by Steve Monroe | Nov 13, 2023 8:59 am | Acquisitions
Welltower and Chartwell Retirement Residences have agreed to wind-down their existing joint venture covering 39 communities in Canada. The joint venture, with equal ownership in the properties, began in 2012 with the interests of both parties strongly aligned. ... Read More »
by Steve Monroe | Nov 13, 2023 8:57 am | Developments
While it may not have been CareTrust REIT’s best quarter, there do not seem to be many problems with its tenants. The REIT collected 97.5% of contractual rent, up from 96.7% in the previous quarter. It helps when The Ensign Group is your major tenant. Lease coverage... Read More »
by Steve Monroe | Nov 10, 2023 8:23 am | Developments
There were a lot of moving parts during 2023 at Sabra Health Care REIT with regard to its former Enlivant portfolio, owned in a joint venture with private equity firm TPG. After defaulting on its Fannie Mae debt and basically handing the keys over to Fannie for a... Read More »
by Steve Monroe | Nov 10, 2023 8:22 am | Developments
As we are coming to the end of the third quarter earnings season, we apologize for sounding a bit like a broken record, but the fact of the matter is that the industry continues to claw its way out of the COVID pandemic pit. While it is taking longer than anyone... Read More »
by Steve Monroe | Nov 10, 2023 8:21 am | Financings
Capital Funding Group announced the closing of a $10.9 million HUD loan on behalf of a nationally recognized borrower. The loan supported the refinancing of an existing bridge loan, executed by CFG, into a HUD loan. The refinancing was secured by a 112-bed skilled... Read More »