Omega CEO: Brookdale Portfolio ‘Well-Equipped’ For Post-Pandemic Growth, Performance

Omega Healthcare Investors (NYSE: OHI) sees long-term upside in its $510 million acquisition of 24 senior housing communities from Healthpeak Properties (NYSE: PEAK), operated by Brookdale Senior Living (NYSE: BKD). The Hunt Valley, Maryland-based health care real estate investment trust (REIT) believes the operator is poised to capitalize on pent-up demand for senior housing as […]

Healthpeak Sells 24-Building Brookdale Portfolio to Omega for $510M

Healthpeak Properties (NYSE: PEAK) continues to make progress on its portfolio realignment strategy. The Denver-based health care real investment trust (REIT) sold 24 senior housing communities to another REIT, Omega Healthcare Investors (NYSE: OHI), on January 20 for $510 million. Hunt Valley, Maryland-based Omega announced the deal in a press release in conjunction with its […]

Best Repositioning of 2020: Space Needle Architect’s CCRC Design Gets $57M Modernization

Nestled in Seattle’s Queen Anne neighborhood is a 10-story continuing care retirement community that, until a couple years ago, was on the brink of obsolescence. Built in 1960, Bayview’s interior and exterior looked extremely dated, compared to newer senior housing communities that opened in recent years. Eventually, the community’s board of directors recognized that a […]

Transactions & Financings: Brookdale Turns Over Operations of 4 Communities; JLL Completes $19M Sale

Brookdale Senior Living (NYSE: BKD) is making progress on its ongoing portfolio optimization initiative. The largest senior housing provider in the U.S. recently exited management arrangements on four communities in California. Dallas-based Pegasus Senior Living assumed management of two communities in suburban Sacramento, which were rebranded as Elk Grove Park, in Elk Grove; and Sterling […]

How Oakmont, Juniper Adapted To Selling Care — And When That Approach Might Change

Covid-19 forced senior living sales and marketing teams to prioritize the health care component of communities, placing a premium on keeping residents safe and providing quality medical care. For some providers, this has been a complete reversal of strategy from prior to the pandemic, when sales and marketing emphasized a luxury, lifestyle-forward product. And teams […]

Resident, Family Member Confidence Grows As Vaccination Occurs in Senior Living

The arrival of coronavirus vaccines is having a positive impact on customer confidence in senior housing. More than 2.7 million doses of Covid-19 vaccines have been administered to residents in nursing homes, assisted living facilities and other senior living settings as of January 26, according to the latest executive survey insights report conducted by the […]

Transactions & Financings: PGIM’s $222M Financing for Aegis; Healthpeak Prices $1.45B in Notes

Earlier this month, Aegis Living and its joint venture partner, Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. The deal was facilitated in part by a $222 million Fannie Mae credit facility arranged by PGIM Real Estate. The 10-year interest-only loan is […]

How Grace Management Took Dining from ‘Just a Line Item’ to a Competitive Differentiator

Overhauling dining programs in senior housing is an intensive process. The circumstances are especially unique for owners and operators building scale through acquisition. Operators taking over operations must contend with space constraints, acclimate existing staff to new procedures and policies, and balance providing the best care possible for seniors with shareholders seeking returns on investment. […]