American Healthcare REIT is gearing up for its initial public offering (IPO) and is aiming to raise $700 million, Bloomberg reported on Tuesday. The REIT’s primary operating partner is Louisville, Kentucky-based Trilogy Health Services, which is one of the nation’s largest senior living and skilled nursing providers. “Trilogy constitutes more than a third of American Healthcare REIT’s […]
Griffin-American Healthcare REIT III
Acquisitions Green Courte Partners Announces Three Active Adult Acquisitions Green Courte Partners has announced that its investment fund, Green Courte Real Estate Partners V, and its affiliates have acquired three active adult cottage communities in the Oklahoma City area. The acquisitions bring the firm’s active adult portfolio to 17 communities, all of which are managed […]
Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]
National Healthcare Investors (NYSE: NHI) and American Healthcare Investors (AHI) have seen senior living occupancy backslide in recent weeks during the surge in Covid-19 cases related to the delta variant. However, leaders with the two companies are optimistic that the tide might be turning again. And, they anticipate that the fourth quarter of 2021 could […]
Integral Senior Living (ISL) has taken over operations of six senior living communities owned by Griffin American Healthcare REIT III amid an effort to scale up its operations across the U.S. The communities are located in Mishawaka, Hobart, La Porte and Elkhart, all in Indiana; and Niles, Michigan. They were formerly operated by Bethesda, Maryland-based […]
If all goes according to plan, the largest-ever public offering for a health care real estate investment trust (REIT) could occur next year — involving a company that owns more than 11,500 senior housing beds. Two non-traded REITs — Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) — […]
Scottsdale, Arizona-based Cadence Living has taken over operations for a seven-property, 402-unit senior living portfolio in North Carolina owned by Griffin-American Healthcare REIT III. The assisted living and memory care portfolio was previously operated by Raleigh, North Carolina-based Carillon Assisted Living. Carillon also recently exited a nine-property portfolio owned by Chicago-based real estate investment trust […]
Randall Bufford is stepping down as president and CEO of Trilogy Health Services, to be succeeded by current COO Leigh Ann Barney. Bufford will transition to chairman of the board for the Louisville, Kentucky-based provider, effective Oct. 1, 2019, the company announced Friday. “I’ve been planning for this transition for over 10 years,” said Bufford, […]
Ventas Completes Acquisition of $1.5 Billion Life Sciences Portfolio Health care real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) completed its previously announced acquisition of a $1.5 billion portfolio of Wexford Science & Technology, LLC life sciences buildings. Ventas acquired the properties from affiliates of Blackstone Real Estate Partners VIII L.P., completed Sept. 1. […]
Welltower Executive Announces Retirement From Current Position Erin C. Ibele, the executive vice president, head of human capital and corporate secretary for health care real estate investment trust (REIT) Welltower Inc. (NYSE: HCN), announced she will retire from her current position with the company on June 30. Welltower entered into an agreement regarding the terms […]