Medical Office
Fitch Gives Health Care REIT Inc’s $152MM Convertible Senior Notes ‘BBB’ Rating
According to a statement by Fitch, Health Care REIT will use the proceeds to repurchase a portion of its 4.5 percent convertible senior notes due in 2026 and 2027.
Harrison Street Raises $165M to Close Third Fund
According to Harrison Street co-founder, president and CEO Christopher Merrill, the fund expects to raise $500 million, or $1.75 billion in purchasing power.
Omega Buys 63 Long-Term Care Facilities with $293M Price Tag
The 63 facilities comprise 6,607 available beds in 19 states and are part of 30 in-place triple-net leases among 18 operators. The leases generate about $34 million in annualized revenue.
Canada’s Chartwell Buys JV Partner’s Half of U.S. Seniors Housing Portfolio for $110.5M
Mississauga, Ont.-based Chartwell Seniors Housing Real Estate Investment Trust can claim full ownership of a six-property senior housing portfolio in the U.S. now that the company has closed the $110 million acquisition of its joint venture partner’s 50 percent ownership stake in the high-quality assets.
Omega Healthcare Plans $295M Purchase of 63-Property Long-Term Care Portfolio
Taking advantage of an opportunity presented by its Securities Purchase Agreement with commercial lender CapitalSource Inc., Omega Healthcare Investors Inc. has decided to enhance its real estate holdings with the acquisition of a group of 63 long-term care facilities from CapitalSource affiliates for $295M.
Skanska Spearheading $47M Hospital, Other Major Projects
Stockholm-based development and construction group Skanska has been tapped to build the $47.6 million Smyth County Community Hospital in Marion, Va.
Nationwide Acquires Five Pacific Medical Buildings to the Tune of $211M
Newport Beach, Calif.-based Nationwide Health Properties has acquired five additional medical buildings with an aggregate transaction value of $211 million.
NHI Wraps Up $67M Purchase of Six Florida Nursing Facilities, Plans to Purchase More
Murfreesboro, Tenn.-based National Health Investors Inc. has added six skilled nursing facilities in Florida to its property portfolio via a $67 million transaction with Nashville-based Care Foundation of America Inc.
The Graying of America: Age and Opportunity
The graying of America may arguably be one of the single most dramatic demographic megatrends shaping our landscape. Although the U.S. population growth for individuals age 55 and over during the past nine years hasn’t been impressive—from 21.06 percent to 24.17 percent—growth for individuals age 55-64 increased by 30 percent over the same period. Given that the oldest Boomers turned 63 this year, maybe it’s time investors consider the opportunities this megatrend offers.
Ventas Wins Lawsuit Against HCP; Awarded $101M in Damages
Healthcare REIT Ventas Inc. has prevailed in its lawsuit brought against healthcare REIT HCP Inc. regarding Ventas’ $2 billion acquisition of Toronto, Ont.-based Sunrise Senior Living REIT in April 2007.
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