SEATTLE and VANCOUVER, Wash. — Columbia Pacific Advisors, a real estate investment fund manager, has agreed to acquire Hawthorn Retirement Group, a seniors housing owner-operator, for an undisclosed price.
Company News
BRENTWOOD, Tenn. — Zhonghong Zhuoye Group Co. Ltd., a Chinese real estate investor, has reportedly offered approximately $3 billion for the acquisition of Brookdale Senior Living (NYSE: BKD), according to a report by news agency Reuters, which cited people familiar with the matter.
IRVINE, Calif., and CHICAGO — Sabra Health Care REIT (NASDAQ: SBRA) and Care Capital Properties Inc. (NYSE: CCP) are joining forces to create a healthcare REIT with a pro forma total market capitalization of roughly $7.4 billion and an equity market capitalization of roughly $4.3 billion. The all-stock transaction is expected to close during the third quarter of 2017.
WEST POINT, Pa. — J. Mark Vanderbeck, CEO of Acts Retirement-Life Communities and a longtime leader in the nonprofit seniors housing industry, has passed away. His age and the cause of death were not disclosed, but Acts described the passing as “sudden.”
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.
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.