Omega Healthcare Investors acquired 24 senior living communities from Healthpeak Properties for $510 million on January 20, 2021. The acquisition included the assumption of an in-place master lease with Brookdale Senior Living to operate the facilities. The portfolio consists of assisted living, independent living, and memory care facilities. The facilities have 2,552 units; they are located in Arizona (1), California (1), Florida (1), Illinois (1), New Jersey (1), Oregon (6), Pennsylvania (1), Tennessee (1), Texas (6), Virginia (1), and Washington (4).
Omega Healthcare Investors is a publicly traded real estate investment trust. As of December 31, 2020, its portfolio consisted of approximately 83% skilled nursing facilities and 17% senior housing facilities. Its gross investments totaled approximately $10.3 billion. Omega’s President and Chief Executive Officer Taylor Pickett said Omega believes Brookdale is well-equipped to address the coronavirus disease 2019 (COVID-19) operating environment, and is positioned to prosper as the United States emerges from the pandemic. Brookdale has substantial liquidity to sustain and expand its operations, including home health care and hospice operations. Mr. Pickett said, “We look forward to working with the team and possibly identifying new opportunities where we might partner in the future.”
This was reported by Omega Healthcare Investors on February 4, 2021.
Contact information: Omega Healthcare Investors, Inc., 303 International Circle, Suite 200, Hunt Valley, MD 21030; 410 427-1700; Website: http://www.omegahealthcare.com/contact-us