December 13, 2000 NASHVILLE, Tenn. – Balanced Care Corp (AMEX:BAL) will not default on its leases with Healthcare Realty Trust Inc. (NYSE:HR). As part of its restructuring plan, Balanced Care will only pay rent, in full, to five of its ...
December 11, 2000 NEWPORT BEACH, Calif. – Nationwide Health Properties Inc. (NYSE:NHP) will only receive part of December's rent from Balanced Care Corp. (Amex: BAL), one of its major tenants.A meeting is scheduled for Wednesday, Dec. 13, to determine the ...
December 8, 2000 KENNETT SQUARE, Pa. – The New York Stock Exchange has agreed to keep ElderTrust (NYSE:ETT) a listed stock and monitor the equity healthcare REIT's performance through Jan. 11, one week after the company has a U.S. Bankruptcy ...
November 13, 2000 VANCOUVER – Amica Mature Lifestyles Inc. (TSE:ACC) has sold one of its senior housing complexes and is looking for joint venture partners to invest in the other properties it owns.An unidentified local apartment owner has bought the ...
November 6, 2000Fitch downgraded classes of LTC 1996-1 primarily because of the continued deterioration in the performance of the underlying properties and uncertainty regarding their future performance.A story on Nov. 3, "Fitch Downgrades LTC 1996-1 Because of Healthcare Industry Bankruptcies," ...
October 20, 2000 An investment group led by Richard Abrons has taken a 9.5 percent stake in health care REIT G&L Realty Corp. (NYSE:GLR).The group bought 222,196 shares in the Beverly Hills, Calif., company, according to a Schedule 13G filed ...
October 18, 2000 NEW YORK – Standard & Poor's has lowered its ratings on two classes of LTC Commercial Mortgage's 1996-1 and removed them from CreditWatch, where they were placed on March 2.Class E was lowered to double-B-minus from single-B-plus ...
October 5, 2000 NEW YORK – Ventas Inc. (NYSE: VTR) has objected to the reorganization plan filed by its main tenant, hospital and nursing home operator Vencor Inc. (OTCBB:VCRIQ).Vencor, the country's largest provider of long-term health care, had proposed paying ...
September 11, 2000 (NewsTraders.com) – Avatar Holdings (Nasdaq:AVTR) has acquired a 5.1 percent ownership stake in Del Webb Corp. (NYSE:WBB), a fellow real estate developer that Avatar believes is undervalued.Avatar, of Coral Gables, Fla., said in the filing that it ...
September 6, 2000 NEWPORT BEACH, Calif. – Health Care Property Investors Inc. (NYSE: HCP), an equity health care REIT, has completed a secured debt transaction of $83 million on a portfolio of 12 medical office buildings and physician clinics.The proceeds ...
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