In a deal quietly announced in a U.S. Securities and Exchange Commission filing last week, NorthStar Realty Finance Corp. (NYSE: NRF) said it is acquiring a portfolio of 32 independent living communities from affiliates Harvest Facility Holdings LP, an affiliate of Holiday Retirement, for $875 million. The portfolio of private-pay facilities comprises approximately 3,983 units across […]
NorthStar Realty Finance Corp.
The year in review for the senior housing mergers and acquisition market could be characterized by several traits, primarily the insatiable appetite among investors nurtured by billion-dollar blockbuster transactions. Both publicly- and non-traded REITs, private equity firms, as well as other operators were the players, acquiring senior housing and health care real estate and an […]
On Wednesday, Griffin-American Healthcare REIT II completed its previously announced merger with New York-based real estate investment trust (REIT) NorthStar Realty Finance Corp. (NYSE: NRF), a transaction valued at $4 billion. The announcement was made by Griffin Capital Corporation and American Healthcare Investors, both co-sponsors of Griffin-American Healthcare REIT II, which first announced in August […]
After months of rumors, Griffin-American Healthcare REIT II may soon have a new owner in NorthStar Realty Finance Corp. (NYSE:NRF), according to a report from The Wall Street Journal. The cash-and-stock deal would value the real estate investment trust (REIT) at $3.5 billion to $3.7 billion, notes the WSJ, which cites two individuals familiar with […]
Multi-billion deals this week amid rumors of a recent bidding war between several active health care real estate investment trusts (REITs) in the senior living space has set the stage for various speculation as to who will emerge the top owner in the industry, but one chief executive is clearing the air of his company’s […]
Four companies are bidding to buy Griffin-American Healthcare REIT II Inc., in a deal that could value the company at nearly $3.7 billion, according to a report from the Wall Street Journal. The bidders include some of the heaviest hitters in senior housing: Ventas Inc., Health Care REIT Inc., American Realty Capital Healthcare Trust, and […]
In case you missed it… here are the top five stories grabbing Senior Housing News reader attention this week: NorthStar to Acquire 80 Senior Living Properties in $1.05 Billion Deal—Real estate investment trust NorthStar Realty Finance Corp. (NYSE:NRF) announced it will acquire a $1.05 billion, 80-property senior housing and care portfolio from investment partnerships owned […]
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 […]
Three Pillars Senior Living Communities Issued $22.8 Million Bonds Cain Brothers served as sole underwriter in the issuance of the Three Pillars Senior Living Communities Series 2013 bonds, issued as unenhanced fixed rate bonds and rated “A-” by Fitch on the underlying credit strength of Three Pillars. The $22.82 million bond issuance was used to […]
NorthStar Realty Finance Corp. (NYSE:NRF) recently acquired an assisted living portfolio located in Minnesota for $51 million at a 9.5% cap rate. The 11-property portfolio has 292 beds and was 95% occupied as of March 2013. The communities were built between 2000 and 2012 and were sold by someone who is retiring and divesting his […]
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