PHILADELPHIA: Sumitomo Mitsui Banking Corp. is continuing to buy up senior housing properties.
Sumitomo Mitsui is in talks with operators of homes for the elderly after it established a company last October that will purchase properties, said Nobuaki Oishi, senior vice president of financial solutions at the bank.
The bank declined to name the parties involved, saying the talks are private. Sumitomo Mitsui, along with other investors, is a listed REIT with $166.4 million in assets, Oishi said…