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.
MELBOURNE, Fla. — Kayne Anderson Real Estate Advisors has purchased Sonata at Melbourne, a Class A seniors housing community in Melbourne, on the Atlantic coast of Florida approximately 70 miles southwest of Orlando.
NEW YORK CITY — Greystone Real Estate Advisors, a New York-based seniors housing brokerage, has arranged the $210 million sale of eight seniors housing communities in Texas and Oklahoma.
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.
BRIDGEPORT and SOUTHBURY, Conn. — National Health Investors Inc. (NYSE: NHI) has acquired two entrance-fee continuing care retirement communities (CCRCs) totaling 460 units in Bridgeport and Southbury for $56.3 million. The two towns are located approximately 25 miles apart in the southwest portion of Connecticut.
FLINT, Mich. — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired a portfolio of four assisted living and memory care communities in the greater Flint area for a total of $30.8 million. Flint is located approximately 70 miles northwest of Detroit.
Reducing injuries pays long-term dividends for residents, employees and the company
EDMOND, Okla., ABILENE, Texas, and SAN ANGELO, Texas — Sagora Senior Living has acquired Royal Estates of Abilene in Abilene, Royal Estates of San Angelo in San Angelo and Copper Lake Estates in Edmond for an undisclosed price.
IRVING, Texas — Presbyterian Communities and Services has hired Tim Mallad as the company’s new president.
MESA and APACHE JUNCTION, Ariz. — Lancaster Pollard has advised on the sale of two American Orchards Senior Living communities in Arizona for an undisclosed price.