Smaller Markets Attractive for Healthcare REITs

Size isn’t everything when it comes to investing in the right market, analysts say, as smaller markets can offer viable strategies and advantages to real estate investment trusts (REITs) that may not be found in larger metro areas. Healthcare facilities in large markets offer “above-average” revenues in high income areas, making them appealing to big-cap […]

NHI Acquires SNF Portfolio in $37 Million Deal, Sells Six Others

National Health Investors (NYSE:NHI) announced on Tuesday the acquisition of eight skilled nursing facilities in a $37 million transaction, along with the sale of six skilled nursing facilities and the resolution of a settlement agreement involving ElderTrust and SeniorTrust. NHI completed the acquisition from ElderTrust of Florida, Inc. on August 30 for $23.3 million in […]

Earnings Round-Up: Capital Senior Living, NHI, Kindred

Capital Senior Living Sees Sales Up 13%, More Private-Pay Opportunities Capital Senior Living reported second quarter earnings this week with cash from facility operations up 15.1% to $9.5 million or $0.43 per share. Revenues rose during the same time period to $87.5 million, a 13% increase over the same period in 2012.  “We are very […]

NHI Ups Investment in Senior Housing Venture, Eyes More Development

National Health Investors (NYSE: NHI) is pumping even more capital into its joint-venture with Bickford Senior Living, following a $135 million acquisition of 17 senior housing communities the partnership closed earlier this month. The Tennessee-based real estate investment trust (REIT) reaffirmed its commitment to the joint venture with Bickford, announcing yesterday a new $9.2 million […]

Senior Housing Investments & Acquisitions (7/16/13)

NHI Acquires Assisted Living Community for $15.3 Million National Health Investors (NYSE:NHI) announced on Monday the $15.3 million acquisition of an assisted living community in Marysville, Ohio that will be leased to Emeritus Senior Living (NYSE:ESC). The Inn at Halcyon Village is a 76-unit assisted living and memory care community built in 2009. The lease […]

Senior Housing Finance Activity: NorthStar, NHI, Ziegler

Three Pillars Senior Living Communities Issued $22.8 Million Bonds Cain Brothers served as sole underwriter in the issuance of the Three Pillars Senior Living Communities Series 2013 bonds, issued as unenhanced fixed rate bonds and rated “A-” by Fitch on the underlying credit strength of Three Pillars. The $22.82 million bond issuance was used to […]

NHI to Acquire 17 Assisted Living Communities for $135 Million

National Health Investors, Inc. (NYSE: NHI) announced today that its RIDEA joint-venture with Bickford Senior Living has acquired 17 assisted living and memory care communities for a total purchase price of $135 million. The 17 communities are comprised of 14 communities purchased from a subsidiary of Care Investment Trust, Inc. (OTCQX: CVTR) for approximately $123 […]

Healthcare REITs Don’t All Have Appetite for New Construction

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, […]

RIDEA: Not the Best Fit for All Senior Housing Operators

To RIDEA or not to RIDEA? That was one of the questions addressed by executives of healthcare Real Estate Investment Trusts (REITs) during the Assisted Living Federation of America’s annual expo and conference in Charlotte, N.C. last week. RIDEA, which stands for the REIT Investment Diversification and Empowerment Act, was adopted in 2008 and allows REITs and […]

NHI Must Buy Back Senior Care Assets from Nonprofit in $40 Million Settlement

National Health Investors, Inc. (NYSE:NHI) and its largest tenant, National Healthcare Corporation, announced last Friday an agreement that resolves a long-standing dispute surrounding accusations they overpriced assets sold to two nonprofit senior care entities they helped establish. The settlement includes the sale of 14 nursing homes and liquidation of the nonprofits’ assets, which will ultimately […]