On the heels of a reshaping of its senior housing portfolio taking place over the course of the last two years, health care REIT HCP (NYSE: HCP) says it is prepared to ride out the headwinds associated with the transition. Despite being positioned for long-term success, the Irvine, California-based health care REIT said in announcing […]
Category: Finance & Development
Mainstreet has sold the operations of four Rapid Recovery Centers in Texas to a former executive and his newly formed operations company. Mark Fritz — the former executive who helped create the “Rapid Recovery Center” model for the Carmel, Indiana-based senior care developer — is the one who purchased the facilities in Fort Worth, Round […]
Don’t expect another major lease restructuring or an “OpCo/PropCo” split for Brookdale Senior Living (NYSE: BKD) any time soon. Instead, the Brentwood, Tennessee-based company — fresh off a busy year of dispositions, lease restructurings with REIT landlords and discussions with major shareholders — is focused on improving the senior housing portfolio it has today, according […]
Senior living developers might want to pay more attention to McAllen, Texas; Augusta, Georgia; and Virginia Beach, Virginia. That’s because those are the three metro markets where conditions may be ripest for new senior housing development, according to a recent analysis from senior living development consulting firm Plante Moran Living Forward. The ranking was built […]
Despite ongoing senior housing headwinds, executives with Welltower (NYSE: WELL) are encouraged by occupancy increases that occurred in the fourth quarter of 2018. “We’re cautiously optimistic about the recent performance of our senior housing operating portfolio,” Executive Vice President and Chief Investment Officer Shankh Mitra said Tuesday, on an earnings call with analysts and investors. […]
Canyon Ranch, renowned for its wellness-focused resorts and programs, plans to enter the senior living industry. The Fort Worth, Texas-based company — which opened its first destination resort spa in Tucson, Arizona in 1979 — is making headway toward this goal and plans to announce a senior living brand later this year. Canyon Ranch is […]
English Meadows Senior Living is in growth mode and has gotten off to a quick start striking deals in 2019. Last week, the Christianburg, Virginia-based owner-operator acquired Mountainside Senior Living Communities, an affordable assisted living and memory care community in Crozet, Virginia. On Monday, Westlake Village, California-based health care real estate investment trust (REIT) LTC […]
Cushman & Wakefield brokers $48.5 million South Carolina assisted living portfolio sale Cushman & Wakefield Senior Director Paul Carr, Director David Kliewer and Executive Director Allen McMurtry represented Graycliff Capital Senior Housing in the $48.4 million sale of three assisted living and memory care communities in South Carolina’s upstate region. The buyer was Birmingham, Alabama-based […]
When Matt Clifton joined Senior Star in 2012, the company was in the midst of change. The provider was transitioning from a focus on independent living to more diverse care offerings, and it had recently forged a joint venture with real estate investment trust Welltower Inc. (NYSE: WELL), then known as Health Care REIT. In […]
New supply and other industry headwinds put a damper on Ventas’ (NYSE: VTR) senior housing portfolio in the fourth quarter of 2018, but the company sees signs those pressures might start to let up soon. Meanwhile, it’s moving to bulk up other parts of its portfolio, notably with a $1.5 billion life science pipeline. “We […]
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