Just about a week after changing hands, four skilled nursing facilities in Nebraska announced plans to soon shut down amid financial difficulties that their new owners blamed on a tough overall state budget landscape. The four facilities — Blue Hill Care Center in Blue Hill, Crestview Care Center in Milford, Mory’s Haven in Columbus, and […]
Senior Housing Properties Trust (Nasdaq: SNH) on Monday completed the first wave of a planned $900 million property sell-off that will see the real estate investment trust (REIT) eliminate all standalone skilled nursing assets from its portfolio. The Newton, Mass.-based firm announced the sale of a 15-building skilled nursing portfolio in Nebraska, Iowa, and Kansas […]
A week after announcing plans to sell all of its standalone skilled nursing assets as part of a larger portfolio reshuffle, Senior Housing Properties Trust (NYSE: SNH) pulled off a three-SNF sale in California. The real estate investment trust (REIT) sold three buildings in Van Nuys, LaSalette, and Thousand Oaks, Calif., with a total of […]
A month after announcing a $900 million disposition plan with a specific focus on standalone skilled nursing assets, the president of Senior Housing Properties Trust (Nasdaq: SNH) confirmed that the company intends to sell all remaining single-site SNFs in its portfolio. “We’re marketing and selling all of our standalone skilled nursing, and are very far […]
Amid a major restructuring with one of its primary tenants, Senior Housing Properties Trust (NYSE: SNH) is looking to shed up to $900 million worth of its assets — with standalone skilled nursing facilities in the crosshairs. The Newton, Mass.-based real estate investment trust (REIT) earlier this week announced a overhaul of its longstanding relationship […]
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