Orlando-based Sentio Healthcare Properties has agreed to a buy out by Kayne Anderson Real Estate Advisors, the real estate private equity arm of Kayne Anderson Capital Advisors. Kayne Anderson will acquire all of the outstanding shares of Sentio in an all-cash transaction based on an estimated total asset value of $825 million. Sentio is a public, non-listed REIT with a portfolio of 34 properties which includes senior housing communities and medical office buildings in 16 states. “The addition of the Sentio assets further solidifies [our] position as one of the largest owners of healthcare real estate, with a strong composition of assets,” said David Selznick, chief investment officer of Kayne Anderson. “This acquisition represents a compelling opportunity to create value through property renovations, facility expansions and other operational enhancements.”
