Welltower sells Florida assisted living facility for $56M Welltower (NYSE: WELL) sold Aston Gardens Assisted Living in Parkland, Florida for $55.7 million, The Real Deal Miami reports. The buyer was Kayne Anderson Capital Advisors. the property is operated by Discovery Senior Living. The property sold for $78 million in 2015. The latest sale marks a […]
Sentio Investments LLC
International real estate firm Hines and health care investment company Sentio Investments on Wednesday announced the formation of a new partnership aimed at creating an investment portfolio of senior housing and additional health care real estate. Houston-based Hines has $111 billion of assets under management. Orlando, Florida-based Sentio Investments, meanwhile, has more than $5 billion in […]
ABP Acquisition LLC Announces Tender Offer Results for Five Star Shares On Nov. 11, ABP Acquisition LLC announced the results of its tender offer to buy as many as 18 million shares of Five Star Quality Care, Inc. (Nasdaq: FVE) at a purchase price of $3.00 per share, net to the seller in cash, without […]
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 […]
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