The United States Court of Appeals for the Sixth Circuit denied HCP’s (NYSE:HCP) request to reconsider a previous decision where a jury ruled it must pay approximately $102 million in damages to Ventas (NYSE: VTR) on Monday. HCP, a real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United […]
Ventas
HCP (NYSE:HCP) said it filed a petition for rehearing before the full U.S. Court of Appeals for the Sixth Circuit in connection with its ruling affirming a 2009 verdict, where the company must pay approximately $102 million in damages to Ventas (NYSE: VTR). HCP, a real estate investment trust (REIT) that invests primarily in real estate […]
A group of lenders assisted Ventas (NYSE: VTR) in assuming $837 million in existing mortgage debt to close on its acquisition of Atria Senior Living Group. Red Mortgage Capital, Berkadia Commercial Mortgage and PNC Bank, originated more than 120 commercial mortgage loans made to wholly owned subsidiaries of Atria, Inc., the fourth-largest operator of assisted living properties […]
Atria Senior Living has completed a deal to merge its senior living portfolio with Ventas (NYSE: VTR). As part of the agreement, Atria will manage the portfolio of 118 senior living communities acquired by Ventas. Ventas acquired the portfolio valued at more than $3.1 billion through mergers of Atria Senior Living Group, Inc. (ASLG) using […]
Ventas (NYSE:VTR) reported that funds for operations came in at $121 million, up 15% from the same period last year. Weighted average diluted shares outstanding in the first quarter of 2011 rose by 3.2% to 162.0 million, compared to 157.0 million in the comparable 2010 period. “We delivered excellent results in the first quarter, with a […]
Ventas Inc. announced Monday morning that it will be purchasing Nationwide Health Properties Inc. (NHP) in a $7.4-billion stock deal that will create the nation’s largest health care real estate investment trust (REIT). The combined entity will have more than 1,300 properties in 47 states, the District of Columbia and two Canadian provinces with 643 […]
Ventas, Inc. (NYSE: VTR) announced Monday that it had completed the previously announced acquisition of the the real estate interests in 58 private pay senior living communities from affiliates of Sunrise Senior Living, Inc. (NYSE: SRZ). The acquisition for $186 million includes the assumption of $144 million in mortgage debt from Sunrise. The transaction will […]
Subscribe
Receive industry updates and breaking news from SHN