BOCA RATON AND ORLANDO, FLA. — Kayne Anderson Real Estate Advisors (KAREA) has entered into a definitive merger agreement under which affiliates of KAREA will acquire Sentio Healthcare Properties Inc. KAREA will acquire all of the outstanding shares of Sentio in an all-cash transaction valued at $825 million.
Company News
Kai Hsiao, who joined HCP Inc. in May 2016 as executive vice president of senior housing properties, will leave the company within the next few months “to return to his operating roots,” CEO Thomas Herzog announced Tuesday during an earnings call highlighting first-quarter results.
IRVINE, Calif. — Justin Hutchens will leave his post as president of HCP (NYSE: HCP) to become CEO of HC-One, a major seniors housing operator in the United Kingdom. Hutchens will remain in his current role at HCP through June 1 to help with the transition and the first quarter earnings report.