The latest move by Ventas, Inc. (NYSE: VTR) to spin off its skilled nursing assets into a separate real estate investment trust (REIT) may have come as a surprise for a company that has continually touted the diversification of its portfolio. But the move may actually position the REIT as having a strategic advantage against […]
Omega Healthcare Investors
Omega Healthcare Investors, Inc. (NYSE: OHI) has completed its acquisition of all of the outstanding shares of Aviv REIT, Inc. (NYSE: AVIV), finalizing a high-profile stock-for-stock merger that creates a real estate investment trust (REIT) with total market capitalization of approximately $11.1 billion, Omega announced Wednesday. The deal forms a combined company with equity market […]
A little more than a month after announcing its acquisition of 29 properties from Diamond Senior Living, Chicago-based Aviv REIT, Inc. (NYSE: AVIV) today closed the transaction valued at $305 million. The deal, which was Aviv’s largest acquisition in three decades, included 23 skilled nursing facilities and one office building, with the remainder comprising assisted […]
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 […]
Following the recent mega merger with Omega Healthcare Investors (NYSE: OHI), Aviv REIT, Inc. (NYSE: AVIV) announced its largest acquisition in 30 years, at $305 million for 29 properties, the Chicago-based real estate investment trust announced Wednesday. Aviv entered into a definitive agreement with Diamond Senior Living, LLC, a subsidiary of General Electric (GE) Credit Corporation of Tennessee, […]
Omega Healthcare Investors (NYSE: OHI) and Aviv REIT (NYSE: AVIV) announced on Friday an agreement to merge the companies in a stock for stock transaction, creating a $10 billion real estate investment trust (REIT). The deal, which values Aviv at $3.0 billion, gives the combined companies a portfolio of 874 properties across 41 states and […]
Omega Healthcare Investors (NYSE: OHI) real estate investment trust today closed a sale/leaseback deal with Ark Holding Company for 56 senior living communities valued at a total of $525 million. Ark Holding was previously owned by Behrman Capital, a private equity firm, with the sale/leaseback transaction being completed in connection with the acquisition by merger […]
Omega Healthcare Investors Inc. (NYSE:OHI) is the fifth-best performing U.S. real estate investment trust year-to-date in 2013, according to the SNL US REIT Equity Index. Only 12 REITs had outperformed the S&P 500 as of mid-November, when the rankings were released. OHI was the only healthcare-focused REIT on the list. The top-performing US REIT was […]
Care Investment Trust Closes Acquisition of 2 Senior Housing Assets Care Investment Trust LLC, a subsidiary of Tiptree Financial Inc. (NASDAQ:TIPT) that focuses on senior housing real estate investment, and privately-held senior housing owner and operator Premier Senior Living, L.L.C., recently announced the closing of a previously announced acquisition of two senior housing facilities located in […]
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