Cahill Group Buys $250 Million Senior Care Portfolio Cahill Group recently announced it has completed the $250 million acquisition of the Rosewood skilled nursing and health care portfolio, based in St. Louis, Missouri. The acquisition includes skilled nursing facilities, senior living, home health, and other related management and service companies in St. Louis and Illinois, […]
Ventas
Ventas, Inc. (NYSE:VTR) is taking a ‘hakuna matata’ approach to its ability to compete with a growing number of non-traded real estate investment trusts entering the senior housing and healthcare market. “Our sector is large, it’s growing, it’s highly fragmented, and there are lots of opportunities,” said Ventas CEO Debra Cafaro during the REIT’s fourth quarter […]
Some of the top healthcare-focused real estate investment trusts are spending big bucks on senior housing development, if presentations made during Tuesday’s Stifel Nicolaus conference are any indication. Sabra Healthcare REIT (NASDAQ:SBRA), Ventas (NYSE:VTR), LTC Properties, Inc. (NYSE:LTC) and Aviv REIT (NYSE:AVIV) all presented during the 2014 Stifel Nicolaus Senior Housing and Healthcare Real Estate […]
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 […]
Next year’s senior housing acquisition landscape is looking more favorable for company-to-company deals compared to the past year, but time for sellers to arrange favorable blockbuster deals is running low, some analysts say. Financial services firm Stifel Nicolaus met with management-level executives for 11 publicly traded REITs and two nontraded REITs all focused on the […]
Newcastle Investment Corp. (NYSE:NCT) announced Monday an agreement to acquire a 52-property portfolio of senior housing properties from affiliates of Holiday Retirement for approximately $1.01 billion. Newcastle is a real estate investment trust primarily focused on senior housing along with other types of real estate and debt and is externally managed and advised by an […]
Top senior housing buyers are touting acquisition strategies fueled by relationships rather than relying on marketed properties that are often characterized by low cap rates and fierce competition. While the strategy was initially born out of many healthcare real estate investment trusts’ desire to “lock up” the best senior housing operators and become their capital […]
Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units. In September 2012, Rittenhouse Senior Living […]
Ventas Inc. (NYSE:VTR) has acquired a 26-property portfolio of independent living communities from Holiday Retirement for around $790 million, the REIT disclosed in its third quarter earnings report. Holiday Retirement, owned by Fortress Investment Group, is the largest independent living provider in the U.S. with around 300 locations, according to its website. “This is a […]
A majority of senior housing executives believe interest rates will be the biggest driver for cap rates going forward, indicates a new survey conducted leading up to the 2013 National Investment Center (NIC) for the Seniors Housing & Care Industry conference, but investors are keeping an eye on new construction as well. For 2014, executives […]
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