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Kayne Anderson Buys Up Healthcare REIT

BOCA RATON, FL—The 34 seniors housing and medical office properties in Sentio's portfolio will enlarge Kayne Anderson Real Estate Advisors' already sizable holdings in the sector.

By Paul Bubny | paulbubny | Updated on May 04, 2017

Exterior of seniors housing facility The Parkway in Blue Springs, MO, near Kansas City, is one of 30 seniors housing communities in Sentio’s portfolio.

BOCA RATON, FL—Kayne Anderson Real Estate Advisors is bolstering its healthcare portfolio with the acquisition of Sentio Healthcare Properties. KAREA will pay $825 million for the KKR-backed, non-listed REIT in an all-cash transaction.

Sentio’s portfolio spans 34 properties in 16 states, including both seniors housing communities and medical office buildings. “The addition of the high-quality Sentio assets further solidifies KAREA’s position as one of the largest owners of healthcare real estate with a strong composition of premier assets,” says David Selznick, KAREA’s CIO. His company’s current holdings in the sector include 34 seniors communities totaling 5,554 units and 8.5 million square feet of MOB space across 30 states.

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