$569 Million Joint Venture Sale of Florida Senior Housing Portfolio Closed by HFF Holiday Fenolglio Fowler, L.P. (HFF) closed a $569 million sale of a six-property seniors housing portfolio in Florida, known collectively as Aston Gardens. The sale was a joint venture between health care real estate investment trust (REIT) Welltower Inc. and Canada Pension Plan […]
Omega Healthcare Investors
Analysts were determined to hear how Senior Housing Properties Trust (NYSE: SNH), a real estate investment trust (REIT) that primarily invests in senior housing properties, would raise its stock prices during its quarterly earnings conference call Wednesday. Overall, the financial news was good, but SNH has struggled to see its stock value rise recently. Since […]
Constrained deal flow due to low cap rates and sky-high prices has been a recurring theme among senior housing real estate investment trusts (REITs) as they report their earnings for the third quarter of 2015. After Welltower Inc. (NYSE: HCN) stated that soaring price tags have sidelined the REIT on major deals, both LTC Properties Inc. (NYSE: […]
Brookdale Appoints New Director and Non-Executive Chairman of the Board Brookdale Senior Living (NYSE: BKD), the largest senior living operator in the U.S., announced that its Board of Directors has appointed Daniel Decker as Class I director and the non-executive chairman of the board in replacement of the late Granger Cobb, effective Oct. 1. “Dan is […]
With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]
Dramatic developments over the past few weeks have redrawn the lines on the playing field for senior housing real estate investment trusts operating in the shadow of the so-called “Big Three.” While it remains to be seen which of these smaller-cap REITs gain steam and which struggle given the new normal, at least one analyst […]
Maplewood Senior Living and Omega Healthcare Investors [NYSE: OHI] made headlines recently with their plans to develop a $246 million senior living residence on the Upper East Side of Manhattan. And that could be just the start for the partnership, which is targeting some of the most premium real estate in New York City for […]
Ventas Inc. (NYSE: VTR) has now officially spun off the majority of its skilled nursing assets into a new real estate investment trust that began trading Tuesday on the New York Stock Exchange. The new entity, Care Capital Properties Inc. (NYSE: CCP), is pursuing a $900 million pipeline and is looking to grow in key […]
Following a quarter that saw nearly $200 million of new investments, along with the completion of the Aviv “mega merger,” Omega Healthcare Investors (NYSE: OHI) is hungry for more acquisitions—and it’s already spent $184 million in the past month alone. And among its current projects is a senior living development in Manhattan, which is an […]
Health care real estate investment trusts (REITs) have been the most active investors in senior housing properties of late, dishing out hundreds of millions of dollars to acquire massive portfolios. But the full force of their blockbuster potential may still be yet to come. Currently, health care REITs own about 12% of all the institutional […]
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