In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: Non-Traded REITs: Only Getting Started in Senior Housing — After raising nearly $20 billion of capital last year, non-traded real estate investment trusts (REITs) are emerging as key players in senior housing finance. And some say they see […]
Ventas
The Big Three healthcare real estate investment trusts (REITs) continue to feed their growing investor appetites in 2014, sating their hunger with several billion-dollar portfolio deals in the senior housing sector. But even as these investors place a high value on senior housing, the “next big thing” for them may not be so obvious. Chief […]
Ventas Names New Chief Financial Officer Ventas, Inc. (NYSE: VTR) has named Robert F. Probst as executive vice president and chief financial officer. Probst will assume his position in October and work with retiring Ventas CFO Richard A. Schweinhart through the transition. In his position, Probst will be a member of the Ventas executive leadership […]
Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced that it has completed the acquisition of 21 independent living facilities from affiliates of Holiday Acquisition Holdings Corp. for a total cash purchase price of $550 million. Monday’s announcement follows a string of Holiday deals involving Holiday Retirement unloading its senior living assets to big spending investors. […]
The largest real estate investment trust (REIT) nationwide’s stock price is expected to surge 30% in the coming 12 months, analysts say, and has caught the eye of the Wall Street Journal in an article this week. The daily share price for Ventas, Inc. (NYSE: VTR) was $61.06 as of Friday afternoon. Michael Carroll, an […]
The appetite for mergers and acquisitions in the health services sector is healthy, as the volume of deals in the first two quarters of the year are on pace with that of the first half of 2013, a PricewaterhouseCoopers LLP (PwC) report suggests. But some sectors are faring better than others: The managed care and […]
Fundraising by nontraded real estate investment trusts (REITs) has tripled since 2009 — rapid growth that has led regulators in several states to push for restrictions on the industry, The Wall Street Journal reports. Previous reports indicated that nontraded REITs would play an integral role in shaping the senior housing merger and acquisition landscape this […]
Following the launch of its senior living brand last year, a Dallas-developer has big plans for the rest of 2014 and beyond, including a name change and a pipeline of over $100 million in new construction slated for the next year. Formerly known as Caddis Partners, the company rebranded itself last week, updating everything from […]
Senior Housing News wrote them, you read them and passed them along to your friends and colleagues. Here are the most shared posts from SHN this week: Dished: How Five Star is Overhauling Senior Living Dining—Fifteen chefs, four 50-pound sea bass and a celebrity food personality are just a few features going down at an […]
Ventas, Inc. (NYSE: VTR) has completed its previously announced all-cash acquisition of 29 Canadian senior living communities from Holiday Retirement, the Chicago-based real estate investment trust (REIT) announced Tuesday. The transaction closed at CAD$957 million (US$897 million). Louisville, Kentucky-based Atria Senior Living will operate the communities, raising the tally of Ventas’ properties managed by Atria to 173. The […]
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