HCP, Brookdale Hammer Out Changes to Master Lease

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 […]

Senior Housing Shares Rally After Trump Win, REITs Take Hit

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 […]

Why Kindred Bailed on the Skilled Nursing ‘Ultra-Marathon’

The decision by Kindred Healthcare (NYSE: KND) to get out of the skilled nursing facility sector might seem like a drastic move to free the company from a major drag on its financial performance. But that’s not the story that executives at Kindred and Ventas Inc. (NYSE: VTR), one of Kindred’s major landlords, were telling […]

Kindred to Cease Owning, Operating Skilled Nursing Facilities

A one-time giant among skilled nursing facility (SNF) operators has decided to entirely exit that business. After years of pruning its SNF portfolio, Kindred Healthcare (NYSE: KND) will be getting out for good, the Louisville-based company announced Monday. The move is meant to achieve stronger cash flow and higher margins while reducing the capital needs for […]

Under Pressure, REITs Back Off Skilled Nursing

Payment reforms have made their sting across the health care industry, with the skilled nursing market taking a hit. And some of the senior housing industry’s biggest real estate owners of skilled nursing properties have started reducing their portfolio exposure in the asset class as a result. Despite the shift in the attractiveness of skilled […]

Blackstone Creates $5 Billion REIT with Senior Housing Prospects

Global real estate giant Blackstone Real Estate has filed to create a $5 billion non-traded real estate investment trust (REIT) that will primarily invest in income-oriented real estate, potentially including senior living. The new REIT will be called Blackstone Real Estate Income Trust, Inc. and will be externally managed by its adviser BX REIT Advisors LLC, […]

[UPDATE] Sabra Plans to Sell 29 Genesis Properties

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 […]