Long-standing fears of oversupply are coming to a head for some of the nation’s largest senior living providers, raising questions about which markets and types of properties are most affected. Those impacted by new competitors are facing occupancy and pricing pressures, with some senior living providers discounting their rates in an effort to keep occupancy […]
After engaging in a “complex and multifaceted journey” to recovery, one of the biggest health care real estate investment trusts (REITs) has reached a turning point with its recent accomplishments and is ready to move forward. HCP Inc. (NYSE: HCP) completed its spinoff of Quality Care Properties (NYSE: QCP)— its skilled nursing assets with troubled tenant […]
CBRE Capital Markets Arranges $77.3 Million Sale, $50.5 Million Senior Housing Financing CBRE Capital Markets’ National Senior Housing team arranged the sale of two senior housing communities in Georgia to an affiliate of Arcapita Investment Management US for $77.25 million, or $327,330 per unit. The properties include the 146-unit Arbor Terrace Peachtree City located in […]
The skilled nursing spin-off of real estate investment trust HCP Inc. (NYSE: HCP) officially has been completed and is set to begin regular trading on Nov. 1. While early trading will send some signals about what investors think of the spin-off, the success for Irvine, California-based HCP and its new entity, Quality Care Properties (QCP), will be determined […]
Real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) had a good third quarter of 2016—a really good quarter—after entering uncharted territory in health care sectors. Hot on its earnings streak, the Chicago-based health care REIT has upped its outlook to close out the year after beating earnings expectations by analysts. Ventas made some big […]
Genworth To Be Acquired for $2.7 Billion Genworth Financial (NYSE: GNW) has entered into an agreement to be acquired by a China-based investment company, China Oceanwide Holdings Group Co., for $2.7 billion. China Oceanwide has agreed to buy Genworth for $5.43 per share in cash. Genworth is a Fortune 500 company and a major provider […]
Senior housing has really been able to stand on its own two feet as a significant real estate class as of late, with more investors from outside the industry hopping on board. Seniors housing was the most attractive asset class for the second year in a row when compared to other commercial real estate sectors, […]
When you think of a Howard Johnson hotel, what comes to mind? Likely not a bustling home to more than 100 seniors. Well, that’s the vision for The Grand at Twin Lakes, a newly opened independent living community in Palatine, Illinois. The building was originally constructed in 1968 and has taken on many forms over […]
Senior living providers know they should keep up with new technology trends, but it’s tough to know what to invest in and how to get more residents engaged with tech. One continuing care retirement community (CCRC) in Atlanta has found an advantage in having tech super-users living among those who are just learning the ropes. […]
A popular immigration program that helps finance senior housing projects was recently extended, but the means of the extension have been called into question—and one group even has filed a lawsuit asking for the program to be declared dead. Meanwhile, some experts on the program are trying to calm the fears of developers relying on it […]
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