Wishing our readers a very happy holiday. The SHN team will be suspending our daily emails in observance of the holiday this week. We will resume our normal schedule on Monday, December 29. Until then, here’s a recap of the most read stories this week. Investors See These 3 Trends Ahead in Senior Housing—From strong […]
New Senior Investment Group Inc.
New Senior Investment Group, Inc. (NYSE: SNR) has made its first big play in senior housing, announcing plans today to acquire a 17-property portfolio for $435 million. The company, which was spun-off from Newcastle Investment Corp. (NYSE: NCR) in June, entered into an agreement to acquire 17 private-pay independent living properties from affiliates of Vancouver, Washington-based Hawthorn […]
Today, Newcastle Investment Corp. (NYSE: NCT) released new details regarding its previously announced senior housing real estate investment trust (REIT), including a completion date and investment plans for the new senior-housing specific REIT. After months of speculation and a confirmation in June, New Senior Investment Group, Inc. (NYSE: SNR) is on track to become a […]
Real estate investment trust Newcastle Investment Corp. (NYSE:NCT) announced it has completed the acquisition of six continuing care retirement communities for $186 million. Newcastle has entered into a triple-net master lease agreement with LCS, with an initial lease term of 15 years with two five-year renewal options. The deal has an initial cash lease yield […]