Ventas to Acquire 16 Senior Living Communities from Sunrise & Affiliates for $362 Million

Ventas, Inc. (NYSE:VTR) has agreed to acquire a 100% interest in 16 private-pay senior living communities from affiliates of Sunrise Senior Living, Inc. (NYSE:SRZ) and its institutional joint venture partner for $362 million. Sunrise will receive approximately $28 million for its 20% ownership in the portfolio and will remain the manager of the communities under […]

March 2012 Roundup: Senior Housing & Care Acquisitions

In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]

Ventas Buys Colorado Senior Housing Community for $28 Million

Evans Senior Investments, headquartered in Chicago, Ill., recently announced the sale of a Colorado senior housing community for $28 million, or $225,000 per unit, to VTR Vistas Longmont LLC, which was formed by Chicago-based REIT Ventas, Inc. (NYSE:VTR). Built in 2009, The Vistas, located in Longmont, Colo., is a 124-unit independent and assisted living community […]

Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million

Brookdale Senior Living recently purchased Grand Court retirement home from Ventas Realty Limited Partnership for $15.95 million, reports the Business Review. The buyer is listed as BLC Fort Myers-GC LLC, with Chicago-based law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP listed on the deed. Grand Court is a 183-unit independent living facility that features a […]

REITs Dish on Senior Housing Development Plans; HCP Partnering with Brookdale

Construction for seniors housing is still very low, according to the National Investment Center for the Seniors Housing & Care Industry, but if the most recent round of quarterly earnings calls are any indication, it looks like some real estate investment trusts (REITs) are cautiously beginning to finance some development projects. HCP, Inc.: Partnering with Brookdale for […]

Ventas’ Q4 Normalized FFO Skyrockets 114%, Boosted by NHP Acquisition

Ventas, Inc. (NYSE:VTR) saw its normalized funds from operations (FFO) skyrocket 114% to $259.3 million for the fourth quarter ended Dec. 31, 2011, thanks to acquisitions made in the period. “Ventas delivered excellent results in 2011, as our portfolio performed well while we successfully integrated over $11 billion of accretive acquisitions,” Ventas Chairman and CEO […]

On the Record: John Cobb, Ventas Chief Investment Officer

Senior Housing News recently got the chance to speak with John Cobb, the senior vice president and chief investment officer of Chicago-based Ventas Healthcare REIT (NYSE:VTR). Although he’s only been with Ventas for about a year and a half, Cobb has a longstanding relationship with Ventas president Ray Lewis, with whom he’s worked for about […]