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 […]
Category: Finance & Development
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 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 […]
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 […]
Senior living and care pioneer Dr. Bill Thomas and a team of colleagues today unveiled Kallimos Communities, a new concept in housing and services. The first two projects are already in their early stages in Colorado and Texas, Kallimos COO Megan Marama told Senior Housing News. Marama, Thomas and the Kallimos team have big ambitions, […]
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 […]
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 […]
Formation Capital has a new CEO and is embarking on an investment strategy focused on creating new models of senior living and services. Atlanta-based Formation has been a prolific investor in the senior housing and care sector since its founding in 1999. As of last year, when long-time CEO Brian Beckwith departed, the firm was […]
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, […]
Welltower (NYSE: WELL) and an investment group led by real estate and private equity investor Safanad have announced plans to recapitalize HC-One, the largest care home operator in the UK. The two companies will de-leverage HC-One, extend its debt maturity by five years and provide the company with new equity to invest in its communities […]