As investors have continued to debate the risks associated with skilled nursing operations, the latest quarterly data paints a mixed picture. Occupancy increased through the first two months of 2016, but the impact of tightening managed care rates continued to be felt by providers. Occupancy reached 83.4% as of the end of March, having risen […]
HCP
It’s been a spicy news week, dominated by two organizations: HCP Inc. and Argentum. HCP has been the laggard among the “Big 3” senior housing real estate investment trusts in recent years, seeing its share price drop below its peers as it has confronted a number of issues. With the news this week that it […]
In terms of leadership, HCP Inc. (NYSE: HCP) is returning to what it knows. The Irvine, California-based real estate investment trust (REIT) has re-hired Tom Herzog to serve as the company’s executive vice president and chief financial officer, effective June 27. Herzog previously served as HCP’s CFO from 2009 to 2011. “We are thrilled to welcome […]
By spinning off troubled skilled nursing assets, HCP Inc. (NYSE: HCP) leaders said the company can dedicate more time and attention to its senior housing business—and the major real estate investment trust is wasting no time in making moves on this front. Specifically, the Irvine, California-based company has brought on board the former CEO of the nation’s […]
HCP Inc. (NYSE: HCP) will be spinning off its portfolio of skilled nursing properties operated by troubled tenant HCR ManorCare into an independent, publicly-traded real estate investment trust (REIT), to be helmed by former Sunrise Senior Living CEO Mark Ordan, the company has announced. “We believe this transaction gives HCP the ability to re-confirm itself […]
Ongoing troubles for HCP Inc. (NYSE: HCP) may have reached a critical level, making the major owner of senior housing real estate a prime takeout target—with rival Ventas Inc. (NYSE: VTR) perhaps being the most likely buyer. At least, that’s a scenario some analysts are presenting as a possible outcome for the Big Three REIT. […]
Construction: Planned Autumn Senior Living, Lindell Investments Plan $24 Million Community in Fla. Gulf Coast assisted living developer Autumn Senior Living and Lindell Investments, a Tampa-based real estate developer, have finalized plans to begin construction on a new assisted living and memory care campus in the Tampa suburb of Westchase, Florida. Autumn of Westchase is […]
James F. Flaherty III has resigned as vice chairman and board member of NorthStar Healthcare Income, dramatically scaling back his involvement in the real estate investment trust he initially joined as president and CEO two years ago. Flaherty’s resignation was effective immediately as of Feb. 9, according to an 8-K filing. The decision was personal and […]
Long-held fears of oversupply in some senior housing markets may be coming to pass, and one of the largest senior housing real estate investment trusts (REITs) is marshaling its forces to meet the challenge in 2016. Chicago-based Ventas Inc. (NYSE: VTR) on Friday released its quarterly earnings from the final three months of 2015, revealing […]
After a year of record transaction volume across senior living, the “Big Three” senior housing REITs now are taking aim at a different asset class by allocating more resources through very different strategies. With chatter that blockbuster portfolio transactions in senior housing are harder to come by, HCP Inc. (NYSE: HCP), Welltower Inc. (NYSE: HCN) and Ventas […]
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