The stock market up-and-down continued for Brookdale Senior Living (NYSE: BKD) Tuesday, as the nation’s largest senior provider saw its share price drop in the hours after its third-quarter earnings call. Last week, the Brentwood, Tennessee-based company’s share values jumped on news that the company is pursuing a multi-faceted series of transactions with its longtime landlord, HCP Inc. (NYSE: […]
Brookdale Senior Living (NYSE: BKD) is seeing decreased revenue after shedding 136 senior living properties in the past year, but the nation’s largest senior living provider is pointing to improved performance on some key operations metrics. The Brentwood, Tennessee-based company reported a GAAP net loss of $413.9 million for the third quarter of 2017, compared to a […]
Brookdale Senior Living’s (NYSE: BKD) share price increased about 7.6% Thursday, following news that the company is pursuing a multi-faceted series of transactions with its longtime landlord, HCP Inc. (NYSE: HCP). Brookdale’s shares rose as high as $11.05 as of mid-day before settling at $10.59 by the time the markets closed. HCP investors also were behind the move, as […]
In a complex series of transactions, HCP Inc. (NYSE: HCP) is moving aggressively to reduce its exposure to Brookdale Senior Living (NYSE: BKD) and restructure its portfolio. The deals are expected to reduce HCP’s Brookdale concentration from about 27% of cash NOI and interest income to about 15.7%, improve lease coverage, and diversify tenant mix for the Irvine, California-based real […]
Talks for a rumored acquisition of Brookdale Senior Living (NYSE: BKD) with a Chinese bidder are over, according to Bloomberg. Zhonghong Zhuoye Group Co Ltd, a Beijing-based real estate and leisure firm, was, at one time, prepared to buy Brookdale for $20 per share, but the deal stalled, and has now finally faltered. Negotiations ended without a […]
Stamford, Connecticut-based Land & Buildings Investment Management LLC is once again pressuring the nation’s largest senior housing provider to act—this time, it says, in the interest of increased transparency. Specifically, the activist shareholder on Monday urged Brookdale Senior Living (NYSE: BKD) to provide more visibility into its ongoing strategic review process, especially “given the duration of […]
Brookdale Senior Living’s (NYSE: BKD) Chief Operating Officer Labeed S. Diab is set to resign on October 28, the company announced Monday. Diab, who joined Brookdale from Walmart (NYSE: WMT) as part of a larger C-suite shakeup in November 2015, informed Brookdale that he will now be pursing a different opportunity. The company did not […]
From the Front Lines is a new Q&A series from Senior Housing News. Our aim is to get out of the C-suite from time to time to focus on some of the interesting and dynamic people who work at the forefront of the senior living industry. Have a colleague who does something cool and works in a senior […]
Construction: Planned Solera to Open Assisted Living and Memory Care Development in Denver Solera Senior Living plans to open a 95-apartment assisted living and memory care community in Denver. A joint venture between affiliates of Solera Senior Living and Banner Real Estate Group closed on the acquisition of a 2.3-acre parcel of land with plans to […]
The struggles of industry giant Brookdale Senior Living (NYSE: BKD) have raised questions about how big is too big. While they recognize that there are lessons to be learned from Brookdale’s post-merger troubles, some industry leaders still believe that large-scale operations are feasible, if companies can figure out smarter ways to grow. After its 2014 merger with […]
