The industrial sector continues to outperform senior housing when it comes to investment returns—but senior housing continue to outpace the broader investment return performance of commercial real estate properties. Specifically, the annual total senior housing return through the first quarter of 2018 was 12.79%, which beat the National Council of Real Estate Investment Fiduciaries (NCREIF) Property […]
Category: Senior Housing
“We need to talk.” Those ominous words are tough to hear in any scenario, but are set to be heard by management, boards of directors, banks and investors when it comes to the bottom-line impact of labor costs creeping higher in senior living. Senior living operators, along with industry groups such as Argentum, NIC, the […]
New Senior Investment Group Inc. (NYSE: SNR) on Friday announced that its board of directors expects to share the outcome of its previously announced strategic review “in the coming months.” The New York City-based real estate investment trust (REIT) first announced the strategic review in February, saying that it was considering an outright sale of the […]
After several quarters of activity, Chinese investors have been uncharacteristically quiet in the U.S. senior housing space for about a year. Specifically, there haven’t been any sizable Chinese investments in U.S. senior housing since the first quarter of 2017, according to an analysis from Real Capital Analytics. The New York City-based provider of capital markets data […]
For years, the senior housing industry has looked up to Chick-fil-A for a variety of reasons—from its discounting approach to its ability to attract and keep frontline staff. One senior living CEO—Richard Brewer of Commonwealth Senior Living—even encouraged his son to get a job at Chick-fil-A, to learn more about the company’s secret sauce. While this gave […]
A Chinese international conglomerate and investment company has joined a small group of shareholders that own a 5% or greater stake in Brookdale Senior Living (NYSE: BKD). Shanghai, China-based Fosun International Limited recently reported a 5.11% stake in the Brentwood, Tennessee-based senior housing giant, joining six other companies—Glenview Capital Management, The Vanguard Group, BlackRock Inc., Senator Investment […]
Despite senior housing industry headwinds, don’t expect real estate investment trusts (REITs) to be taking aggressive steps to cut rents or lower escalators for operators as they have been for skilled nursing tenants. That’s according to Rick Matros, CEO of the Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). Some other REITs are more focused on […]
It’s well known that the topics of senior living and long-term care can be tough to broach with seniors—but a new survey sheds light on exactly how difficult it often is. More than 75% of seniors feel greater comfort planning for their funeral than planning for their final years, according to a survey recently conducted by international […]
Pricing senior housing properties is more of an art than a science—and today’s prospective buyers weigh different components in wide variety of ways. That’s according to a panel of experts who spoke Friday at the National Investment Center for Seniors Housing & Care (NIC) Spring Investment Forum in Dallas. “There’s a wider disparity in the […]
It’s still early in what analysts had predicted would be an “eventful” earnings season for health care real estate investment trusts (REITs), but several telling themes have emerged in the reports released thus far, and they show a industry under duress. Beyond a harsher-than-normal flu season and concerning levels of new supply, health care REITs—and senior housing REITs, […]