{"id":1004067179,"date":"2013-02-13T07:47:50","date_gmt":"2013-02-13T15:47:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004067179"},"modified":"2020-04-14T00:25:18","modified_gmt":"2020-04-14T08:25:18","slug":"kkr-to-invest-150m-of-equity-in-sentio-healthcare","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/","title":{"rendered":"KKR to Invest $150M of Equity in Sentio Healthcare"},"content":{"rendered":"<p><em>By Gail Kalinoski, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004067183\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/baylor-064\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg\" data-orig-size=\"640,424\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Baylor-064\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg?w=640\" class=\"alignleft size-medium wp-image-1004067183\" title=\"Baylor-064\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg\" alt=\"\" width=\"300\" height=\"198\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg?resize=300,199 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Kohlberg Kravis Roberts &amp; Co. L.P. is providing $150 million of equity to Sentio Healthcare Properties, Inc., a REIT that invests in senior housing and medical facilities, to help it grow its portfolio.<\/p>\n<p>Both firms said an affiliate of global investment firm KKR will invest with Sentio\u2019s current shareholders in the Orlando, Fla.-based REIT over the next two to three years. The proceeds will be used for acquisitions. KKR is Sentio\u2019s largest equity partner to date.<\/p>\n<p>\u201cWe are very excited to have an industry leader like KKR as a long-term partner who can help us access new opportunities through its vast network of relationships,\u201d John Mark Ramsey, Sentio president and CEO, said in a prepared statement. \u201cWe believe KKR\u2019s financial commitment and real estate and capital markets capabilities will complement Sentio\u2019s industry expertise to help us drive meaningful shareholder value in the coming years.\u201d<\/p>\n<p>Founded in 2006, Sentio owns 20 health-care related assets in at least 10 states. Fifteen are senior housing, including independent living, assisted living and skilled nursing facilities. The remaining breakdown is two medical offices &#8211; Physicians Centre in Bryan, Texas, and Hedgcoxe Health Plaza, in Plano, Texas \u2013 and three specialty medical facilities such as in-patient rehabilitation and long-term acute care hospitals. Some of the assets are triple-net leased properties.<\/p>\n<p>The REIT\u2019s most recent acquisition occurred in September, when Sentio acquired a portfolio with four assisted living facilities for $49 million in a joint venture with JEA Senior Living. The portfolio had a total of 130,800 square feet, 264 beds and 152 units. All of the facilities are for residents with Alzheimer\u2019s\u2019 or other memory ailments. Three of the four properties are in Illinois \u2013 Springfield, Urbana and Normal \u2013 the remaining site is in Bryan, Texas.<\/p>\n<p>Sentio currently owns assets in Texas, Florida, Indiana, South Carolina, Tennessee, Ohio, Pennsylvania, New Hampshire, Illinois, Georgia and Colorado but is looking to expand to other states and regions.<\/p>\n<p>This is not KKR\u2019s first investment in the senior housing sector<a href=\"https:\/\/www.commercialsearch.com\/news\/property-types\/senior-housing\/kkr-beecken-petty-okeefe-coastwood-senior-housing-to-invest-130m-in-sunrise-senior-living\">. In September, the global investment firm agreed to team up with Beecken Petty O\u2019Keefe &amp; Co. and Coastwood Senior Housing Partners to purchase Sunrise Senior Living\u2019s management company component for $130 million. <\/a>\u00a0The management company has contracts covering 282 communities, leasehold interests in 15 communities and 12 development parcels, according to a September KKR press release. The acquisition is expected to close this quarter.<\/p>\n<p><strong>Like us on facebook:<\/strong><em><a title=\"Commercial Property Executive\" href=\"https:\/\/www.facebook.com\/pages\/Commercial-Property-Executive\/258033884191\" target=\"_blank\" rel=\"nofollow\">\u00a0https:\/\/www.facebook.com\/pages\/Commercial-Property-Executive\/258033884191<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kohlberg Kravis Roberts &#038; Co. is providing $150 million of equity to Sentio Healthcare Properties, a REIT that invests in seniors housing and medical facilities, to help it grow its portfolio.<\/p>\n","protected":false},"author":1068,"featured_media":1004067183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37774,21808,37775,21754,11,21742,37776,37777,37778],"tags":[],"class_list":["post-1004067179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-dividend-yield","category-featured","category-rc-forward-affo-payout-ratios","category-medical-office","category-midatlantic","category-latest","category-rc-premium-discount-to-nav","category-rc-price-ltm-ffo","category-rc-total-return"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KKR to Invest $150M of Equity in Sentio Healthcare - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR to Invest $150M of Equity in Sentio Healthcare\" \/>\n<meta property=\"og:description\" content=\"Kohlberg Kravis Roberts &amp; Co. is providing $150 million of equity to Sentio Healthcare Properties, a REIT that invests in seniors housing and medical facilities, to help it grow its portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-13T15:47:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-14T08:25:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/\",\"name\":\"KKR to Invest $150M of Equity in Sentio Healthcare - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg\",\"datePublished\":\"2013-02-13T15:47:50+00:00\",\"dateModified\":\"2020-04-14T08:25:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/Baylor-064.jpg\",\"width\":\"640\",\"height\":\"424\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-to-invest-150m-of-equity-in-sentio-healthcare\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KKR to Invest $150M of Equity in Sentio Healthcare\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. 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Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. 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