In recent weeks, several healthcare real estate investment trusts have completed investments in a variety of properties.
Meditrust, based in Needham, Mass., says it completed $115 million of investments during the quarter ended March 31. The total reflects investments in assisted-living facilities, nursing homes, medical office buildings and a retirement-living facility.
Omega Healthcare Investors, Ann Arbor, Mich., purchased 11 nursing homes in Alabama, Florida, Illinois, Louisiana and Texas for $52.5 million. The owners sold and leased back the properties for rent payments totaling $5.7 million annually. Omega also purchased a facility from Sun Healthcare Group for $5.9 million and leased it back to the company. Omega officials say its first-quarter 1997 investments exceeded $75 million.
Meanwhile, Birmingham, Ala.-based Capstone Capital Corp. last month announced $31.8 million in new investments and commitments. So far this year, the REIT has invested or agreed to invest $102 million in healthcare properties.