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Stroud Sells Four Communities to ROC for Over $70M

DALLAS —Stroud Development and Stroud Investments, in a joint venture with Orchard Park Senior Living, have sold four assisted living and memory care communities in the Houston, Odessa and Austin markets to ROC Seniors Housing Fund Manager. The sale, valued at over $70 million, was financed using the HUD 232 debt program.

Big Rock and Millennium Plan $25M Community in Port Royal, S.C.

PORT ROYAL, S.C. – Big Rock Partners, a real estate investment management and development firm, and joint venture partner Millennium Real Estate Group LLC plan to begin construction in early 2016 on a $25 million upscale senior living rental development in Port Royal, just minutes from Hilton Head Island in South Carolina’s Lowcountry region.

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Ventas to Acquire Ardent Health Services for $1.75B, Spin Off Skilled Nursing Portfolio

CHICAGO — Ventas Inc. (NYSE: VTR), a seniors housing and healthcare REIT, has signed a definitive agreement to acquire Ardent Medical Services Inc. for $1.75 billion in cash. Ardent Medical, a subsidiary of Nashville-based Ardent Health Services, is one of the 10 largest for-profit hospital firms in the United States. The privately owned Ardent Medical will be entitled to distribute up to $75 million in excess cash to its existing shareholders as part of the transaction.

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