While future strategy is generally a motivating force when two parties enter a joint venture, shared vision is crucial for RIDEA-structured deals between senior-housing focused real estate investment trusts and operators. “A RIDEA structure aligns the interests of both parties—the owner and operator are both invested in the operations of the community, and can leverage […]
Sentio Healthcare Properties
KKR to Provide $150 Million of Equity to Sentio Healthcare Properties Real estate investment trust Sentio Healthcare Properties, Inc. announced the signing of a definitive agreement with an affiliate of global investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) for a commitment to provide $150 million of convertible preferred equity to Sentio in the […]
Healthcare real estate investment trust Sentio Healthcare Properties recently acquired a four-property portfolio of assisted living communities located in Illinois and Texas for $49 million. The acquisition is structured as a joint venture with an affiliate of Vancouver, Wash.-based JEA Senior Living, which will continue to operate the communities on behalf of the venture. The […]
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