property type: Assisted Living/Health Care

July 5, 2000 ANN ARBOR, Mich. – Omega Healthcare Investors Inc. (NYSE:OHI) is being sued for breach of contract and anticipatory breach of contract by one of its clients.Bryan Gordon of Incline Village, Nev., and Ronald Dickerman of New York ...

An investment firm put together by Murry Gunty, a former executive with Lazard Freres, has acquired 20 nursing facilities so far this year. The time is ripe for opportunistic investing in the sector.

June 14, 2000 GREENWICH, Conn. – Starwood Capital Group is making a substantial investment in the senior housing sector. The firm, through its Starwood Opportunity Fund V LP is making a $50 million investment in Senior Resource Group, a San ...

June 2, 2000NASHVILLE, Tenn. – American Retirement Corp.(NYSE: ACR), has added Freedom Village at Brandywine in Chester County, Pa., to its portfolio of properties.Freedom Village is a five-story, 800,000-square-foot community located just outside Philadelphia. The 373-unit continuing care retirement community ...

May 2, 2000 Cambridge Realty Capital Cos. has provided $5.8 million of bridge financing for two Kansas assisted living facilities. The financing will allow Royalcrest Living of Hamilton, Ont., to buy the Holiday Estates and Holiday Resorts facilities in Emporia, ...

May 2, 2000 MECHANICSBURG, Pa. – Balanced Care Corp. (Amex:BAL) has agreed to buy 10 special purpose entities that lease Outlook Pointe assisted living facilities from Nationwide Health Properties Inc.The properties were developed and managed by Balanced Care and are ...

May 1, 2000 NEEDHAM, Mass. – CareMatrix Corp. (Nasdaq:CMDCE) and certain affiliates of Chancellor Senior Housing Group Inc. have agreed to sell up to 14 of their assisted living facilities for about $226 million.The purchase price consists of $26 million ...

April 24, 2000 CHICAGO – Prime Group Inc. has agreed to sell 3.9 million shares of Brookdale Living Communities Inc. (Nasdaq:BLCI) to Fortress Investment Fund for a total of $58.8 million, or $15/share.Fortress can buy an additional 87,500 Brookdale shares ...

March 15, 2000 ANN ARBOR, Mich. – Omega Healthcare Investors Inc. (NYSE:OHI) has taken possession of 30 nursing home and assisted-living properties operated by RainTree Healthcare Corp. of Phoenix.At the end of 1999, Omega had $78 million invested in properties ...

March 14, 2000BOCA RATON, Fla. – Grand Court Lifestyles Inc. (NASDAQ:GCLI), an operator of senior living facilities, has failed to pay rent on offices it occupies in Florida and New Jersey and debt payments that were due March 1As a ...