Today Health Care REIT (NYSE: HCN) and Revera, Inc. announced they have entered into an agreement to acquire Canadian senior housing operator Regal Lifestyle Communities Inc. (TSX: RLC) for $623 million through an existing 75/25 joint venture between the two companies. The Toronto, Ontario-based Regal owns and operates 23 senior housing communities with more than […]
Health Care REIT
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 […]
The nation’s largest developer of post-acute, transitional care facilities is set to solidify and strengthen its position with a five-year $5 billion development pipeline and a strategy that could lead to another massive deal like last year’s HealthLease sale. Indiana-based Mainstreet has an “identified pipeline” to develop $1 billion in properties each year over the […]
On the 12th floor of Chicago’s historic Merchandise Mart, you will find the sleek new digs of MATTER. The surroundings, in which tech entrepreneurs tap on laptops and chat about the progress of their ventures, may seem more Silicon Valley than senior living. But MATTER is a hotbed of innovations that could help shape the […]
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 […]
For many years, senior housing real estate was viewed as a niche investment that appealed more to experienced real estate professionals and those who understood well the health care operations involved in such an investment type. But of late, Health Care REIT (NYSE: HCN), Ventas (NYSE: VTR), HCP (NYSE: HCP) and large institutional investors have brought […]
The nation’s largest health care real estate investment trust (REIT) had humble beginnings in the 1970s. But since then, Health Care REIT (NYSE: HCN), a $40 billion company, has vastly expanded its reach, while periodically shifting strategies to keep up with the evolving senior care landscape. What started as a small company, named Health Care […]
In case you missed them… here are the top headlines grabbing Senior Housing News readers’ attention this week. How to Play — And Win — the Senior Living Development Game—Development opportunities continue to attract both brand new senior living players as well as existing operators and owners. A panel of senior living executives at the […]
Brookdale Appoints Mark Parrell, Lee Wielansky to Board Of Directors Brookdale Senior Living Inc. (NYSE: BKD) recently announced the appointments of Mark J. Parrell and Lee S. Wielansky to its Board of Directors as Class III directors. The appointments of Parrell and Wielansky, which became effective on April 23, 2015, fill the vacancies created by the […]
The latest move by Ventas, Inc. (NYSE: VTR) to spin off its skilled nursing assets into a separate real estate investment trust (REIT) may have come as a surprise for a company that has continually touted the diversification of its portfolio. But the move may actually position the REIT as having a strategic advantage against […]
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