Brookdale CEO: Turnaround in 5th Inning, and New Competition Easing

There are signs Brookdale Senior Living’s (NYSE: BKD) improvement efforts are producing results, as the company reported improved employee retention and move-in growth in the second quarter of 2019. But, there’s more to do as the company’s ongoing turnaround approaches the halfway mark. If Brentwood, Tennessee-based Brookdale entered the first inning of its turnaround last […]

WRC Development Continues to Expand Towne Club Senior Living Brand

WRC Development Partners started building senior housing out of necessity, but solid returns have led to a robust platform. Today, the affiliate of New York City-based real estate investment brokerage and construction consultant Whitestone Realty Capital has operational partnerships with three highly regarded operators, a deep development pipeline and an eye on exiting the properties […]

HCP Accelerates Strategic Plan for Senior Housing

After closely analyzing every one of its senior housing assets, real estate investment trust HCP (NYSE: HCP) has hit the accelerator to create a portfolio that will outperform the broader industry in the coming years.  “It’s hard to predict too far into the future in senior housing, just given the uncertainty about continued new supply […]

Welltower Posts Strong Senior Housing Numbers Amid Operator Reshuffles

Welltower’s (NYSE: WELL) senior housing portfolio performance continued to pace strong earnings in the second quarter of 2019 — a period marked by a flurry of transactions. Leadership of the Toledo, Ohio-based real estate investment trust put those deals in greater context during Wednesday’s earnings call. They were approached by a buyer who offered attractive […]

Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

Alliance Residential Starts to Bring $1 Billion Senior Living Pipeline to Market

Multifamily housing company Alliance Residential Company is just months away from opening the inaugural community in the more than $1 billion senior living pipeline announced four years ago. The Phoenix-based company will welcome residents at its first community in Tukwila, Washington, this December. The 166-unit active adult community is called Marvelle at Southcenter, and Alliance […]

Avenida Plans $200M Annual Pipeline, Offers Alternative to Independent Living

Active adult developer Avenida Partners has plans to scale up its portfolio of active adult rental communities with four new ground-up projects per year. And the Newport Beach, California-based firm says their product stands as an option for older adults who aren’t ready to financially commit to an independent living community. Avenida has completed four […]