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Welltower, Hines Unveil Plans for 15-Story Assisted Living Community in Midtown Manhattan

NEW YORK CITY — Welltower Inc. (NYSE: HCN), the largest healthcare real estate investment trust (REIT) in the United States by market cap, and Hines, an international real estate firm, have announced plans for a 15-story assisted living and memory care community at the corner of 56th Street and Lexington Avenue in Midtown Manhattan.

NorthStar, Colony to Merge Creating $17B REIT

NEW YORK AND LOS ANGELES — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger agreement under which the companies will combine in an all-stock merger to create a diversified global equity REIT with a total capitalization of $17 billion.

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Mainstreet Completes $95M Canadian Public Offering, Buys 13 U.S. Communities

CARMEL, Ind. — Mainstreet Health Investments Inc. (TSXV: HLP.U) has completed its public offering of 9.5 million shares of stock, generating $95 million in gross proceeds. The company, formerly known as Kingsway Arms Retirement Residences, changed names when Carmel-based skilled nursing developer Mainstreet purchased the company in April.

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