Health Care REIT, Inc. (NYSE:HCN) announced on Feb. 15 that it will use a RIDEA structure to partner with Chartwell Seniors Housing REIT (TSX:CSH.UN) to own and operate a 42-property portfolio of high-quality seniors housing and care communities located in “attractive” Canadian markets. The portfolio, which has approximately 8,200 units, is primarily made up of […]
Health Care REIT
An affiliate of Ohio-based Health Care REIT (NYSE:HCN), listed as “6605 Quail Hollow Road LLC,” recently purchased a 160-bed senior living community located in Tennessee for $16.9 million, reports the Memphis Daily News. Belmont Village-Memphis, located at 6605 Quail Hollow Road, is a 120-unit senior living center that was built in 1999 on 3.8 acres […]
With skilled nursing in the dumps as a result of the 11.1% cuts to Medicare payments, most of the talk has turned to assisted living as the next area for growth for investors. During the National Investment Center for the Seniors Housing & Care Industry (NIC) conference in Washington, D.C., much of the “next big thing” […]
There’s been a growing spotlight on medical-related real estate in the past couple of years, especially considering the activity of real estate investment trusts (REITs) who took the healthcare industry by storm with mega million- and even billion-dollar deals. While most of those deals were for skilled nursing facilities and assisted living communities, medical office […]
When looking back on 2011, senior housing industry professionals agree that the billions of dollars worth of real estate investment trust (REIT) activity played an integral role in shaping today’s market. But some say that going forward into 2012, healthcare reform will be a key influence in the industry, and others point out the changing […]
Ohio-based Health Care REIT, Inc., (NYSE:HCN) acquired an assisted living facility on Nov. 7 for approximately $69.2 million. The facility, called Belmont Village Senior Living, is located in Cardiff by the Sea, California. The building is approximately 100,000 square foot, and was sold by Belmont Village LP, of Houston, Texas. Health Care REIT now has a real estate […]
Although real estate investment trusts (REITs) face higher risks when entering into a RIDEA structure with senior housing operators, it’s risk that’s well thought out, and the management structure will become increasingly important going forward, analysts say. RIDEA, which comes from and is an acronym for the REIT Investment Diversification and Empowerment Act of 2007, […]
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