased competition for referrals, one of the nation’s largest post-acute care providers is going big on alternate payment models in an effort to corner more of the market. Genesis HealthCare (NYSE: GEN) is seeking accountable care organization status for one of its physician groups and is ramping up involvement in a Medicare bundled payment […]

‘Crazy Prices’ Keep Welltower Sidelined on Deals

Earnings for Welltower Inc. (NYSE: HCN) for the third quarter reflect record-high funds from operations (FFO) and funds available for distribution (FAD), but soaring asset prices and fluctuating cap rates have the real estate investment trust holding off on major deals. “I think you’ve seen, if you just look at this quarter, our investment activity was […]

Owners, Operators Design Plays for $100 Billion Skilled Nursing Market

With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]

Inside Mainstreet’s Newest Next Generation Partnership

Armed with a five-year, $5 billion development pipeline, it is clear that developer Mainstreet is betting big on its vision to transform the traditional post-acute skilled nursing facilities of days past. But this quest is not one the company is undertaking alone. The Carmel, Ind.-based Mainstreet has entrusted few operating partners with carrying out its […]

The 221 Million Opportunities for Senior Living Developers in China

A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]

Genesis to Acquire $240 Million SNF Portfolio From Revera

Genesis HealthCare (NYSE: GEN) announced Monday that the company has signed an asset purchase agreement with Revera Inc. to acquire 24 of its U.S. skilled nursing facilities along with its contract rehabilitation business for $240 million. Under the agreement, Genesis will acquire the real estate of 20 of the 24 facilities and will enter into a long-term lease […]

Moving the Needle: REITs Adapt to New Senior Housing Era

Senior housing and care has attracted a growing amount of interest among investors who are are eager to capitalize on the industry’s favorable market fundamentals. Some of the top investors, health care real estate investment trusts (REITs), have been players in the space for years — but their growth strategies may soon be changing. With […]

In the Pipeline: Senior Housing Construction Projects (5/14/15)

Construction: Planned Developers Plan Luxury Senior Living Complex for Hilton Head Island Bayshore Retirement Partners plans to build a five-stroy, luxury senior living community on South Carolina’s Hilton Head Island, reports The Island Packet. The building will include 126 one- and two-bedroom units, a library, dining facilities, a pool, a full-service bar and lounge, a […]

Senior Housing Investments & Transactions: Capital Senior Living

American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]