IRVINE, Calif. — Sabra Health Care REIT (NASDAQ: SBRA) plans to sell off 29 of its 78 skilled nursing facilities currently managed by Genesis Healthcare Inc.
TOLEDO, Ohio — Welltower Inc. (NYSE: HCN) has promoted Mercedes Kerr to the position of executive vice president of business development and Matthew McQueen to the positions of senior vice president of general counsel and corporate secretary.
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Higher lending caps for the two government-sponsored enterprises, plus a pullback in real estate financing by banks, strengthens their position
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Developer finds that its slow, methodical approach to the assisted living sector makes for sound investments
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In a groundbreaking move two years ago, the Department of Housing and Urban Development issued the first-ever handbook for the Section 232 Program, which insures HUD-approved lenders against financial loss from mortgage defaults on nursing homes and assisted living facilities.