Aegis Living is known for many things, including the Hollywood-approved story of its founder. Now, Aegis is also hoping to be known for its state-of-the-art working environment. The senior housing provider recently moved its headquarters from Redmond, Washington, to a larger, more thoughtfully designed space in Bellevue, Washington. There were many reasons behind the change […]
LTC Properties (NYSE: LTC) is slamming the brakes on its future development plans with Anthem Memory Care after the Lake Oswego, Oregon-based provider failed to raise a certain amount of equity and pay its quarterly rent in full. The California-based real estate investment trust (REIT) issued a monitory default notice on its master lease with […]
Happy Monday, Senior Housing News readers! Did you have an especially busy weekend? One where you didn’t even leave your house? No matter how you spent the past two days, we’re here to fill you in on of all of last week’s senior housing industry news. Also, be sure to check out the “Also in […]
Brookdale Senior Living (NYSE: BKD) is still feeling the heat from new competition—but its outlook isn’t all bad. The Brentwood, Tennessee-based senior living provider held its second-quarter 2017 earnings call the day after a report surfaced that its potential acquisition by Beijing-based real estate and leisure firm Zhonghong Zhuoye Group Co Ltd had been put […]
The nation’s largest senior housing provider has certainly seen better days, though it is assuring stakeholders that its latest quarterly performance remains “generally in line with the industry.” Brookdale Senior Living’s (NYSE: BKD) second-quarter 2017 operating income for its consolidated senior housing portfolio dropped nearly 19% from a year ago to $278.6 million, according to earnings results […]
The acquisition of Brookdale Senior Living (NYSE: BKD) by Beijing-based real estate and leisure firm Zhonghong Zhuoye Group Co Ltd has reportedly stalled, according to the Financial Times. The deal could fetch as much as $4 billion for the Brentwood, Tennessee-based senior living provider, although analysts have long speculated on the total value of the company’s […]
Like other companies in the senior housing space, New Senior Investment Group (NYSE: SNR) experienced bumps in the road related to occupancy, new supply and heightened competition last quarter. Some of the challenges faced by the New York-based real estate investment trust (REIT)—especially where occupancy is concerned—can be traced back to management changes made by its […]
Health care real estate investment trust (REIT) HCP Inc. (NYSE: HCP) was weighed down last quarter by trouble and confusion at the nation’s largest senior living provider. In response, the Irvine, California-based company intends to continue reducing its exposure to Brookdale Senior Living (NYSE: BKD)—and the fate of the provider remains very much in the air. […]
An activist shareholder is doubling down on its opposition to the proposed $7.4 billion merger of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP)—this time arguing that, rather than purchasing CCP, Sabra should actually consider putting itself up for sale to maximize shareholder value. Though Sabra is deeming the CCP merger […]
Senior housing may have been the highlight of Welltower Inc.’s (NYSE: HCN) latest quarterly performance, but the company is still trying to offset lower occupancy with higher rates. The Toledo, Ohio-based health care real estate investment trust (REIT) enjoyed a “really solid quarter” with “very strong performance across the board,” analysts noted during the company’s second-quarter 2017 earnings call on Friday. […]
