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
Inland Takes $100M Interest in Wakefield 
July 10, 2008
Seeking capital to pursue healthcare real estate opportunities, NorthStar Realty Finance Corp. said today its healthcare real estate venture, Wakefield Capital L.L.C., sold $100 million in convertible preferred equity interest to Inland American Real Estate Trust Inc.
Fannie Mae Bolsters M-F Investment
July 09, 2008
Fannie Mae will expand liquidity, stability and affordability by increasing its participation in key segments of the multifamily market, the company said today. The firm invested $20 billion in multifamily housing in the first half of 2008.
American Land Announces Review of Strategic Alternatives
July 08, 2008
American Land Lease Inc. said today that its Board of Directors is considering a broad range of strategic alternatives to enhance shareholder value.
Grubb & Ellis Healthcare REIT Takes 8 Properties
July 07, 2008
Grubb & Ellis Healthcare REIT Inc. has acquired eight properties in three separate deals.
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.
 

 

UrbanAmerica Takes Rubicon Portfolio for $515M
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Manhattan Mixed-Use Sold to Local Investor
July 18, 2008
By Scott Baltic, Contributing Editor A partnership including Kent Swig of Swig Equities L.L.C. has sold a pair of pre-war apartment buildings on Manhattan's Upper West Side to a locally--based operator of residential and mixed-use properties for $61 million, or...

Vegas-Area Resort Developer Files for Bankruptcy
July 18, 2008
By Tonie Auer, Southwest Correspondent -- A sluggish economy coupled with housing market woes nationwide trickled down to the robust Las Vegas housing market, contributing to the filing to reorganize under Chapter 11 bankruptcy for Lake at Las Vegas Joint...

Details Emerge for $90M Canadian Casino
July 18, 2008
By Barbra Murray, Contributing Editor -- Plans for a new destination casino in New Brunswick, Canada move closer toward realization as developer Sonco Gaming New Brunswick L.P. divulges details of the mixed-use property. The $90 million project will carry the...

REal Talk with Adam Perrotta-July 17
July 17, 2008
By Adam Perrotta, News Writer --Today's news was a mixed bag, as yet another disappointing report on the real estate market and a major tenant pulling out of the World Trade Center was balanced out by some good news, including...

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Know Thy Customer
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By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

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By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
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By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
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