Property Types Seniors Housing
Investors Real Estate Trust Takes Senior Housing, Medical Portfolio
March 10, 2008

Investors Real Estate Trust has announced the recent completion of two separate acquisition transactions. It closed on the Edgewood Vista Senior Housing Portfolio on March 6, 2008. The portfolio contains five senior housing facilities with a total of 237 units/beds for an aggregate purchase price (excluding closing costs) of $32 million. IRET acquired the facilities from affiliates of Edgewood Vista Senior Living Inc. The Firm also expects to close within the next several weeks on the acquisition of an additional senior housing property for a purchase price of $15 million. The eight facilities clsoed on are in in Minnesota, Montana, Nebraska, North Dakota and South Dakota. On March 3, 2008, it closed on its acquisition of a portfolio of six medical office properties in the greater Minneapolis, Minn. metropolitan are for a total price of $52 million.

 
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.
torrey pines 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.
Sunrise to Take its Innovative Independent Living Brand to Denver Area
Sept. 26, 2008
Sunrise Senior Living has revealed plans to open the Stratford at FlatIrons, an independent living community that will be located approximately 15 miles from Denver in Broomfield, Colo.
Omega Transfers Operations of 13 Facilities to Affiliates of Formation Capital; Genesis Healthcare to Manage
Sept. 09, 2008
Omega Healthcare Investors Inc. has announced that it completed the operational transfer of 13 skilled nursing facilities to affiliates of Formation Capital as part of its deal disclosed August 7.
 

 

Hilton Plans 150 Hotels in Caribbean, Latin America
October 07, 2008
By Barbra Murray, Contributing Editor -- Taking yet another big step toward its goal of increasing its international portfolio by 1,000, Hilton Hotels has revealed that the behemoth Beverly Hills-based hospitality concern will step up its presence in the Caribbean...

Parkbridge Completes $32M Financing, Closes on Seniors Communities
October 07, 2008
By Tom Dworetzky, News Editor -- 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...

ProLogis Leases 460,000 SF in Shanghai
October 07, 2008
By Tom Dworetzky, News Editor -- ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao, ProLogis has leased approximately 192,000...

Behringer Harvard Expands European Portfolio, Buys 7 Properties
October 07, 2008
By Elena Gontar, Staff Writer -- Behringer Harvard continues to expand its presence in Central Europe. The company has acquired seven additional assets--a retail property in Hungary, five retail properties in the Czech Republic and a Czech logistics facility--via Wenceslas...

REal Talk with Adam Perrotta-Monday
October 06, 2008
By Adam Perrotta, News Writer --If it's true that misery loves company, the struggling American financial sector can at least take some solace in the fact that Europe is not immune to difficulties of its own, such as the struggles...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...