Analysts Say Welltower ‘Delivered the Goods’ with $1.6B Holiday/Atria Deal

Welltower’s recent transaction to acquire 86 properties for nearly $1.6 billion in conjunction with Atria Senior Living’s acquisition of Holiday Retirement was at the right price and the right time. That’s according to several analysts who weighed in on the Toledo, Ohio-based company’s plan to acquire the portfolio of 80 nearly identical independent living communities […]

Welltower Senior Housing Occupancy Falls to 75.3% Amid Pandemic’s Winter Resurgence

Numbers from real estate investment trust Welltower (NYSE: WELL) provide the latest evidence that high Covid-19 infection rates across the country are taking a toll on senior housing communities. Occupancy in the REIT’s senior housing operating (SHO) portfolio fell 220 basis points in the fourth quarter of 2020, to 76.2%, according to a business update […]

New Welltower CEO Commits to Strategic Direction, His Biggest Concern Eases

Welltower (NYSE: WELL), the nation’s largest owner of senior housing properties, will not be changing its strategic direction under its recently named CEO, Shankh Mitra. “Many of you have asked me if our strategy will change going forward — the answer to that question is an emphatic no,” Mitra said Thursday during the Toledo, Ohio-based […]

Senior Housing Feels the Pain as Stock Markets Plunge

Senior housing owners and operators saw their share prices slide on Monday as the markets plunged, with the Dow Jones industrial index posting its largest-ever intraday decline of nearly 1,600 points. Toldeo, Ohio-based Welltower Inc. (NYSE: HCN) finished the regular trading day down 3.28%, Chicago-based Ventas Inc. (NYSE: VTR) posted a decline of 2.67%, and […]

Ventas Taps New Operator Led by Hsiao for 70-Property Elmcroft Deal

Ventas Inc. (NYSE: VTR) is working out a deal to transition its portfolio of about 70 Elmcroft Senior Living properties into the hands of a new management company started by Kai Hsiao, former CEO of independent living giant Holiday Retirement. Ventas, one of the “big three” real estate investment trusts (REITs) in the senior housing […]

Assisted Living Headwinds Could Make Investors Look Harder at REITs

Senior housing investors soon may become more concerned about the portfolio mix of the largest real estate investment trusts (REITs), as market forces have begun to favor independent living more than assisted living. In particular, investors may become frustrated with the current practice of describing properties as “majority” assisted living or independent living, Green Street […]

Why a Senior Housing ‘Rough Patch’ Will Not Derail RIDEA

Challenges facing the senior housing sector likely will eat into communities’ net operating income, but this may not deter real estate investment trusts (REITs) from continuing to pursue RIDEA transactions. “…There has been an ongoing shift among health care REITs to acquire higher quality properties in operating ownership structures, which has had a profound impact […]

Brookdale Takeout Chatter Focuses on Valuation, Deal Structures

Many questions have been raised by the rumor that Brookdale Senior Living (NYSE: BKD) is negotiating with the Blackstone Group and other potential buyers over a sale of the company. Perhaps foremost among these questions: What is the value of Brookdale’s real estate, and what deal structures appear most likely? The real estate piece is […]

Blackstone Rumored To Be in Takeover Talks with Brookdale

Rumors that private equity giant Blackstone Group is in talks to acquire Brookdale Senior Living (NYSE: BKD) circulated Tuesday afternoon. Shares of the nation’s largest senior living owner and operator surged, ending the trading day up nearly 15%. The talks are at an early stage and involve other suitors in addition to Blackstone, according to […]