Colony Confirms Intention to Sell $3.3B Senior Housing, Health Care Portfolio This Year

Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]

Brookdale Hits Occupancy Inflection Point, Sees ‘Everything You Can Imagine’ from Competitors

Brookdale Senior Living (NYSE: BKD) made forward progress on its occupancy rate in the first quarter of 2021, and CEO Cindy Baier is hopeful that the pandemic is waning. But, she also described a highly competitive environment and anticipates pricing pressure in the months ahead. That optimism is buoyed by the fact that the Brentwood, […]

Five Star Aims for Diversification of Service Lines, Owner Partners After Repositioning

Five Star Senior Living (Nasdaq: FVE) is making progress on its recently announced repositioning effort, and intends to “evolve” and “diversify” as part of a three-pronged strategy, CEO Katie Potter said Thursday. That diversification could involve managing communities for a wider range of ownership groups, as well as broadening the scope of business beyond senior […]

Healthpeak Eyes CCRC Expansion, Last $400M in Senior Housing Sales Imminent

With its exit from rental senior housing near completion, Healthpeak Properties (NYSE: PEAK) is turning its attention to driving growth and value through its three primary real estate segments: life sciences, medical office buildings, and continuing care retirement communities (CCRCs). Healthpeak’s CCRCs reported improved operations, expense controls and occupancy gains in the first quarter of […]

Omega CEO: We See Distressed Assisted Living Assets But Not ‘Distressed Pricing’

Omega Healthcare Investors (NYSE: OHI) CEO Taylor Pickett has seen some distressed assisted living communities on the market — but not at prices indicative of their condition. “On the assisted living side, we’ve made an effort to look for potentially distressed prospects, and quite frankly, those have not panned out,” Pickett said during the company’s […]

Senior Housing Value-Add Opportunities May Total $5B, Could Grow

One year ago, senior housing mergers and acquisitions activity came to a screeching halt as a result of Covid-19. But there are signs that the M&A landscape will experience a strong rebound in 2021, and the rebound will be spearheaded by a wide range of buyers seeking value-add opportunities as well as stabilized assets. Mergers […]

Welltower CEO: Path to Recovery Includes $480M Embedded NOI Growth, Lifestyle-Driven Consumers Returning

Welltower (NYSE: WELL) CEO Shankh Mitra believes there are some “green shoots” emerging in the company’s U.S.- and U.K.-based senior housing portfolios — but he is also wary of predicting a timeline for pandemic recovery. Still, the real estate investment trust (REIT) released a “Path to Recovery” that identifies $480 million in embedded NOI growth, […]