Here’s a quick look at how senior housing and care-related real estate investment trusts fared during the second quarter of 2012, including FFO, net income, revenues, and, when available, guidance. We’ve also included acquisition and development activities and outlooks for some of the REITs based on what was said during their respective earnings calls. HCP’s […]
Health Care REIT
Toledo, Ohio-based Health Care REIT, Inc. (NYSE:HCN) plans to come out swinging in the third quarter with about $925 million of healthcare-related acquisitions, with about $854 million of that designated for seniors housing properties. The healthcare real estate heavyweight announced on Monday, Aug. 6 that it anticipates acquiring approximately $925 million of seniors housing and […]
Toledo, Ohio-based Health Care REIT recently acquired a Florida assisted living and memory care community for $30 million in a sale-leaseback transaction, reports the Herald-Tribune. The REIT purchased the operation, the Windsor at Lakewood Ranch, from companies belonging to Timothy J. Buchanan and Stephen D. Russell. The acquisition includes two buildings, one that is 70,000 […]
Chicago-based developer Senior Lifestyle Corp. confirmed it has sold two local senior housing projects in a sale-leaseback transaction. The transaction includes Autumn Green at Midway Village, a 121,600-square-foot retirement community in the West Lawn neighborhood of Chicago with 100 independent living and 23 assisted living units. The community opened in 2005 and is located adjacent […]
Health Care REIT, Inc. recently bought a senior housing community from a subsidiary of Senior Lifestyle Corporation for $38 million, reports CoStar. The community consists of two apartment buildings located in Greendale, Wisc., with a total of approximately 250,300 square feet. The properties were under contract for about two months prior to closing and were […]
Health Care REIT Closes New $250 Million Canadian Loan with Accordion Feature Health Care REIT, Inc. (NYSE:HCN) announced on Thursday, May 24 that it had closed on a $250 million Canadian denominated unsecured term loan (approximately $244 million in U.S. dollars). The loan is coterminous with the REIT’s $2 billion (USD) unsecured revolving credit facility, […]
Healthcare real estate investment trust Health Care REIT (NYSE:HCN) recently released its first quarter earnings report and held an earnings call discussing the quarter; highlights include a focus on its partnership with Genesis HealthCare; increasing value through private pay portfolios; and growing a post-acute platform. Back in February 2011, Health Care REIT acquired most of […]
When designing new (or renovating existing) senior housing projects, there needs to be an emphasis on the ability to transition or convert between different kinds of care units, a panel of senior living industry executives agreed at a session during ALFA’s Community 2012 event, held last week in Dallas, Tex. “Build with as much flexibility […]
May flowers are in bloom after some strong April showers. Want to announce your new buds in your garden? Email us at [email protected]. Looking for talent? We got you covered with our senior housing jobs board. It’s got a plethora of opportunity for both job seekers and employers. For less than $1 per day, you […]
Many healthcare real estate investment trusts (REITs) began 2012 with a bullish attitude toward RIDEA-structured seniors housing and care deals after seeing a whirlwind of activity for the transactions in 2011. Finding the structure attractive for its ability to offer an upside benefit to both the investor and operator, the outlook looked rosy for RIDEA […]
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