With the Inspir Carnegie Hill assisted living and memory care community expected to open early next year in Manhattan, Omega Healthcare Investors and Maplewood Senior Living are “actively looking for the next big opportunity” in urban senior living development, Omega CEO Taylor Pickett said Wednesday.
Weeks before a meeting at which a vote on their planned $600 million merger is set to take place, Omega Healthcare Investors and MedEquities Realty Trust are facing four lawsuits that seek to prevent the deal, the real estate investment trusts said Monday in a filing with the Securities and Exchange Commission.
Costs associated with the Manhattan assisted living high-rise being built in conjunction with Maplewood Senior Living have increased $35 million to $285 million in part due to the purchase of air rights that will result in a larger building, Omega Healthcare Investors says.
Senior living still represents a small part of the Omega Healthcare Investors portfolio but is growing in importance, company executives told shareholders and analysts participating in a first-quarter 2018 earnings call on Tuesday.
Omega Healthcare Investors counts among its strengths one of its senior living partners, CEO Taylor Pickett told those participating in an earnings call on Wednesday. But the REIT’s portfolio continues to be dominated by skilled nursing.
The National Investment Center for Seniors Housing & Care has launched a new initiative to track and report aggregated data on seniors housing actual rents using a standard file format with standard field definitions.