The latest in a series of power plays from Health Care REIT (NYSE: HCN), the company announced today it has completed its common stock offering valued at $1.1 billion—its second such offering valued over a billion dollars in the past several months. The net proceeds of the offering, which included 17,825,000 shares at a price […]
Health Care REIT
Health Care REIT (NYSE: HCN) has long invested in skilled nursing properties, but the REIT’s recent $1.4 billion partnership with Mainstreet signals a shift in the investor’s strategy of late that’s representative of a much larger transition for health care in general. More specifically, the investment points to broader change on the horizon for skilled […]
Based on acquisitions that have either already closed in the third quarter or are in some form of contractual agreement, Health Care REIT (NYSE: HCN) announced today that it anticipates to acquire approximately $1.7 billion worth of properties in the remainder of this year. The acquisitions to come—those which may have not already closed—include ones […]
Health Care REIT Names New Board Member Major senior housing property owner Health Care REIT (NYSE: HCN) has announced the appointment of Sergio Rivera to the company’s Board of Directors. Rivera currently serves as President of the Americas for Starwood Hotels and Resorts Worldwide, and as CEO of Starwood Vacation Ownership, a wholly owned subsidiary […]
Fundraising by nontraded real estate investment trusts (REITs) has tripled since 2009 — rapid growth that has led regulators in several states to push for restrictions on the industry, The Wall Street Journal reports. Previous reports indicated that nontraded REITs would play an integral role in shaping the senior housing merger and acquisition landscape this […]
The growth of the Big Three health care REITs is clear, as they have flooded the senior housing space with a slew of recent deals. But this continued rapid growth highlights risks that may force REITs to change their investment strategies, Fitch Ratings suggests. Recently, the REITs have shuffled the industry with billion-dollar transactions focused […]
Four months after moving into a new position as Sunrise Senior Living CEO, Chris Winkle is already well underway with the company’s growth strategy. Last week, Sunrise expanded its partnership with Health Care REIT in at $257 million deal to acquire United Kingdom-based Gracewell Healthcare, with Sunrise taking over the operations of the portfolio and […]
Time is of the essence when it comes to the rate of return realized from RIDEA deals versus triple-net lease transactions for healthcare real estate investment trusts (REITs), according to a recent report from investment research firm Morningstar. The REIT Investment Diversification and Empowerment Act (RIDEA) of 2007 enabled REITs to transform themselves from landlords […]
Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected […]
In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: Brookdale iPad Pilot Tests Tablet Use in Senior Living — Brookdale Senior Living Inc. (NYSE:BKD) is partnering with a research team at one of its newly acquired California-based Emeritus communities to study iPad use among a group of […]
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