Property Types Seniors Housing
American Land Announces Review of Strategic Alternatives
July 8, 2008
American Land Lease Inc. said today that its Board of Directors is considering a broad range of strategic alternatives to enhance shareholder value. The Board has authorized management to undertake a formal process to determine investor interest in the purchase of some or all of the company’s real estate assets. The Company has retained Wachovia Capital Markets L.L.C. to assist in this process and to solicit preliminary indications of interest.
Recent Seniors Housing Headlines
Parkbridge Completes $32M Financing, Closes on Seniors Communities
Oct. 07, 2008
Parkbridge Lifestyle Communities Inc. has announced the completion of a $32 million financing of one of its properties. The financing generated net proceeds of $13.2 million after repayment of a pre-existing first mortgage loan and associated transaction costs. The net proceeds were used to repay a $9 million secured facility and to partially repay amounts drawn under the corporation's operating lines.
HCP Completes Integration of $3B Slough Portfolio
Oct. 01, 2008
About six weeks after concluding its offering of 14.95 million shares of common stock, Long Beach-headquartered HCP Inc. has completed the integration of its $3 billion acquisition of Slough Estates USA Inc. that closed in August 2007. The Slough portfolio is primarily located in San Diego and San Francisco, two of the three largest life science clusters in the country.