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 […]
LTC Properties
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 […]
Senior housing and care REIT LTC Properties, Inc. (NYSE:LTC) announced on Monday that it had acquired a skilled nursing facility located in Brownwood, Tex. for $6.5 million. The facility has 90 licensed beds and has been added to an existing master lease with Senior Care Centers at an initial cash yield of 9.0% and an […]
Health Care REIT Closes New $250 Million Canadian Loan with Accordion Feature Health Care REIT, Inc. (NYSE:HCN) announced on Thursday, May 24 that it had closed on a $250 million Canadian denominated unsecured term loan (approximately $244 million in U.S. dollars). The loan is coterminous with the REIT’s $2 billion (USD) unsecured revolving credit facility, […]
LTC Properties, Inc. (NYSE:LTC), a real estate investment trust that primarily invests in long-term care facilities, recently acquired a vacant 3.16 acre plot of land in the Denver area of Colorado for $1.9 million, with plans to build a senior care community. Simultaneous with the land purchase, LTC entered into a lease agreement and development […]
In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]
LTC Properties, Inc. (NYSE:LTC) recently acquired a 144-bed skilled nursing property located in Red Oak, Texas for $18.6 million from an undisclosed buyer. The REIT funded the acquisition through its unsecured revolving line of credit, and added the property to an existing master lease with an unrelated third-party operator at an initial cash yield of […]
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