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, […]
National Health Investors
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 […]
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 […]
National Health Investors, Inc. (NYSE: NHI) announced today that it will acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. The facilities, each less than two years old, are located in Canton and Corinth, Texas. “These two newly-constructed, strong-performing assets are a great fit for NHI’s diversified portfolio,” said […]
National HealthCare Corporation (NYSE MKT:NHC) recently acquired six skilled healthcare centers from National Health Investors (NYSE:NHI) for $21 million in a transaction that closed on Dec. 31, 2012. The senior care centers are located in Columbia, Knoxville, and Springfield, Tenn., Madisonville, Ky., and Rossville, Ga. and have been leased by NHC since 1991. The portfolio […]
National Health Investors, Inc. (NYSE:NHI) recently acquired a Wisconsin senior living community for $20.2 million. Charleston House is a 120-unit assisted living and memory care property in Beaver Dam, Wisc. that will be leased to Landmark Senior Living Communities for an initial term of 15 years with renewal options at a lease rate of 7.75% plus […]
Lancaster Pollard Closes $107.4 Million of Loans in November Lancaster Pollard closed 16 senior living transactions for a total loan amount of $107.4 million. The 16 facilities, all located in the Midwest, contained a total of 1,239 skilled nursing beds and 416 assisted living units. All the financings used the FHA Sec. 232/223(f) to refinance […]
The senior housing industry considers 2011 as the Year of the REIT, but despite this year’s sharp decline in acquisition activity, it could just be a digestion period functioning as a calm before the next storm, said executives from several healthcare real estate investment trusts during NIC’s National Conference. It’s possible many big players are […]
Healthcare real estate investment trust National Health Investors, Inc. (NYSE:NHI) has entered an agreement with operator Bickford Senior Living to combine their ownership in the real estate and operating assets of 10 stabilized assisted living and memory care communities. The deal is expected to close by the end of 2012’s third quarter. NHI will contribute […]
In the wake of Sunrise Senior Living (NYSE:SRZ) agreeing to be bought by Health Care REIT (NYSE:HCN), senior living investors are riding a wave of interest in the industry as boosted stock prices reflect favorable occupancy trends and payment rates along with other factors, according to the Tenneseean.com. The senior living industry—including independent living, assisted […]
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