NREI_SENIORS HOUSING_ Penton Media April 27, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/689 SENIORS NEWS --Spin-Offs Are Latest Chapter in Sunrise Saga By Jane Adler As Sunrise Senior Living restructures in an effort to stave off bankruptcy, the company has spawned spin-offs seeking to capitalize on new opportunities. Several former Sunrise executives have formed Davos Development Senior Living Group to build new seniors housing projects. Meanwhile, Greystone Communities, which had been owned by Sunrise, was bought back by current Greystone executives in a deal that included some seller financing. To view the full article go to: http://nreionline.com/seniorshousing/sunrise_sells_assets_finanial_woes_0427/ --Trilogy Boosts Nursing and Assisted Care Holdings with $34.5 Million Purchase By Jane Adler The struggling economy hasn't stopped expansion plans at Trilogy Health Services, which continues to beef up its portfolio of Midwest properties. The Louisville-based owner and operator of assisted and nursing care campuses recently purchased six projects for $34.5 million from the Franciscan Sisters of Chicago Service Corp. Trilogy also has new projects under way in Indiana, and Ohio. "We had an outstanding first quarter," says Randy Bufford, president and CEO at privately owned Trilogy. Occupancies at Trilogy's projects are running just above 90%, he adds. To view the full article go to: http://nreionline.com/seniorshousing/trilogy_boosts_nursing_assisted_care_0427/ ROUNDUP --Ventas Closes $35 Million Sale of Samaritan Hospital Staff report Ventas Inc. recently closed on the sale of Samaritan acute care hospital to affiliates of the University of Kentucky for $35 million in an all-cash transaction. The property is located in Lexington, Ky. and is currently operated by the University of Kentucky. The purchase price represents a 6.8% capitalization rate on cash rent under a lease between the University of Kentucky and Ventas. The sale includes a 50,000 sq. ft. medical office building that was also subject to the lease, which will terminate in connection with the sale. Ventas expects to record a gain of approximately $18 million on the sale. To view the full article go to: http://nreionline.com/seniorshousing/ventas_closes_love_funding_0427/ Advertisement ---------------------------------------- Principle Valuation specializes in the seniors housing industry. Our team has completed valuations, market studies, and other services for thousands of communities, assisting our clients with acquisitions, insurance, litigation, and conventional or FHA 232 financing. Contact us for your seniors housing valuation needs including the new 232 Lean Program. http://www.principlevaluation.com/ ---------------------------------------- Featured Research ---------------------------------------- *Top 25 Brokerages 2009 (http://nreionline.com/research/nrei-top-25-brokerages-0401/) *Seniors Housing Research (http://nreionline.com/seniorshousing/research-offer/index.html) *Distressed Real Estate (http://nreionline.com/distressedinventory/) *2009 Real Estate Investment Outlook (http://nreionline.com/research/2009_real_estate_investment_outlook/) ---------------------------------------- Advertisement ---------------------------------------- Despite difficult market conditions, Jason Stroiman of Senior Living Investment Brokerage Completes $34,200,000 Portfolio Transaction. 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Membership includes our monthly Seniors Housing e-Newsletter, upcoming Seniors Housing Webinar, and a copy of our exclusive Seniors Housing Research Survey report. Learn more at https://event.on24.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=142753&sessionid=1&key=BDC5CB42A164467C35CB0A828EB0A819&partnerref=nrei&sourcepage=register ---------------------------------------- ABOUT THIS NEWSLETTER You are subscribed to this newsletter as #email# To subscribe to this newsletter go to: http://subscribe.nreionline.com/?tc=NLSUB To unsubscribe from this newsletter go to: http://subscribe.nreionline.com/?tc=NLSUB&cid=#message_id#&lid=#list_id#&email=#email# For information on advertising in this newsletter, please contact Marianne Rivera at 312-840-8466 or by email at mailto:marianne.rivera@penton.com. 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