Senior Housing Investments & Transactions: CHA, Griffin-American Healthcare REIT III

Chicago Housing Authority to Buy Presbyterian Homes Senior Apartments for $19 Million The Chicago Housing Authority (CHA) closed a $19 million deal to acquire three affordable housing apartment buildings for seniors in order to save dozens of senior residents from eviction, DNAinfo reported. The sale closed March 2. The apartments included 111 units, 71 of […]

Assisted Living, SNF Prices Reach Record Highs

The last year was marked by sky-high prices and low cap rates as reported by senior housing real estate investment trusts (REITs) in quarterly earnings calls, and now the numbers prove that perhaps they’ve been holding off on deals with reason. The average price for skilled nursing facilities soared to a new record of $85,900 per […]

NorthStar Healthcare Completes $1.8 Billion Capital Raise

Coming off a year chock full of blockbuster acquisitions, one of the nation’s largest alternative investment sponsors and asset management firms has reached its capital raising goal for its senior housing real estate investment trust (REIT). NorthStar Healthcare Income, a non-traded publicly registered REIT that primarily invests in senior housing facilities and skilled nursing, completed […]

Senior Housing Investments & Transactions: Trilogy Health Services, LTC Properties

NorthStar, Griffin-American Close on $1 Billion Trilogy Acquisition It’s official—the $1.125 billion acquisition of Trilogy Health Services LLC has been finalized. NorthStar Healthcare Income, Inc. on Tuesday announced the completion of the acquisition, pursuant to a joint venture with Griffin American Healthcare REIT III, Inc. Under the agreement, Griffin-American will own 70% of the joint […]

Post-Acute Plus Assisted Living: Attractive Investment or Risky Endeavor?

Interplay between skilled nursing facilities (SNFs) and assisted living communities is certainly nothing new, but some signs suggest it makes more sense than ever to co-locate these services. Yet, even with the implementation of the Affordable Care Act and further emphasis on moving patients through the continuum of care as efficiently as possible, industry leaders see […]

Feds Call for Revamp of Post-Acute Rehab Payments

Skilled nursing facilities again are taking fire for patterns of Medicare billing related to therapy services. SNFs’ Medicare payments for therapy greatly exceed their costs, and the federal government should reevaluate the way that these providers are reimbursed, according to a report issued Wednesday by the Department of Health and Human Services Office of Inspector […]

Editor’s Picks: Largest Senior Housing Owners, Do-Gooder Seniors Strip

This week, SHN readers delved deeper into the $1 billion acquisition of Trilogy Health Services LLC and learned who topped this year’s list of the largest senior housing owners and operators. Other top stories involved different technologies that help increase senior housing revenue and innovative programs aimed at upping senior living referrals. Here in the […]

Inside Trilogy’s $1 Billion Deal

The implications of the $1.125 billion acquisition of Trilogy Health Services LLC are becoming clearer, suggesting a potential change in the REIT landscape making deals more competitive and potentially constraining cap rates. Trilogy was acquired by Griffin American Healthcare REIT III, Inc. in a joint venture with NorthStar Healthcare Income, Inc., the companies announced last […]

[UPDATE] Trilogy Health Services to Be Acquired for $1.1 Billion

Griffin American Healthcare REIT III, Inc. will acquire Louisville-based Trilogy Health Services LLC in a $1.125 billion RIDEA joint venture with NorthStar Healthcare Income, Inc., the companies announced Tuesday. Griffin American will own 70% of the joint venture and act as its manager, while NorthStar Healthcare—a public, non-traded REIT— will own 30%. Trilogy founder and CEO Randy […]