Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled nursing giant may use the proceeds in part to increase its involvement in the private pay retirement community sector […]
Sabra Health Care REIT
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) has agreed to acquire four skilled nursing facilities in Maryland for $234 million, in a deal that could be a harbinger of what the most attractive SNF portfolios might look like in the coming years. The four SNFs specialize in transitional care and medically complex post-surgical, ventilator and […]
Construction: Planned Big Rock Partners Selects Construction Manager for $60 Million Luxury Community in Fla. Big Rock Partners, a national real estate investment management and development firm headquartered in Beverly Hills, Calif., has selected Balfour Beatty Construction to serve as construction manager for a resort-style, $60 million senior living rental community under development in Celebration, […]
A month after Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced its pipeline would more than double, the senior housing investor is making good on its promise with a nine-property senior housing portfolio acquisition and a 10-property development pipeline. The real estate investment trust has agreed to purchase a nine-property senior housing portfolio in Canada for approximately […]
For many years, senior housing real estate was viewed as a niche investment that appealed more to experienced real estate professionals and those who understood well the health care operations involved in such an investment type. But of late, Health Care REIT (NYSE: HCN), Ventas (NYSE: VTR), HCP (NYSE: HCP) and large institutional investors have brought […]
Sabra Health Care REIT, Inc. (Nasdaq: SBRA), an ongoing investor in health care properties, is ramping up its efforts in the senior housing space, buoyed by significant growth of its investment pipeline. That growth is in the order of more than doubling Sabra’s existing pipeline to about $1 billion in value compared to $350 to $400 […]
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 […]
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 […]
Sabra Health Care REIT Provides $4.5M Financing for Fla. Senior Living Development Big Rock Partners, a real estate investment management and development firm, has closed on a nine-acre land purchase from The Celebration Company, and plans to launch construction of a $60 million Class A senior living rental development within the Celebration, Fla. community in […]
Construction: Planned Big Rock Partners Closes Land Purchase for $60 Million Fla. Project Company: Big Rock Partners Type: New Construction Location: Celebration, FL Funding: 60 million #of Beds: 225 Construction start date: First Quarter 2015 Los Angeles, Calif.-based real estate investment management and development firm Big Rock Partners has closed on a nine-acre land purchase […]
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