Skilled Healthcare Group, Inc. (NYSE: SKH) announced the completion of its special investigation relating to the understatements of its accounts receivable reserves in its financial statements for the periods January 1, 2006 through March 31, 2009. Skilled Healthcare has completed the restatement of its consolidated financial statements for the three years ended December 31, […]

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HCP (NYSE:HCP) announced today that it has filed complaints Sunrise Senior Living, Inc. (NYSE:SRZ) and its subsidiaries (“Sunrise”) based on Sunrise’s defaults under management and related agreements covering 64 HCP-owned properties operated by Sunrise. The complaints, filed in the Delaware Chancery Court on June 29, 2009, allege, among other things, that Sunrise systematically breached […]

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New Sheriff in town at Brookdale?  Not really, the old Sheriff (W.E. Sheriff) had his employment agreement amendend last week as Brookdale Senior Living announced an extension and modification.  The agreement calls for Sheriff to serve as Brookdale’s Chief Executive Officer for the next 5 years.  Mr. Sheriff will continue to be employed as Chief […]

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Equity LifeStyle Properties, Inc. (NYSE: ELS) (the “Company” or “ELS”) announced on Monday that it has commenced an underwritten public offering of 4,000,000 shares of common stock and announced commitments for mortgages on four manufactured home properties. ELS, which is a fully integrated owner and operator of lifestyle-oriented properties,  intends to use the net […]

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HCP (NYSE:HCP) announced that the management agreements on 15 communities operated by Sunrise Senior Living (NYSE:SRZ), Inc. or its subsidiaries (“Sunrise”) have been terminated effective October 1, 2009, for Sunrise’s failure to achieve certain performance thresholds.  HCP expects to transition these facilities to new operators during the second half of 2009, reducing the Sunrise-managed […]

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Sunrise Senior Living Inc. (“Sunrise”) (NYSE:SRZ) released an 8-K on Thursday that stated it and and its wholly owned subsidiary, Trinity (collectively, the “Sunrise Parties”) had entered entered into a Settlement Agreement (the “Agreement”) with the former majority stockholders of Trinity Hospice, Inc. (“Trinity”) (collectively, the “Selling Parties”), which, among other matters, provides for the […]

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Sun Healthcare Group, Inc. ("Sun") (NasdaqGS:SUNH) is participating and presenting at the Jefferies Healthcare Conference this week and released a copy of its presentation for the general public.  The presentation gives investors an overview of its current business operations and presents some financial information from its first quarter 2009 operations.  The company reports that […]

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Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that the Skilled Healthcare Group expects to restate its consolidated financial statements for the quarterly and annual periods from January 1, 2006 through March 31, 2009. As a result, the Audit Committee of the Board of Directors today has concluded that investors should no longer rely on […]

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On June 1, 2009, Nationwide Health Properties, Inc. (the “Company”) entered into an amendment to the Contribution Agreement (the “Amendment”) between NHP and Pacific Medical Buildings LLC, (“Pac Med”), and certain of its affiliates, that provides NHP/PMB with a right of first offer with respect to four of the six properties that were eliminated from […]

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Brookdale Senior Living (the Company) disclosed earlier this week in conjunction with its secondary public offering that the company entered into the First Amendment to the Second Amended and Restated Credit Agreement (the “First Amendment”), where the maximum revolving loans that can be outstanding at any time under the Second Amended and Restated Credit Agreement […]

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Brookdale Senior Living Inc. (NYSE: BKD) announced today that it plans to raise $150 million in a public offering of its common stock. Brookdale intends to use the net proceeds from the offering to repay the $125 million of indebtedness that is currently outstanding under its credit agreement, and the remainder for working capital and […]

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Australian based real estate investor, the GPT Group, is feeling the effects of the strain of the global housing & credit market when it showed a $3 billion dollar loss for 2008.  This is a different take from when GPT acquired and interest in Benchmark Assisted Living and a portfolio of New England assisted […]

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