NorthStar Realty Finance Corp said it would purchase Griffin-American Healthcare REIT II Inc for $3.35 billion as it looks to take advantage of rising demand for senior care facilities in a consolidating healthcare real estate sector.The real estate finance company's shares rose as much as 8 percent in afternoon trading.The healthcare real estate sector has witnessed a number of deals this year as companies jostle for a share of the growing senior care market.Ventas Inc, one of the largest U.S. healthcare real estate investment trusts (REITs), said in June that it would buy American Realty Capital Healthcare Trust Inc for about $2.6 billion.
NorthStar Realty Finance Corp. is an internally managed real estate finance company. Shares of NRF traded higher by 6.72% or $1.085/share to $17.22. In the past year, the shares have traded as low as $8.34 and as high as $17.60. On average, 6801430 shares of NRF exchange hands on a given day and today's volume is recorded at 11307808.
Source
