In an effort to align common interests and boost revenues in a choppy market, healthcare REITs are switching operators. By Jane Adler In a challenging environment, healthcare real estate investment trusts (REITs) are changing partners and optimizing their operator mix. Regional providers are gaining favor as the REITs diversify their partnerships and look for geographic balance in their portfolios. The structures of operating agreements are also under review. Joint-venture partnerships and income-sharing agreements have always been important, but are now being re-examined and fine-tuned to better align the interests of …
Operations
EASTON, ADAMSTOWN and SYKESVILLE, Md. — Acts Retirement-Life Communities, one of the nation’s largest nonprofit senior living organizations, has agreed to affiliate with Integrace and assume management and operation of its four senior living communities located throughout Maryland.
CHICAGO — Evergreen Real Estate Group has been retained to manage nine affordable housing communities totaling 1,071 units across Illinois, Kansas, Ohio and Wisconsin. The properties include a mix of affordable housing for families, seniors and people with disabilities.
ST. PETERSBURG, Fla. — Solvere Living, the operations division of St. Petersburg-based Solutions Advisors Group, has been contracted to operate six additional seniors housing communities, bringing its operational portfolio up to 17 properties in Florida, New York, New Jersey, Texas, Maryland, Virginia, Michigan and Oklahoma.