Post-Acute & Senior Living: G-A REIT IV buys a 79-unit assisted living and memory care facility in Texas for $19.5 million
BEAUMONT, Texas – In more news from Griffin-American Healthcare REIT IV, the non-traded REIT in early July acquired a 79-unit assisted living and memory care facility in Beaumont, about 90 miles east of Houston, for $19.5 million.
Post-Acute & Senior Living: MedEquities Realty Trust acquires IRF in Indiana for $23.4 million; signs Vibra to 15-year lease
NEW ALBANY, Ind. – MedEquities Realty Trust Inc. (NYSE: MRT), a real estate investment trust (REIT), recently acquired the Southern Indiana Rehabilitation Hospital.
Post-Acute & Senior Living: Senior housing occupancy falls
Q2 rate across all senior product types was 87.9 percent – an eight-year low By John B. Mugford Senior housing occupancy rates across all product types have dipped to their lowest point in more than eight years, evidently because new construction has outpaced new demand. Last month, we took a look at the falling occupancy […]
Industry Pulse: Beyond the Boomers: Is your firm ready?
Millennials are on track to be the largest population group Did you know that the population of millennials is projected to exceed the population of baby boomers by next year?
Post-Acute & Senior Living: Welltower transaction to further reduce concentration with Brookdale Senior Living
TOLEDO, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) is entering a new restructuring transaction with Brookdale Senior Living Inc. (NYSE: BKD) designed to reduce its concentration with the senior housing operating firm even further.
Industry Pulse: On the Record – Tony Perez
Are providers becoming more sophisticated about real estate?
Post-Acute & Senior Living: The Sanders Trust, as developer/owner, opens $21 million rehab hospital in Des Moines, Iowa
DES MOINES, Iowa – Birmingham, Ala.-based The Sanders Trust (TST) recently opened Mercy Rehabilitation Hospital, Iowa’s first freestanding rehabilitation hospital.
Post-Acute & Senior Living: Prevarian Senior Living refinances one of its Texas communities; Capital One provided the loan
NACOGDOCHES, Texas – In more news from Capital One Healthcare, the company recently provided a $9.3 million Fannie Mae fixed-rate loan to refinance a 59-unit seniors housing facility in Nacogdoches, about 180 miles southeast of Dallas.
Industry Pulse: On the Record – R. Milton Johnson
What are your thoughts on HCA celebrating its 50th anniversary?
Post-Acute & Senior Living: Confluent Senior Living, Harbor Retirement start senior community in Oklahoma City
OKLAHOMA CITY – Construction has started on a future 102,000 square foot assisted living and memory care community about 7.5 miles south of downtown Oklahoma City.
Industry Pulse: CNL confirms that it is exploring sale of MOBs
Orlando, Fla.-based firm says it might sell assets, sell the whole company or go public.
Publisher’s Letter: Still bullish on MOBs
Strong short-term results; good long-term prospects Dear Reader: Full disclosure: The Publisher’s Letter is nearly always the last article written as we put together this magazine. One reason is that there always seems to be something more urgent for me to work on, so this letter tends to get pushed down the priority list. Another […]
REIT Report: G-A REIT IV is picking up the pace
Despite high pricing for MOBs, the non-traded REIT is finding buys to its liking By John B. Mugford It’s been a number of years since the country’s healthcare-focused, non-traded real estate investment trusts (REITs) have been included among the most-aggressive pursuers and investors of the highest-quality medical office buildings (MOBs) put on the market.
Post-Acute & Senior Living: Griffin-American Healthcare REIT IV to acquire nursing facilities in Missouri for $88.2 million
MISSOURI – Irvine, Calif.-based Griffin-American Healthcare REIT IV (G-A REIT IV), a non-traded real estate investment trust (REIT), has agreed to acquire eight skilled nursing facilities (SNFs) in Missouri for $88.2 million.
Companies & People: Colliers completes HSRE investment
CRE firm closes on acquisition of 75 percent niche investor Harrison Street By Murray W. Wolf Just in case you missed the news because it happened the day after the Fourth of July, global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) completed its previously announced strategic investment in Harrison […]