Tagged with Real estate investment trust

Smaller REIT Prefers Building Properties over Buying Them

Smaller REIT Prefers Building Properties over Buying Them

Edgewood REIT, based in North Dakota, finds building its own senior living properties  more prudent than buying existing ones. Edgewood REIT  leases most of its properties to the Edgewood Group who also own a development and construction company. The company manages 43 independent, assisted and memory care communities in several Great Plain and Rocky Mountain States. The … Continue reading

Why Do Senior Housing Providers Sell their Real Estate?

Why Do Senior Housing Providers Sell their Real Estate?

The recession which began in 2007 as the housing market declined has resulted in REITs (Real Estate Investment Trusts) entering nontraditional markets, looking for profit opportunities. The newer markets include senior housing – assisted living facilities and skilled nursing homes. Many of the larger senior housing chains have sold off their properties to these REITs, … Continue reading