In case you missed it, here are the top five stories grabbing Senior Housing News readers this week: Newcastle to Acquire 52 Holiday Retirement Properties for $1 Billion—The REIT, a Fortress-affiliate, will purchase the properties in a deal expected to close in December. The properties were 91% occupied on average, as of the third quarter. […]
Newcastle Investment Corp.
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 […]
Newcastle Investment Corp. (NYSE:NCT) announced Monday an agreement to acquire a 52-property portfolio of senior housing properties from affiliates of Holiday Retirement for approximately $1.01 billion. Newcastle is a real estate investment trust primarily focused on senior housing along with other types of real estate and debt and is externally managed and advised by an […]
Subsidiares of Manhattan, N.Y.-based Newcastle Investment Corp. recently purchased an eight-property portfolio of senior housing properties from Portland, Ore.-based BPM Senior Living for a purchase price of $143 million plus related expenses. Oak Grove Capital originated an $88.4 million Fannie Mae DUS credit facility for Newcastle to fund the acquisition. The credit facility consists of […]