HCP Inc. completed its previously announced spin-off of its troubled HCR ManorCare skilled nursing and assisted living portfolio into a new real estate investment trust on Oct. 31.
Genesis: SNF selloff to trim rent outlays by $10.5 million
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Dec 06, 2016
Genesis HealthCare expects to save $10.5 million in rent payments following the sale of 92 skilled nursing facilities previously leased by its biggest landlord, the long-term care giant announced in early...
Occupancy hits 5-year low
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Nov 05, 2016
Occupancy rates for skilled nursing facilities dropped to 82.2% in the second quarter of 2016 — the lowest level in five years, according to a report released in September by the National Investment...
CareTrust to add two SNFs
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Oct 01, 2016
CareTrust REIT Inc. acquired a portfolio of two California skilled nursing facilities, along with two seniors housing properties, for $34.4 million, the company announced in August.
Sabra Health Care REIT is the latest in a string of real estate investment trusts looking to distance themselves from problematic skilled nursing portfolios.
Griffin-American picks up five Boston SNFs for $65.5 million
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Sep 05, 2016
Griffin-American Healthcare REIT III Inc. acquired five Massachusetts skilled nursing facilities in the second quarter of 2016, the company announced in July.
CA community sells for $6M
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Sep 05, 2016
CareTrust REIT Inc. has acquired a California skilled nursing facility for $6.9 million, the company announced in early August.
Occupancy is steered by flu
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Aug 06, 2016
Skilled nursing facilities experienced slightly increased occupancy rates in the first quarter of 2016, likely due to winter-related causes such as flu and falls, according to the National Investment Center...
REITs wary of skilled nursing sector woes, report asserts
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Jul 04, 2016
Real estate investment trusts are becoming increasingly cautious of the pitfalls associated with skilled nursing portfolios, according to a report from Fitch Ratings.
ManorCare, HCP Inc. sued
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Jul 04, 2016
HCP ignored fraud and misled investors about the performance of ManorCare, its skilled nursing portfolio, according to a class action filed in May.