Senior Housing Investments & Transactions: Safanad, Formation Capital Acquire $129 Million Portfolio

Safanad and Formation Capital Acquire $129 Million Assisted Living Portfolio  Safanad, a global principal investment firm that invests in real estate, private equity and public markets, and its industry partner in the senior care investment platform, Formation Capital, have acquired a portfolio of nine assisted living facilities for the price of $128.6 million. Formation Capital […]

The Biggest Senior Housing Deals of 2014

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 […]

Robust UK Pipeline Pushes HCP to Open London Office

Following HCP, Inc.’s (NYSE: HCP) $630 million debt investment in a United Kingdom senior housing portfolio acquisition, the real estate investment trust (REIT) will be opening an office in London to manage its overseas operations, the company announced during its third-quarter earnings call. “We are pleased to announce that in January we will be opening […]

Formation Capital, Safanad Acquire 14 SNFs for $150 Million

Two heavy-hitting investment firms are expanding their footprint in the post-acute care sector through the acquisition of 14 skilled nursing facilities in the mid-Atlantic for about $150 million in total. The deal reflects a multi-year strategic partnership between healthcare-focused private investment firm Formation Capital and global principal investment firm Safanad. The portfolio includes 1,658 beds with 11 facilities […]

[UPDATE] NorthStar to Acquire 80 Senior Living Properties in $1.05 Billion Deal

NorthStar Realty Finance Corp. (NYSE:NRF) announced Monday an agreement to acquire a $1.05 billion senior housing and care portfolio from investment partnerships owned and managed by Formation Capital, LLC and Safanad Limited. The healthcare real estate portfolio consists of more than 8,500 beds in 43 mostly private-pay senior housing communities and 37 skilled nursing facilities. […]

Senior Housing’s Top 10 Mega Deals of 2013

Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]

Formation Capital Acquires Senior Housing Portfolio for $400 Million

Formation Capital announced today the acquisition of a 36-property senior housing portfolio for approximately $400 million with investment partner SAFANAD, a global principal investment house, from an undisclosed seller. Senior Lifestyle Corp., based in Chicago, will continue to manage a portion of the communities, while Frontier Management, Prestige Senior Living, and other senior living management […]

Formation Capital Partners with Global Investor to Acquire SNF Portfolio for $750 Million

Senior housing and skilled nursing investor and asset manager Formation Capital recently partnered with global investment house Safanad to acquire one of the United States’ largest standalone skilled nursing portfolios for $750 million. The properties are located in East Coast states and are leased to a top-ten operator. The 68-property portfolio transaction represents the second […]