Post-Acute & Senior Living: Sanders Trust and Harrison Street buy two Boston area IR facilities for $90 million
WOBORN and BRAINTREE, Mass. – Medical office buildings (MOBs) are still the apple of their eyes for most healthcare real estate (HRE) investors. Yet, with healthcare reform putting a growing emphasis on the continuum of care, more and more HRE investors are showing an interest in a wider range of facilities that provide important post-acute care […]
Post-Acute & Senior Living: REITs discuss role
Trusts are keeping a watchful eye on the changing landscape, NIC panelists say By Murray W. Wolf Real estate investment trusts (REITs) continue to play an outsized role in the state of the healthcare real estate (HRE) industry. Huge inflows of low-cost capital for both public and private REITs in recent years have made them […]
Post-Acute & Senior Living: Ventas makes $790M acquisition
Firm buys 26 independent living communities from Holiday Retirement By Murray W. Wolf Ventas Inc. (NYSE: VTR) racked up record profits during the third quarter (Q3) and completed a $790 million acquisition from Holiday Retirement. The acquisition of 26 independent living communities was not formally announced; the deal came to light during the Q3 earnings […]
Post-Acute & Senior Living: Investor demand strong, occupancies rising in senior housing sector
CHICAGO – The fundamentals for the seniors housing sector improved again during the third quarter (Q3), according to the National Investment Center (NIC) for the Seniors Housing & Care Industry. NIC released its most recent data on Oct. 10 at its 23rd annual national conference in Chicago. Perhaps most telling concerning the sector’s improving strength […]
Post-Acute & Senior Living: Pomona, Calif., rehab provider finishes MOB, starts $45M hospital wing
POMONA, Calif. – Just as Casa Colina Centers for Rehabilitation was completing a new outpatient facility on its 20-acre campus in Pomona, it started construction on a $45 million wing of its adjacent hospital structure. Pomona is in the eastern suburbs of Los Angeles.
Post-Acute & Senior Living: Omega inks $525M sale/leaseback
Healthcare REIT to acquire 56 facilities and lease them back to Ark Holding Co. By Murray W. Wolf A wholly owned subsidiary of Omega Healthcare Investors Inc. (NYSE: OHI), a healthcare real estate investment trust (REIT) specializing in the long-term care industry, has agreed to a $525 million sale/leaseback transaction that would add 56 facilities […]
Post-Acute & Senior Living: Kindred Healthcare closes sale of 16 ‘non-strategic’ facilities for $186.5 million
LOUISVILLE, Ky. – Kindred Health-care Inc. (NYSE: KND) has sold 16 “non-strategic” facilities to an affiliate of Vibra Healthcare LLC for a total of $186.5 million. On Sept. 3, Kindred announced that it had completed the sale of
Post-Acute & Senior Living: Senior Housing Property Trust to sell rehab hospitals, reducing Medicare exposure
NEWTON, Mass. – Senior Housing Properties Trust (NYSE: SNH) announced Sept. 20 that it has agreed to sell for $90 million two rehab hospitals it owns in a joint venture (JV) composed of affiliates of The Sanders Trust LLC of Birmingham, Ala., and Harrison Street Real Estate Capital LLC of Chicago. SNH says it expects […]
Post-Acute & Senior Living: Seton, Healthcare Family, Post Acute Medical team up on new facility in Kyle, Texas
AUSTIN, Texas – Austin-based Seton Healthcare Family has broken ground on a new hospital in Kyle, Texas, while, at the same time, it has announced plans for a new facility in Breckenridge, Texas, about 100 miles west of Fort Worth. Ground was broken recently for a
Post-Acute & Senior Living: More Senior Living News
■ CNL Lifestyle Properties Inc. of Orlando, Fla., says it recently acquired senior living communities in Montana and Oregon for a total of about $45.85 million. The Orlando-based real estate investment trust (REIT) says it acquired Bozeman Lodge, a 131-unit independent and assisted living community in Bozeman, Mont., and Pioneer Village, a 99-unit independent and assisted […]
News Release: Nashville based Centerre Healthcare and University of Wisconsin Hospital announce partnership for new inpatient rehabilitation hospital
Nashville, TN – University of Wisconsin Hospital and Clinics, in partnership with Centerre Healthcare Corporation, today announced plans to build a freestanding inpatient rehabilitation hospital in Madison. Pending purchase of the site and required city approvals, the new hospital will be built across the street from UW Health at The American Center, the planned new campus […]
Post-Acute & Senior Living: CNL Lifestyle Properties Inc. buys CCRC in Indianapolis suburb for $22 million
ORLANDO, Fla. – CNL Lifestyle Properties Inc. announced July 2 that has acquired The Stratford, a 221-unit continuing care retirement community (CCRC) in Carmel, Ind., for $22 million.
Post-Acute & Senior Living: Recovery in jeopardy? Senior living fundamentals softened during first quarter
ANNAPOLIS, Md. – The National Investment Center for the Seniors Housing & Care Industry (NIC) reports that upward momentum in senior housing occupancy stalled during the second quarter (Q2) of 2013, while the pace of annual rent growth slowed and overall construction activity rose.
Post-Acute and Senior Living: LCB gets funding for initial projects
Cushman arranges $38.3 million finance new operator’s first developments By Murray W. Wolf LCB Senior Living LLC is moving ahead with the development of its first two senior living communities in the northeastern United States thanks to $38.3 million in debt and equity financing arranged by Cushman and Wakefield’s Senior Housing Capital Markets Group. […]
News Release: Central Banks in U.S. and Europe Remain Oceans Apart on Strategies to Stimulate Economic Growth, Cambridge Chairman Says
The U.S. and its European trading partners remain oceans apart on strategies aimed at stimulating economic growth, an article posted on the Cambridge Realty Capital Co. website suggests. “In recent weeks, central bankers in the U.S. have been more transparent in discussing a conditional timetable for the phase-out of programs aimed at keeping interest rates […]