Multi-billion deals this week amid rumors of a recent bidding war between several active health care real estate investment trusts (REITs) in the senior living space has set the stage for various speculation as to who will emerge the top owner in the industry, but one chief executive is clearing the air of his company’s […]
Holiday Retirement
Holiday Retirement continues to unload senior living assets to big spending investors, announcing the sale of 29 Canadian communities to Ventas, Inc. (NYSE:VTR) on Monday for approximately $900 million. The properties, all of which are independent living and total 3,354 units, are located in seven Canadian provinces, with the majority concentrated in Toronto and Alberta. […]
Ventas, Inc. (NYSE: VTR) announced on Monday it’s acquiring American Realty Capital Healthcare REIT for $2.6 billion in stock and cash—making it the 6th largest real estate investment trust in the country. As part of the transaction, ARC Healthcare shares will be generally covered into a fixed number of Ventas shares, based upon a negotiated Ventas stock […]
In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Brookdale-Emeritus Merger Averted REIT Mega-Deal—It turns out Brookdale Senior Living (NYSE:BKD) wasn’t the only suitor looking to acquire Emeritus, but was just one among several other unnamed interested buyers, several of which analysts suggest may have been real estate […]
Holiday Retirement and Provision Living have the best websites among senior living large companies in 2014, according to SeniorHomes.com’s annual awards program. The winning senior living resources in both the consumer and industry markets were announced on Tuesday for SeniorHomes.com’s 2014 Best Senior Living Awards. To determine the winners, the national directory of senior housing […]
Newcastle Investment Corp. (NYSE:NCT) continues to bet big in the senior housing space with more than $300 million worth of acquisitions on the horizon and ongoing talks of possibly spinning off its senior living business. The company is currently under contract to acquire 15 senior housing properties for a total purchase price of $319 million, […]
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week: Brookdale Merger Blasts Open Divide Between Large, Small Providers—No one denies that post-merger Brookdale will be a force for other senior living providers to reckon with, but such a large platform will have its share of challenges. Huge […]
Holiday Retirement last week won approval from a California District Court for a $2.2 million settlement of claims deriving from an ongoing employee wage suit. Under the class action settlement—claiming to have affected nearly 14,000 workers—employees of Holiday Retirement in California will receive an average payment of $543, while employees in other states will receive […]
Holiday Retirement has rolled out a new website aimed at communicating with prospective residents, presenting a modern online and mobile-friendly interface and improving its searchability online and across the nation. Now live after several months of beta testing, the site, Holidaytouch.com, is under way serving as a digital face of the company, which manages more […]
Newcastle Investment Corp. (NYSE: NCT) said Friday that it is considering spinning off its senior living business and is planning future acquisitions in its pipeline in the neighborhood of $300 million. Recently, Newcastle spun off its media-related investments into its own entity, New Media Investment Group Inc. (NYSE: NEWM). Now, the company may be looking […]
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