Ventas (NYSE: VTR) plans to sell a total of $150 million in nursing home assets, and is close to selling a portion of the Pennsylvania facilities in a market that has proven to be challenging due to its state staffing mandate. The Chicago-based real estate investment trust (REIT) is in the midst of efforts to […]
Santerre Health Investors
Blueprint Healthcare Real Estate Advisors has arranged the sale of 12 skilled nursing facilities in Utah, with a portfolio of 1,275 licensed beds, to a Nevada-based operator. Blueprint did not disclose the identities of the parties involved, but shared in a March 30 press release that the firm was initially approached “by a longstanding and […]
Ventas (NYSE: VTR) on Friday announced that it intends to take ownership of the collateral that supports its approximately $486 million cash-pay mezzanine loan to Santerre Health Investors. “Ventas expects to take ownership of the Santerre Portfolio through a ‘loan to own’ structure that converts the outstanding principal amount of the Santerre Mezzanine Loan to […]