Medical Office
Health Care REIT, Benchmark Form $890M JV
The agreement involves 34 of Benchmark’s seniors housing properties encompassing 3,007 units in New England.
Northwest Care, Heitman Eye Seniors Housing in $125M Venture
The West Coast-focused strategy includes potential markets such as Portland, Sacramento, San Francisco, Los Angeles and San Diego.
CNL Lifestyle Properties Makes $630M Foray into Seniors Housing
Acting as a joint venture, CNL Lifestyle Properties Inc. and Sunrise Senior Living Inc. have completed the acquisition of a portfolio of 29 seniors housing properties in a $630 million deal. CNL Lifestyle Properties owns 60 percent of the JV, while Sunrise owns 40 percent and operate the communities under a long-term contract.
CNL Acquires 29 Senior Housing Communities
The real estate investment trust marks its entry into the market with a transaction valued at $630 million.
Market View: Seniors Housing
While the seniors housing industry certainly has not been recession proof, it has survived the depths of the economic downturn. As 2011 begins, the industry is being transformed from a 25-year upstart to a full-fledged member of the real estate community.
CPE, MHN Launch Seniors Housing Video Report
Now on MHN TV and CPE TV: Seniors Housing Report, a new video series featuring longtime seniors housing expert Mel Gamzon. With the first Baby Boomers turning 65 in January, the seniors housing market has never offered more opportunity. Be sure to catch him each quarter as this principal & senior managing director of Senior Housing Investment Advisors offers insights into the latest seniors housing issues.
Retirement Communities Change Hands
Sedgebrook and Monarch Landing, located respectively in Lincolnshire and Naperville, Ill., have been sold for approximately $39 million to an affiliate of Senior Care Development L.L.C. and its capital partner Fundamental Advisors L.P.
2.8 MSF MOB Portfolio to Trade for a Half-Billion Dollars
Senior Housing Properties Trust — the owner of seniors housing communities, rehabilitation hospitals, wellness centers and medical office buildings — has signed on to acquire 27 medical office buildings from CommonWealth REIT for $470 million.
Ventas Portfolio, Profile to Swell with $3.1B Atria Purchase
A new deal is turning heads in the seniors housing market, a deal that will put Ventas Inc. at the very head of the table: namely, the healthcare REIT’s definitive agreement to acquire 118 premier properties from Atria Senior Living Group, the nation’s fourth-largest assisted living property operator, in a transaction valued at $3.1 billion.
Ventas to Buy Interests in 58 Sunrise Seniors Housing Assets in $186M Deal
In addition to leaving Ventas as full owner of the 58 assets, the deal calls for a revision of the management agreement for the 21 properties that Sunrise presently manages on behalf of Ventas, in addition to the 38 communities it will manage upon the transaction’s completion.