• Janus Living Goes Public After Upsizing IPO

    by | Mar 20, 2026 4:09 pm | Uncategorized

    Janus Living, a Healthpeak Properties-formed REIT and now the only publicly traded U.S. REIT fully dedicated to seniors housing with its entire portfolio structured under RIDEA, has launched its initial public offering of Class A-1 common stock. The company is now listed on the NYSE under the ticker “JAN.” It plans to pay a quarterly dividend of... Read More »

  • Partnership Acquires Two Long Island Communities

    by | Mar 20, 2026 3:11 pm | Acquisitions

    Two Long Island assisted living communities were sold by their original developer/operator. Village Green Senior Living in Levittown (opened in 2020) and Village Walk Senior Living (opened in 2018) in Patchogue were acquired by a partnership between Fundamental Advisors, Scribner Capital and Atria Senior Living. They will be renamed Atria... Read More »

  • Artemis Real Estate Partners Purchases Class-A Community

    by | Mar 20, 2026 3:02 pm | Acquisitions

    The developer of a Class-A seniors housing community in the Minneapolis, Minnesota MSA, has passed the torch to a new owner. Pillars of Lakeville, now known as The Crest at Lakeville, sits on 1.8 acres. Oppidan Investment Co., a company that developed multiple Pillars senior living properties in Minnesota, acquired the land from Crossroads... Read More »

  • Stand-Alone Memory Care Community Gets New Owner

    by | Mar 20, 2026 3:01 pm | Acquisitions

    1031 CF Properties, a leading DST investor, acquired a stand-alone memory care community in the Spokane, Washington MSA. Built in 2005 with expansions in 2007 and 2013, Generations Memory Care offers 48 private units with 28,472 square feet on 2.067 acres. The seller was an investment group based in northern California that purchased the asset in... Read More »

  • Not-for-Profit Closes First Public Bond Issue in 20+ Years

    by | Mar 20, 2026 3:00 pm | Financings

    Ziegler announced the closing of a $30.0 million tax-exempt fixed rate bond issue for Butterfield Trail Village, Inc. (BTV). The Series 2026 bonds were issued through The Fayetteville Public Facilities Board. BTV is a not-for-profit corporation founded by five local churches in 1981 to own and operate a continuing care retirement community on... 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 »

CareTrust bucks the trend

by | Aug 14, 2015 6:31 am | Acquisitions

Since its formation in June 2014 when it was spun out from The Ensign Group as a publicly traded REIT, CareTrust REIT has largely taken part in small one- to three-property acquisitions with prices as small as $6.6 million but never larger than $18 million. Then the REIT surprised us (and others we presume) by announcing a $175 million acquisition of 14 senior care properties, valued at $139,110 per bed/unit. The portfolio, owned and operated by Liberty Nursing Centers, includes 1,102 operating skilled nursing beds and 156 assisted living and independent living units throughout the state of Ohio. Stepping in to operate these facilities will be Indiana-based Pristine Senior Living, which... Read More »

The meaning of a move

by | Aug 14, 2015 6:29 am | Opinion

So why does a successful CEO of a healthcare REIT leave to become the chief investment officer of a larger REIT? Since Justin Hutchens arrived at National Health Investors (NHI) in 2009, the REIT has posted positive returns in every year from 2010 on, including three years with total returns between 28.1% and 34.5%. And in 2010 it was the number one performing healthcare REIT. While we could joke that he yearned to return to the West Coast, the real reason had to be what his new employer, HCP, Inc., had to offer. He will be in charge of all the seniors housing and care portfolio, which is the majority of HCP and alone dwarfs the total NHI portfolio. Bottom line, it is a much bigger playing... Read More »