Ventas has officially transitioned management of its Elmcroft portfolio to newly-formed Eclipse Senior Living. It is now official. The operations of the Elmcroft Senior Living portfolio of 76 properties, with the real estate owned by Ventas, has officially been transferred to Kai Hsiao’s new company, Eclipse Senior Living. Ventas has acquitted a 34% interest in Eclipse, with the […]
It all started when HCP, Inc. completed a series of rent negotiations with HCR ManorCare, but to no avail. It just wasn’t enough for a long-term solution, and they ended up spinning the HCRMC portfolio into a new entity (Quality Care Properties) that was supposed to be a REIT but may end up not being […]
We have heard more about REITs and their skilled nursing troubles, but LTC Properties‘ announcement a month ago has been followed by a much larger seniors housing problem at Ventas. At first, everyone thought it was the skilled nursing sector that was going to give the healthcare REITs heartburn. After all, that was the sector […]
Allen McMurtry, Megan Fetter and David Kliewer of Cushman & Wakefield’s Tampa office represented Senior Care US Holdings, Inc., in the sale of its two assisted living/memory care communities near Louisville, Kentucky. Both communities have been operated by Elmcroft Senior Living since opening in 2012, with one featuring 56 assisted living units, 24 memory care […]