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.
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W2 Real Estate Partners Plans 206-Unit Community Within Mixed-Use Development in Austin
by Jeff Shaw
AUSTIN, Texas — Austin-based developer W2 Real Estate Partners and its joint venture senior housing partner Bridgewood Property Co. have revealed plans for The Village at the Triangle, a 206-unit seniors housing community within the Triangle mixed-use development in Austin.
CHICAGO — Ventas Inc. (NYSE: VTR) has elected Walter Rakowich, retired CEO of Prologis, and Roxanne Martino, CEO of Aurora Investment Management, to its Board of Directors. Rakowich will serve on the company’s Audit and Compliance Committee and Martino will serve on its Executive Compensation Committee.
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.
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.