National Health Investors REIT Announces $175 Million Capital Raise

National Health Investors, Inc. (NYSE: NHI), a healthcare real estate investment trust (REIT) focused in the senior living sector, announced today it is raising $175 million in capital through a public offering of convertible senior notes due in 2021.  NHI, which completed the purchase of 25 Holiday Retirement properties for $491 million in December, has […]

Position Your Senior Living Property to Attract Today’s Buyers

Want the latest pulse on senior housing M&A for 2014? Don’t miss the upcoming Senior Housing News webinar on Tuesday, February 25 at 1 p.m. Central to get valuable information from top industry players on who’s selling and who’s buying.  Healthcare REITs have rocked the senior housing industry with several mega acquisitions in the past few years, but there […]

Senior Housing’s Top 10 Mega Deals of 2013

Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]

Senior Housing Finance Activity: Capital One Bank; Cambridge; Newcastle

Capital One Bank Announces $115 Million in Financial Transactions Capital One Bank recently announced it acted as a joint bookrunner for an $85 million, seven-year senior secured term loan to subsidiaries of Parkwood Properties, Inc. and a $30 million revolver loan to Palm Garden Healthcare Holdings, LLC. Parkwood Properties will use the term loan to refinance […]

NHI to Acquire 25 Holiday Retirement Communities for $491 Million

National Health Investors (NYSE: NHI) announced today it has signed a definitive agreement to acquire 25 independent living communities from an affiliate of Holiday Retirement for $491 million. The announcement comes a day after Newcastle Investment Corp. (NYSE: NCT) entered into an agreement to acquire a 52-property portfolio of senior housing communities from Holiday Retirement affiliates for approximately […]

Senior Housing Investments & Acquisitions: Aviv REIT, Carlyle Group, NHI

Aviv REIT Acquires Five SNFs for $42 Million Aviv REIT, Inc. (NYSE: AVIV) announced this week that it has acquired five post-acute and long-term care skilled nursing facilities (SNFs) located in Ohio and Arkansas in two separate transactions for $42.2 million. Four of the properties are triple-net leased to new Aviv operator Peregrine Health Services […]

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 […]