Kayne Anderson Buys Sentio Healthcare for $825M
ByKayne Anderson Real Estate Advisors, the real estate private equity arm of Kayne Anderson Capital Advisors LP, has completed its $825 million acquisition of Sentio Healthcare Properties Inc., it was announced by the parties involved, which also included Kohlberg Kravis Roberts & Co. LP and Sentio Healthcare Properties’ external advisor, Sentio Investments LLC.
Sentio Healthcare Properties was a public, non-listed REIT that invested exclusively in health-care real estate. Its holdings included 33 properties in 16 states, mostly on the East Coast, in the Midwest, in Texas and the Southeast. The portfolio focuses primarily on the private-pay senior housing sector, but also comprises skilled nursing facilities, medical office buildings and specialty medical properties…
