Property Types Seniors Housing
Senior Housing Properties Prices 5.6M Share Offering
Feb 21, 2008

Senior Housing Properties Trust has announced that it has priced a public offering of 5.6 million common shares at $21.85 per share. The sale is expected to finish on Tuesday, Feb. 26. Plans are to use the proceeds to repay its revolving credit facility, and for general business purposes, including pending or future acquisitions of properties. The joint book-running managers are UBS Investment Bank, Merrill Lynch & Co. and Morgan Stanley & Co. The lead manager of this offering is RBC Capital Markets. The co-managing underwriters for this offering are Robert W. Baird & Co., Ferris, Baker Watts Inc., Janney Montgomery Scott L.L.C., Morgan Keegan & Co., Oppenheimer & Co., Raymond James, and Stifel Nicolaus.

 
Recent Seniors Housing Headlines
Pair of Senior Housing Deals Total $122M
July 02, 2008
Senior citizens naturally tend to slow down, but two new deals are further evidence that the senior housing sector is as active as ever.
Marsh’s Edge Sells for $56M in Georgia
July 01, 2008
Coastal Community Retirement Corp. sold Marsh’s Edge, the Entrance Fee Continuing Care Retirement Community located in St. Simons Island, Ga.
DC Officials Plan TIF Package for $260M Mixed-Use Project
June 27, 2008
Roadside Development, the company behind the planned CityMarket at O mixed-use redevelopment endeavor, is on track to get a helping hand from the District of Columbia for the funding of the $260 million project.
KeyBank Closes 3 Loans for $25M for Assisted Living Communities
June 26, 2008
KeyBank Real Estate Capital closed three loans totaling $25 million for Emeritus Senior Living.
Freddie Mac Buys $140M in Seniors Housing Mortgages
June 20, 2008
Freddie Mac has announced the purchase of a $140 million pool of mortgages from Capmark Finance Inc.
 

 

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