• NHI and National HealthCare Corporation Ending Master Lease

    by | Apr 23, 2026 2:55 pm | Acquisitions

    In a move to concentrate its portfolio on private pay seniors housing, National Health Investors divested a large skilled nursing portfolio for $560 million, before estimated transaction costs between $6 million and $8 million. The buyer was the current lessee, National HealthCare Corporation, whose legacy master lease was established in 1991 and... Read More »

  • Seniors Housing Communities Sell in Southwest Florida

    by | Apr 23, 2026 2:41 pm | Acquisitions, Financings

    Berkadia has announced a couple of closings in southwest Florida. First, Brooks Minford headed to the Tampa, Florida area to sell a 138-unit assisted living/memory care community on behalf of a local developer that was looking to exit the seniors housing business. They had built Tessera of Brandon in 2017 to feature a mix of 98 assisted living... Read More »

  • Global Investment Firm Re-Enters the Senior Care Industry

    by | Apr 23, 2026 2:40 pm | Acquisitions

    Global alternative investment firm Investcorp has re-entered the seniors housing sphere after its exit in 2008. The company has acquired three communities in Massachusetts, California, and New York, all within a short period.  The Massachusetts community is in Boston, and it offers both independent living and affordable seniors housing... Read More »

  • Investor Enters Seniors Housing Sector

    by | Apr 23, 2026 2:39 pm | Acquisitions

    Stone Brook Assisted Living in the Dallas, Texas MSA, has traded hands from a single-community owner/operator to a regionally-based investor. The seller was looking to enter retirement, and the investor wanted to make their first investment in the seniors housing space. Both seller and buyer agreed to pause the process in Fall 2025 to allow the... Read More »

  • Public Company Divests in Arizona

    by | Apr 23, 2026 2:38 pm | Acquisitions

    A publicly traded company focused on seniors housing recently divested a community in Mesa, Arizona. The asset features 68 assisted living and memory care units, and offered meaningful upside potential. Amy Sitzman, Kyle Hallion and Jake Rice of Blueprint handled the deal, which saw a competitive process with multiple offers from groups looking... Read More »
The Big Deals Are Upon Us Again

The Big Deals Are Upon Us Again

by | May 10, 2017 7:02 am | 60 Seconds, Opinion

Sabra Health Care REIT and Care Capital Properties announced their merger in a somewhat negative SNF market for REITs. When I wrote the lead story for the May issue of The SeniorCare Investor talking about the return of the “Big Deal” to the market, I hope you didn’t think I had any inside information. Just days after it was published, Sabra Health Care REIT and Care Capital Properties announced their merger. I had written that a REIT buying a smaller REIT could make sense, except that one of the problems with that type of deal is that you end up with a certain amount of unwanted assets. That said, the transaction makes a lot of sense for both REITs. Separately, their cost of capital was... Read More »
The REIT Recovery

The REIT Recovery

by | Aug 31, 2016 8:31 am | Opinion

Back in mid-February, it looked as if the world of healthcare REITs had collapsed, with no end in sight. Almost every healthcare REIT hit a new low in a span of a few days, but it has been a vastly different story in the six months since then. The average healthcare REIT stock has jumped in price by about 50% since mid-February, with a range between 27% (Care Capital Properties) and 78% (Sabra Health Care REIT). While that means the higher-yielding REITs have dropped down from double-digit yields, the range of dividend yields is still a healthy range of 4.1% to 8.5% (at least for investors). Price pressure will certainly pop up again if the Fed does increase rates next month, but no one is... Read More »

Healthcare REIT Stocks Surge

by | Sep 18, 2015 8:33 am | Financings, Opinion

After the Federal Reserve announced it would not raise interest rates, at least not this month, healthcare REIT stocks surged on the news much more than the market as a whole. While the major stock indices were up between 0.5% and 1.0% in the first hour after the news, the healthcare REIT stocks increased from about 1.5% all the way to 6.0% for newly spun-off Care Capital Properties. We know Ray Lewis must have breathed a sigh of relief. This was a bit of a reprieve for the badly battered healthcare REITs, which suffered exaggerated declines during the past month or two. But rates will be increased, at some point. Read More »

Ventas SNF spin-off gets in the game

by | Sep 4, 2015 8:32 am | Acquisitions

Just a couple of weeks after Care Capital Properties officially was spun out from Ventas and began trading on the New York Stock Exchange, the newly formed post-acute/skilled nursing facility REIT announced its first acquisition, and it was a big one. With eight skilled nursing facilities and one assisted living community and 1,174 beds in the Shreveport, Louisiana market, the portfolio featured an average occupancy of 88% and a 47% quality mix. Also included in the portfolio was a rehab therapy company, four hospice agencies and an interest in an affiliated pharmacy provider. CCP will triple-net lease the portfolio to pursuant to a 15-year master lease containing annual rent escalations... Read More »