Control or Passive Investors?

Omega Healthcare Investors (NYSE: OHI) and Providence Administrative Consulting Services (PACS) spoke at the National Investment Center for Seniors Housing & Care (NIC) conference.

Omega is the largest owner of nursing homes in the United States, with a portfolio of about $10 billion worth of real estate, 80% of which is skilled nursing.

PACS operates 177 skilled nursing centers across the country, is among the roughly 60 operators working with Omega. The relationship between PACS and the REIT and operator are working together in four states.

“I have a cost of capital; when I deploy capital, Omega really has to make certain returns. And those are tough conversations a lot of times, and you have to work around it, and look at creative ways to preserve that return for everyone.”

–Vikas Gupta, senior vice president of acquisitions and development at Omega.