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 […]
Holiday Retirement
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 […]
Those who believe senior housing needs more high-quality operators might welcome a new entrant helmed by a former executive with industry giant Brookdale, backed by an investment firm with bona fides in the sector. Nashville-based Vitality Senior Living currently is pursuing new development in several markets in the Midwest, Northeast, and Southeast, and expects to […]
About two months after a new CEO arrived at Holiday Retirement, the independent living giant is going through further changes in its leadership. Scott Shanaberger is transitioning from chief financial officer to chief operating officer, the Lake Oswego, Oregon-based provider announced Wednesday. Tyler Nelson, previously senior vice president of finance, is stepping into the CFO […]
Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern to other Five Star shareholders regarding this issue. Senior Star […]
Senior living companies appear to be in a race to outdo each other on the high-end, creating ever more luxurious and extravagant buildings and services. Beauty salons have given way to full-blown spas; dining rooms now include wood-fired pizza ovens and computerized wine bars, with food prepared by celebrity chefs; and rather than movie nights […]
The baby boomers are coming to senior living—worries and misconceptions in tow. Before moving in themselves, boomers will consider senior living for their parents, and newly released survey findings may help providers quell their fears. For example: Even though 37% of baby boomers consider themselves highly or somewhat likely to move their aging loved ones into […]
Now that 2016 is in full swing, Senior Housing News collected predictions for the year ahead from some of the top executives in senior housing. Readers also were interested in Holiday Retirement’s refinancing in the amount of $1.27 billion, as well as how more providers are refurbishing existing independent living products to maintain a competitive […]
The time may be ripe for more “mega” refinancing transactions in the senior housing industry as borrowers with large portfolios consider their options in the current, relatively stable market. That’s according to Walker & Dunlop Vice President Russell Dey. Along with Vice President Laura Beaton, Dey headed the team that originated Holiday Retirement’s $1.27 billion refinancing […]
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