Tagged with REIT

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

Large Senior Care Provider’s Sale – For Lawyers and Finance Geeks Only!

Ventas, Inc. a publicly traded REIT (real estate investment trust)  bought Atria Senior Living, Inc. last month as reported here. No, not http://www.atriaseniorliving.com, the fifth largest assisted living provider in the U.S., which Ventas already bought in May of 2011. Ventas, bought the management team of Atria, from a private equity firm (Lazard Feres Real Estate Investors LLC). The real estate and working capital … Continue reading