Company Briefs, June 2012
While Kindred Healthcare terminated seven bundles of 64 assets with Ventas REIT at the end of April, it also renewed 25 assets and $46 million of current annual base rent. Ventas boosted profits by 85% in the first quarter.
The Salt Lake City Veterans Nursing Home, an 81-bed skilled nursing facility in Utah, received $150,000 from the Home Depot Foundation after coming in second place in a Facebook voting contest. The “Aprons in Action” finalist said it would use the money to renovate resident rooms.
The first Green House in Maryland, called the The Green House® Residences at Stadium Place, opened in April. Govans Ecumenical Development Corp. built the four houses, located at the former site of Memorial Stadium in Baltimore, for $12.6 million. Catholic Charities will manage operations.
A $28 million health campus with a skilled care center opened in Vero Beach, FL, in April. Residents raised more than $3 million, said officials at ACTS Retirement-Life Communities, the parent company of Indian River Estates.