The COVID-19 pandemic continued to put pressure on an already strained skilled nursing industry in 2021. The next 12 months will be yet another test of resilience. Looking ahead to 2022, SNFs must stay nimble and inventive to not only survive but thrive. Private equity will continue to lead the nursing home transaction market pack, […]
Colony Capital
Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]
Fortress Investment Group LLC is in talks to acquire some of the non-core assets of the real estate investment trust (REIT) Colony Capital (NYSE: CLNY), including its skilled nursing portfolio, Bloomberg reported on March 8. Fortress, which is based in New York and is owned by SoftBank Group, has about $50 billion of assets under […]
Colony Capital, Inc. (NYSE: CLNY) on Thursday announced the successful refinance of a $1.73 billion consolidated loan on its health care portfolio, which includes skilled nursing facilities, senior housing properties, hospitals, and medical office buildings. The new interest-only loan totals $1.52 billion, with a five-year term and a blended interest rate of one-month LIBOR plus […]
Colony Capital, Inc.’s (NYSE: CLNY) skilled nursing holdings don’t frequently factor into the real estate investment trust’s (REIT) quarterly conference calls, but CEO Thomas Barrack on Friday likened the industry to a specific children’s puzzle. “Skilled nursing is a Rubik’s cube. Why? Because we’re so far removed from being able to fix anything,” Barrack said […]
Colony Capital, Inc. (NYSE: CLNY) shook up its leadership amid a net loss of $70 million for the third quarter, naming executive chairman Thomas Barrack as CEO. Barrack replaces Richard Saltzman, who served as CEO for four years since the company went public. Saltzman is expected to remain with the company in a non-executive capacity […]