property type: Assisted Living/Health Care

October 12, 1999HARRISBURG, Pa. (AP) –Canadian commercial real estate developer Paul Reichmann has bailed out Balanced Care Corp. with a $21 million infusion. An initial investment, of $4.1 million, will be made through the purchase of convertible preferred stock by ...

October 6, 1999OXNARD, Calif. – LTC Properties Inc. (NYSE:LTC) has restructured its relationship with Sun Healthcare Group Inc. by buying out the interests in six health-care facilities that were leased to Sun.The restructuring will result in a 4 cents/share reduction ...

September 29, 1999 Real estate investment trust National Health Realty (AMEX: NHR) has filed a Form S3/A with the SEC.

August 18, 1999 SAN DIEGO – Tri-National Development Corp. (OTC:TNAV) said its Alpine Gardens East Inc. subsidiary bought an option to acquire a 22-acre parcel of land in Temecula, Calif., on which it plans to develop a senior community.The development ...

August 18, 1999 CHICAGO – A joint venture between Strategic Hotel Capital Inc. and an affiliate of the Government of Singapore has made its first purchase: The Hotel Inter-Continental Praha in the Czech Republic.Strategic did not disclose a purchase price. ...

Citing unfavorable market conditions, HRPT Properties Trust said it has abandoned a plan to sell its senior housing assets through an initial public offering.

August 2, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE: ETT) has named D. Lee McCreary, Jr., the REIT's chief financial officer, to the additional posts of president and chief executive officer. McCreary replaces Edward B. Romanov, Jr., who resigned as ...

August 2, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE: ETT) said funds from operations for the second-quarter ended June 30 were $3.5 million or 45 cents/share compared to $3.4 million or 43 cents/share the same period last year.The REIT reported ...

July 27, 1999 NASHVILLE, Tenn. – Healthcare Realty Trust Inc. (NYSE: HRT) increased its quarterly dividend to 54 cents/share, up from 53.5 cents/share the last quarter.The dividend is payable Aug. 16 to shareholders of record Aug. 6.The REIT also declared ...

July 23, 1999OXNARD, Calif.– LTC Properties Inc. (NYSE:LTC) reported second-quarter funds from operations of $12.5 million, or 44 cents per share, on a diluted basis. That compared with $11.9 million or 43 cents/share the year before.Net income was $9.1 million ...