Today Health Care REIT (NYSE: HCN) and Revera, Inc. announced they have entered into an agreement to acquire Canadian senior housing operator Regal Lifestyle Communities Inc. (TSX: RLC) for $623 million through an existing 75/25 joint venture between the two companies. The Toronto, Ontario-based Regal owns and operates 23 senior housing communities with more than […]
Regal Lifestyle Communities
Regal Lifestyle Communities Inc. (TSX:RLC) has agreed to acquire seven senior living communities in Quebec for $160 million (approximately $146.3 million USD) at a 7.8% cap rate in a deal expected to close around June 6. The retirement communities are being acquired from ELAD Genesis Limited Partnership and have been managed by Societe de Gestion […]
Senior Living Investment Brokerage Handles $5.3M Sale Senior Living Investment Brokerage, Inc. recently facilitated the $5.32 million sale of three small assisted living communities in Southeast Michigan with a total of 78 units. The communities are all located within one mile of one another in Temperance, Mich. and were sold by an owner/operator looking to […]
LTC Properties to Buy Skilled Nursing Property for $14.4 Million LTC Properties, Inc. (NYSE:LTC) recently announced an agreement to purchase a 120-bed skilled nursing facility in Trinity, Fla. for $14.4 million. The property was built in 2008 and will be added to a master lease at an incremental initial cash yield of 8.75%. The operator […]
Kindred Healthcare Expands Credit Capacity by $200 Million Kindred Healthcare Inc. (NYSE:KND) announced the successful completion of amendments to increase its senior secured term loan facility by $100 million, and expand the borrowing capacity under its senior secured asset-based revolving credit agreement by the same amount. Net proceeds of the additional term loan borrowings, issued at […]
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