HCP Inc. (NYSE: HCP) has taken another step in its ongoing efforts to reduce the number of Brookdale Senior Living (NYSE: BKD) properties in its portfolio. Three new amendments to its master triple-net lease with Brookdale will enable HCP to move forward with previously announced plans to terminate leases on 25 Brookdale communities and sell […]
HCP
After a tumultuous year for some of the biggest real estate owners and operators in skilled nursing, many are looking at the future of the space with one foot out the door. Punishing skilled nursing headwinds are creating a “deteriorating industry,” with few attractive prospects for the largest companies for at least five years, according […]
Having named both a new CEO and president this week, major senior housing owner HCP Inc. (NYSE: HCP) will be moving forward by pursuing a three-part strategy and a new approach to acquisitions. The appointment of Tom Herzog as CEO and Justin Hutchens as president capped off a recent period of intense activity for the […]
After a long evening of counting votes on Tuesday, Donald Trump was declared as the next President of the United States. The impacts of a Trump presidency will soon be known, but Tuesday night fears swirled around a potential market collapse as Trump’s imminent victory created a sharp initial downturn. By Wednesday morning however, the outlook is […]
After a week in which senior living providers intensified fears of oversupply, real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) is not concerned. With increasing pressures on operators, though, NHI indicated it wouldn’t be surprised to see lower rent escalators across the industry. Despite the nation’s largest senior living provider, Brookdale Senior Living […]
Here in Chicago, we continue to rejoice over the Cubs’ World Series victory (!) Wednesday night. But it’s also been quite an exciting week in the world of senior housing. HCP announced it will sell a Brookdale portfolio for over a billion dollars, Welltower is disposing of $4.1 billion in assets by year’s end … […]
HCP Inc. (NYSE: HCP) is selling a portfolio of 64 properties leased to Brookdale Senior Living (NYSE: BKD) to affiliates of Blackstone Real Estate Partners VIII L.P. and Columbia Pacific Advisors for $1.125 billion. This was the headline deal among several transactions announced Tuesday by Irvine, California-based real estate investment trust (REIT) HCP and its […]
Genesis Healthcare (NYSE: GEN) has become the latest major post-acute care provider to strike a settlement with federal authorities to resolve allegations of improper billing practices, this time to the tune of $52.7 million. Kennett Square, Pennsylvania-based Genesis has been under four separate DOJ investigations, all of which will come to an end through the […]
Sabra Health Care REIT (Nasdaq: SBRA) is joining the ranks of real estate investment trusts that are taking significant steps to limit their exposure to skilled nursing. Sabra and its major skilled nursing tenant, Genesis HealthCare Inc. (NYSE: GEN), have reached an agreement to market up to 29 leased buildings for sale, the REIT announced […]
Markets around the world were reeling Friday on the news that the United Kingdom intends to leave the European Union, raising major questions about impacts to global business—including senior housing. The potential good news is that senior housing as an industry might be essentially unscathed by any large-scale economic disruption following the so-called “Brexit,” experts […]
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