RIDEA Alignment Requires Perfect Match, Yields Senior Living Win-Win

While future strategy is generally a motivating force when two parties enter a joint venture, shared vision is crucial for RIDEA-structured deals between senior-housing focused real estate investment trusts and operators. “A RIDEA structure aligns the interests of both parties—the owner and operator are both invested in the operations of the community, and can leverage […]

Cautious Senior Housing Lenders Put Brakes on New Construction

Senior housing underwriters are taking notice as new construction ticks up as a percentage of existing inventory, but capital providers are playing a role in making sure the industry doesn’t get overbuilt. “[New construction] has a dramatic impact on underwriters,” Justin Hutchens, president and CEO of National Health Investors (NYSE:NHI), said during the 2013 Annual […]

Senior Housing Investments & Acquisitions (10/9/13)

Two Assisted Living Homes Sell for $19 Million  Senior Living Investment Brokerage, Inc., facilitated the sale of two assisted living properties for $19.1 million located in Ellijay and Canton, Georgia.  The personal care homes sold in the deal, Cameron Hall Canton and Cameron Hall Ellijay, comprise 153 units of assisted living and memory care services, with […]

Senior Housing Investments & Acquisitions (10/2/13)

NHI Buys Senior Living Campus for $12 Million  National Health Investors, Inc. (NYSE: NHI) announced last week a $12 million acquisition of a 120-unit retirement community in Rainbow City, Ala. Built in 2003, the Regency Point Retirement Community contains 72 rental independent living units, 36 assisted living units and 12 memory care units, altogether having […]

Are Senior Housing REITs at RIDEA Exposure Max?

Senior housing-focused real estate investment trusts may have found the sweet spot for RIDEA exposure, says an S&P analyst who cited the structure’s risk factor as a component to why some REIT portfolios could be at their limit.  Two out of the ‘big three’ REITs in particular—Ventas (NYSE:VTR) and Health Care REIT (NYSE:HCN)—have grown their […]

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 […]