Senior Housing: Capital Senior Living Enters into Sale Lease/ Back Transaction
Capital Senior Living Corp., an operator of senior living communities, announced that Midwest Portfolio Holdings, a joint venture in which it holds an 11 percent partnership interest, has entered into an agreement to sell five senior living communities to Health Care REIT, Inc.
Upon closing the transaction, the Company said that it will lease the communities [...]
Student Housing: Education Realty Trust to develop housing near Johns Hopkins
The development subsidiary of Education Realty Trust Inc., Allen & O’Hara Development Co., has been selected to design, build and manage a graduate student housing complex near the Johns Hopkins Medical Institute in Baltimore.
The 20-story, high-rise apartment will house nursing and medical students, fellows attending Johns Hopkins and students at other nearby universities.
The complex will [...]
Healthcare: Centura Health in Colorado to Start First Stage of $120M Hospital in Summer
Centura Health is planning a $120 million hospital in Castle Rock, Colo., that will be built in stages, according to the Denver Business Journal.
The 12-hospital system, which is jointly operated by Catholic Health Initiatives and Adventist Health System, plans to begin construction this summer.
The first phase, worth $26.3 million, will include a 40,000-square-foot medical office [...]
Student Housing: UNM Gets Go Ahead to Create New Student Housing
New housing to be located west of “The Pit”
On Tuesday, Jan. 12 the University of New Mexico Board of Regents unanimously approved the concept forwarded by American Campus Communities for development of an 864-bed student housing community on UNM’s south campus – currently the home of University Stadium and university’s renowned basketball arena, “The Pit.”
The [...]
Senior Housing: Senior Housing Properties Trust Announces Quarterly Dividend of $0.36 Per Share
NEWTON, Mass. — Senior Housing Properties Trust (NYSE: SNH) today declared its regular quarterly common share dividend of $0.36 per common share ($1.44 per share per year). This regular quarterly dividend will be paid to common shareholders of record as of the close of share trading on January 19, 2010 and distributed on or about [...]
Read more →Self Storage: U.S. REITs Poised to Boost Dividends After Raising $33 Billion
A dozen U.S. real estate investment trusts, part of an industry that raised $33 billion last year, likely will increase their next quarterly dividends.
Public Storage, Annaly Capital Management Inc., and Inland Real Estate Corp. are among those that may boost payouts, data compiled by Bloomberg show. Vornado Realty Trust said this week it would resume paying its dividend fully in cash after a year of issuing it partially in stock.
“I do see the strongest companies perhaps increasing their dividends,” said James Sullivan, an analyst with Green Street Advisors, a Newport Beach, California-based real estate research company.
Read more →Student Housing: Judge says UB can’t sue to stop housing
The University at Buffalo was unable to persuade a judge to prohibit privately owned student housing adjacent to the North Campus, but there is a chance the Amherst Town Board might block the housing plan after fighting for years to allow it.
State Supreme Court Justice Gerald J. Whalen ruled this week that the university did [...]
Data Center: Sabey lands $100M to build new data centers
Commercial real estate developer Sabey Corp. has landed a $100 million investment from a new financial partner that will allow it to build as many as 15 new data centers around the country.
The investment by National Real Estate Advisors, which makes investments on behalf of National Electrical Benefit Funds, will enable Seattle-based Sabey Corp. to [...]
Senior Housing: Kandu Capital, LLC Expands into the Southeast with the Acquisition of a New Retirement Community in South Carolina
Kandu Capital, LLC (“Kandu”), a private, family-operated investment company specializing in health care acquisition and management, along with its operating company, Bloomfield Senior Living, announced the acquisition of a new senior living community in South Carolina on January 6, 2010.
Read more →Student Housing: Near-campus apartment plan revives
An Alabama developer paid $6 million last week for three acres near N.C. State University, where it plans to build a private 10-story student apartment building and a parking deck.
The purchase by Capstone Development is the first sign of life on an $85million project that has been delayed by the credit crunch since being approved [...]
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