Equity real estate investment trust, Health Care REIT Inc. (HCN: News ) said that it has signed an agreement with an affiliate of Arcapita Inc. to acquire its 90% interest in a venture owning 29 senior housing properties managed by Sunrise Senior Living Inc. (SRZ) for approximately $643.5 million excluding transaction costs on Tuesday. The transaction is worth approximately $643.5 million excluding transaction costs. The deal would be financed by a combination of cash, plus a 90% interest in the $309 million of existing debt held by the venture.

Health Care expects to close the transaction in the fourth quarter of 2008 and was not included in the company’s previously announced investment or earnings guidance. However, the deal is not expected to impact the company’s previously issued 2008 earnings guidance. The company expects to adjust 2008 investment guidance after close of the transaction. The transaction is expected to become slightly accretive to FFO from breakeven, beginning 2009.

The Toledo, Ohio-based company will pay $365.4 million in cash and bear 90% of $309 million existing non-recourse mortgage debt priced at an average interest rate of 5.2%, held by the venture, subject to final due diligence. McLean, Virginia-based Sunrise Senior Living, a senior housing community operator, will continue to manage the properties apart from retaining a 10% stake in the venture.

Source:rttnews.com

The 10 questions to ask before hiring a home care agency:
1. Is your agency licensed?

2. How long have you been in business?

3. Are your caregivers employees or Independent Contractors?

4. Is your agency insured and bonded?

5. What are you fees forlevels of care?

6. How do you screen your caregivers?

7. How do you match a caregiver with a prospective client?

8. If I’m unhappy with a caregiver will you find a replacement?

9. Will you provide references I can call?

10. How do you manage and monitor your caregivers?

Assisted Living communities throughout the country will celebrate National Assisted Living Week Sept. 7 through 13.

The theme of the week is Filling Life with Love, and it focuses on the role of communities, including residents, family members, volunteers and health care professionals. Numerous activities and events are planned in assisted living communities during this week to honor those who live and work in assisted living communities.