NHI CEO: ‘Trance’ Over Senior Housing Cap Rates Could End

Competition seems to be ramping up among senior housing owners seeking deals, and an expected shift in pricing might be why. In fact, executives at Murfreesboro, Tennessee-based National Health Investors (NYSE: NHI) have been “in a trance” over senior housing cap rates—and they believe other senior housing owners have been, too. “We’ve been in a trance […]

The LaSalle Group Eyes Future Growth Through New NHI Partnership

A recent partnership between development company The LaSalle Group and real estate investment trust National Health Investors (NYSE: NHI) will provide options for future senior housing growth that are “limitless,” LaSalle Group President John Barbee tells Senior Housing News. The partnership launched with an initial sale-leaseback transaction involving five of LaSalle’s Autumn Leaves communities for a […]

Hutchens to Leave HCP, Become CEO of U.K. Care Home Company

Four months after becoming president of HCP Inc. (NYSE: HCP), Justin Hutchens has decided to leave the major senior housing real estate investment trust (REIT) to become CEO of HC-One, one of the largest care home operators in the United Kingdom. Hutchens will remain at HCP through June 1, the Irvine, California-based company announced Monday morning. “Though […]

Senior Housing Investments & Transactions: CareTrust REIT, NHI

Texas Investors Buy $185 million SNF Portfolio Dallas businessmen Chuck Putnam and Donald Kivowitz have purchased a portfolio of 10 skilled nursing facilities (SNFs) in Maryland and Pennsylvania for $185 million. The portfolio includes approximately 1,297 beds total. The transaction was financed by a syndication led by Bank of Texas, an affiliate of BOK Financial […]

Senior Housing Investments & Transactions: Golden Living Transfers Operations of 9 Facilities

NHP Foundation-Urban Athletic Fund Acquires Connecticut Portfolio for $43 Million The NHP Foundation-Urban Atlantic Fund I, LLC acquired four apartment complexes in Connecticut for approximately $43 million. The portfolio consists of 404 total units, and all properties benefit from a Project-Based Section 8 Housing Assistance Payment (HAP) contract for all units. The $50 million equity fund was […]

Movers & Shakers: MBK Senior Living’s New President

MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]

NHI CEO: Senior Housing Buyers Playing ‘Musical Chairs’ for Deals

If the first three months are any indication, 2017 will be a busy year for senior housing deals. In terms of deal flow, this year has started off with a “bang” and has been as competitive as a game of musical chairs, National Health Investors, Inc. (NYSE: NHI) President and CEO Eric Mendelsohn said during the company’s fourth-quarter 2016 […]

Senior Housing Investments & Transactions: NHI Acquires $74 Million CCRC

NHI Acquires $74 Million CCRC in Connecticut Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) acquired an entrance-fee continuing care returned community (CCRC) in North Branford, Connecticut, for $74 million. The CCRC will be leased to NHI’s current tenant, Senior Living Communities, based in Charlotte, North Carolina. The lease term is 13 […]

NHI CEO: Senior Housing Owners May Back Off on Rent Increases for Operators

After a week in which senior living providers intensified fears of oversupply, real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) is not concerned. With increasing pressures on operators, though, NHI indicated it wouldn’t be surprised to see lower rent escalators across the industry. Despite the nation’s largest senior living provider, Brookdale Senior Living […]