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NorthStar, Colony to Merge Creating $17B REIT

NEW YORK AND LOS ANGELES — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger agreement under which the companies will combine in an all-stock merger to create a diversified global equity REIT with a total capitalization of $17 billion.

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Mainstreet Completes $95M Canadian Public Offering, Buys 13 U.S. Communities

CARMEL, Ind. — Mainstreet Health Investments Inc. (TSXV: HLP.U) has completed its public offering of 9.5 million shares of stock, generating $95 million in gross proceeds. The company, formerly known as Kingsway Arms Retirement Residences, changed names when Carmel-based skilled nursing developer Mainstreet purchased the company in April.

NHI Acquires Two CCRCs in Connecticut for $56.3M

BRIDGEPORT and SOUTHBURY, Conn. — National Health Investors Inc. (NYSE: NHI) has acquired two entrance-fee continuing care retirement communities (CCRCs) totaling 460 units in Bridgeport and Southbury for $56.3 million. The two towns are located approximately 25 miles apart in the southwest portion of Connecticut.

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