This week, SHN readers caught up on one of the biggest industry acquisitions as of late and were eager to learn more about the implications for REITs following the news that the Federal Reserve would not change its policies to raise target interest rates. Other top stories of interest involved a new entrant to the senior […]
NorthStar Healthcare Income
NorthStar Healthcare Income Inc., a public, non-traded real estate investment trust, has agreed to purchase 15 continuing care retirement communities (CCRCs) from subsidiaries of Fountains Senior Living Holdings, LLC, in a deal totaling approximately $640 million. National senior living operator Watermark Retirement Communities Inc. will continue as the day-to-day operator of the CCRCs after the […]
Nontraded real estate investment trusts have made a splash in the senior housing and healthcare real estate market in the last few months, with some investors pointing to their impact as 2014’s biggest deal driver. Similar to REITs that trade on public exchanges, nontraded REITs also invest in real estate and must also distribute at […]
The recently departed former CEO of senior housing and healthcare REIT HCP (NYSE: HCP) is making a new foray into health care real estate through a burgeoning partnership with NorthStar Realty Finance. Jay Flaherty, HCP’s former CEO who left the position abruptly in October, will work with NorthStar in a “long-term partnership to build a […]
NorthStart Healthcare Income has completed a strategic joint-venture with senior housing owner and developer The Freshwater Group, for an initial investment of $86.6 million plus closing costs. The joint venture currently spans three properties with plans to acquire and manage the growing portfolio over time. The first three properties include a 125-unit independent living facility located […]
Capital Senior Living Buys Mass. Assisted Living Community Cassidy Turley, a commercial real estate services provider, arranged the sale of a Massachusetts assisted living community to Capital Senior Living for an undisclosed purchase price. The community, Whitcomb House, located in Milford, Mass., includes three interconnected buildings containing 68 total units within 48,565-square-feet. Two of the […]
NorthStar Healthcare Income, Inc. announced Tuesday that it has completed the acquisition of four senior housing properties for a total purchase price of $29.7 million. The acquired properties include a 70-unit assisted living and memory care community located in Leawood, Kansas and a 48-unit assisted living and memory care facility in Spring Hill, KS for […]
MBK Senior Living Sells Two Properties to Brookdale for $56.1 MIllion Brookdale Senior Living recently purchased two Spokane, Washington properties from MBK Senior Living for $56.1 million. The properties, built between 1999 and 2003, include a combination of assisted living and memory care units, with an additional 20 independent units in one of the […]
KKR to Provide $150 Million of Equity to Sentio Healthcare Properties Real estate investment trust Sentio Healthcare Properties, Inc. announced the signing of a definitive agreement with an affiliate of global investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) for a commitment to provide $150 million of convertible preferred equity to Sentio in the […]
Greystone & Co. Affiliate Closes $33 Million Affordable Housing Transaction in N.C. Greystone & Co., Inc. affiliate Greystone Affordable Housing Initiatives LLC (GAHI), a provider of affordable housing recapitalization and rehabilitation transaction management services, announced on Monday that it had closed a $33 million multifamily housing rehabilitation transaction in North Carolina that includes senior housing […]
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