property type: Assisted Living/Health Care

May 1, 2001 BEAVERTON, Ore. – Developer Walt Friesen received $18.2 million of construction financing through the Federal Housing Administration's 232 loan program for the Hearthstone at Murrayhill assisted living facility. The 40-year loan has a 40-year amortization and carries ...

April 23, 2001 PHOENIX - InnSuites Hospitality Trust (NYSE:IHT) has refinanced the InnSuites Holiday Inn Hotel & Suites Ontario Airport for $9 millionNet proceeds of $4.2 million will be used to reduce the Trust's outstanding line of credit. Pacific Century ...

April 23, 2001 LOUISVILLE, Ky. – Ventas Inc.'s (NYSE VTR) primary tenant, Vencor Inc., has emerged from chapter 11 bankruptcy and changed its name to Kindred Healthcare Inc.Kindred will pay $180.7 million from May 1 through April 30, 2002, to ...

April 19, 2001KISSAMEE – Extendicare Health Services Inc. (NYSE:EXE) has sold two nursing homes in Florida for proceeds of $11.4 million to Tandem Health Care Inc., which was leasing the facilities.The deal consisted of $7 million in cash, a $2.5 ...

April 16, 2001 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has agreed to sell its outstanding shares of common stock to its chief executive officer and its president.Under the healthcare REIT's agreement with CEO Daniel M. Gottlieb and President ...

April 4, 2001 LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) is obtaining a 15-day filing extension for its 2000 annual report in order to coordinate the filing with Vencor, its primary tenant, which is emerging from bankruptcy. Vencor is beginning its ...

April 3, 2001 DALLAS – The Meditrust Cos. (NYSE:MT) has sold 78 long-term care facilities and one medical office building for $441 million to a private investment group.Meditrust received $406 million in cash and $35 million in subordinated debt due ...

March 28, 2001 COSTA MESA, Calif. - ARV Assisted Living Inc. (NYSE:SRS) and Nationwide Health Properties Inc. will modify and extend leases for 16 assisted living communities.The parties entered into two master lease agreements, each governing eight communities. The agreements ...

March 23, 2001 PORTLAND, Ore. – Assisted Living Concepts Inc. (AMEX:ALF) has hired Jefferies & Co. Inc. as a financial adviser.Jefferies will explore restructuring the company's obligations to both its convertible debenture holders and the tenants of certain under-performing leases.Comments? ...

March 22, 2001 SAN DIEGO - Lend Lease Real Estate Investments Inc. has purchased The Patrician, a 139-unit, Class-A senior residence from the Dermot Company for an undisclosed amount.The 125,000-square-foot property, located in the University Town Center section, was purchased ...