Real estate investment trust giant Ventas took a huge step in bolstering its private-pay assets when it announced it would acquire American Realty Capital Healthcare Trust for $2.6 billion in cash and stock. The transaction is expected to close later this year.
Real estate investment trust giant Ventas took a huge step in bolstering its private-pay assets on Monday, when it announced it would acquire American Realty Capital (ARC) Healthcare Trust for $2.6 billion in cash and stock. The transaction is expected to be finalized by the end of this year.
A number of REITs are acquiring foreign assets as a way to grow, further diversify their investments and expand their international presence and pipeline for new opportunities. While this trend is fairly new, there are important implications to consider on an industry and global scale.
A real estate investment trust that allegedly engaged in questionable sales transactions with nonprofit operators recently settled with the state of Tennessee, which will lead to a $40 million payday for charities in the state.
HCP Inc. will pay $125 million to settle a lawsuit filed by fellow real estate investment trust Ventas, on top of HCP's recent $102.8 million payment to Ventas for compensatory damages.
Ventas announced Monday that it was on the verge of becoming the largest healthcare real estate investment trust in the country by buying Nationwide Health Properties for $7.4 billion. The stock deal, which is expected to close in the third quarter of 2011, pending regulatory and shareholder approvals, would leave Ventas with ownership of more than 1,300 facilities in 47 states and two Canadian provinces.
Talk about your good advertising for upcoming business meetings. Next week, the National Investment Center for the Seniors Housing and Care Industry is hosting its second annual spring meeting for skilled nurisng operators and a companion regional investors meeting in Los Angeles.
The real estate investment trust Ventas Inc. said Monday that it has completed the acquisition of 58 private-pay senior living communities from Sunrise Senior Living Inc.
Sun Healthcare Group Inc., one of the largest nursing home operators in the country, said Monday it plans to split itself into two publicly traded companies.