In the August issue of The SeniorCare Investor, we stated that we had heard rumors that Chartwell Seniors Housing REIT may be for sale. Rumors no longer. Today, Chartwell announced that its special committee of the board, assigned to deal with strategic alternatives in light of changes to the federal income taxation of publicly traded income trusts in Canada, has made information available to certain parties, under confidentiality agreements, who are interested in possibly purchasing the REIT or completing some other strategic transaction. There is obviously no assurance that a transaction would occur, but we are sure there will be plenty of interested parties. While now is not a great environment for “real estate,” we may see the number of health care REITs shrink in the next few years.
The Senior Care Market
