Not all healthcare real estate investment trusts (REITs) are putting their money into new developments in senior housing, several REIT executives told attendees of the Assisted Living Federation of America’s conference held in Charlotte, N.C. last week. Some REITs are more willing to work with operators to fund new developments, but others are less interested. Ventas, […]
LTC Properties
Lancaster Pollard Assisted Kan. CCRC with Bond Refinance Lancaster Pollard recently assisted Brewster Place Retirement Community, a not-for-profit continuing care retirement community in Topeka, Kan., in refunding an existing bond issue. The 30-acre CCRC has 229 independent living units, 28 assisted living units and a fully licensed 97-bed skilled nursing facility. Lancaster Pollard developed a […]
Platinum Healthcare Sells Six-Property Ill. Skilled Nursing Portfolio for $48.5 Million Platinum Healthcare recently sold a six-property skilled nursing portfolio for $48.5 million in a transaction handled by Senior Living Investment Brokerage, Inc. The 822-bed portfolio had been owned and operated by a Midwest operator of long-term care properties. The senior care communities are located […]
Demographics, real estate consolidation, and at what types of senior living communities people are receiving care are dominant trends being buzzed about in the healthcare REIT sector in the year ahead. A video on REIT.com features interviews with a few CEOs of well-known industry REITs and what their focus will be on in 2013. Ventas […]
Juniper Communities recently announced the acquisition of two Lancaster, Pa.-area senior living campuses for $18.5 million from the Bricker Group. The two purpose-built communities were formerly known as Hearthstone Manor, but will be renamed Juniper Village at Lebanon and Juniper Village at Mount Joy. The Lebanon property includes two separately-licensed personal care homes. The communities […]
LTC Properties Inc. (NYSE:LTC) will acquire six properties from Juniper Communities, LLC for $94 million in a sale-leaseback transaction set to close before the end of the year. Juniper, a privately held company based in New Jersey, will continue to operate the communities under a lease with an initial 15-year term with two five-year renewal […]
Construction: Planned Ventas Subsidiary to Build Mass. Senior Living Community Woodbriar Senior Living, LLC, a Ventas, Inc. (NYSE:VTR) subsidiary, will use proceeds of a $30 million bond issued by MassDevelopment to build a 125-unit assisted living community in Falmouth, Mass. The development will have 35 studio apartments, 66 one-bedroom units, and 24 two-bedroom units. Plans […]
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 […]
Real estate investment trust LTC Properties, Inc. (NYSE:LTC) announced on Wednesday the acquisition of two skilled nursing facilities located in Ohio for $54 million. The first property, located in Cincinnati, Ohio, was built in 2009. The second property, located in Dayton, Ohio, was built in 2010. The two facilities have a total of 288 licensed […]
LTC Properties Privately Places $85.8 Million of Debt Financing LTC Properties, Inc. (NYSE:LTC) announced on Monday it had entered into a private placement of 12-year senior unsecured notes amounting to $85.8 million to a group of institutional investors. The notes have a 5.03% interest rate and mature on July 19, 2024, with scheduled annual principal […]
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