REITs Buy Up Senior Housing As Private Firms Divest

Law360, New York (December 19, 2011, 7:59 PM EST) -- Private equity firms eager to unload investments made years ago in senior housing facilities are finding willing buyers in real estate investment trusts, whose strong balance sheets and bullish market expectations are helping to drive one of the biggest booms in the sector’s history.

More than $26 billion in retirement communities, assisted-living facilities and nursing homes have traded hands so far this year, a nearly fourfold increase from the same time period last year, according to Real Capital Analytics, which tracks real estate investments.

Of the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.