Jones Lang LaSalle


Deal creates healthcare real estate giant

Healthcare Property Investors, a real estate investment trust, purchased CNL Retirement Properties in a blockbuster deal valued at $3.6 billion. The Wall Street Journal reports that the deal creates an "industry behemoth" controlling the nation's largest portfolio of medical real estate, including healthcare facilities, nursing homes and medical office buildings. The reasoning behind the deal? While some of the interest is no doubt due to the popularity of medical real estate, it's more about the attractiveness of long-term housing for seniors, a sector analysts are convinced will heat up as baby boomers enter their golden years.