Brookdale Senior Living Inc. (NYSE: BKD) reported a net loss of $5.2 million, or $0.04 per diluted common share, for the second quarter ending June 30, 2013. Compared to the same period in 2012, the company narrowed its year-earlier loss of $19 million, or $0.16 per share. Despite posting a net loss for the quarter, […]
Category: Finance & Development
Capital Senior Living Sees Sales Up 13%, More Private-Pay Opportunities Capital Senior Living reported second quarter earnings this week with cash from facility operations up 15.1% to $9.5 million or $0.43 per share. Revenues rose during the same time period to $87.5 million, a 13% increase over the same period in 2012. “We are very […]
Health Care REIT, Inc. (NYSE: HCN) saw its net income fall approximately 91% in the second quarter of 2013 following a number of acquisitions completed during the period. HCN reported a net income of $7.18 million, or $0.03 per diluted share, for quarter ended June 30, 2013, compared to $76.88 million, or $0.25 per diluted […]
Emeritus Corporation (NYSE: ESC) reported this week its net loss attributable to common shareholders was $35.96 million, or $0.77 per diluted share, compared to the $21.72 million, or $0.49 per share, recorded in the same quarter last year. The company’s cash from facility operations (CFFO) for the quarter was $18.8 million, or $0.40 per share, […]
HCP Inc. (NYSE:HCP) reported a 4% boost in funds from operation (FFO) to $0.72 for the second quarter ended June 30, 2013 after completing $367 million of investment transactions in the quarter. The REIT’s FFO increased to $327.7 million up from $293.6 million, or $0.69 per share, in 2012’s second quarter. Revenue rose 12% to […]
The lead-up to a senior housing RIDEA deal between an operator and a real estate investment trust has been described many ways: as dating; as a courtship; even an arranged marriage. But at the end of the day, panelists at SHN’s 2013 Senior Housing Summit agreed, it’s all about alignment of goals, and there are […]
Chicago-based Ventas, Inc. (NYSE:VTR) reported funds from operations (FFO) of $304.4 million for the second quarter ended June 30, 2013, up nearly 29% from the $236 million reported one year prior. Per diluted common share, FFO increased to $1.03 from 2012’s $0.81. Normalized FFO increased 7% to $298.4 million in the quarter, compared to last […]
Meta Housing Corporation recently announced the completion of Long Beach Seniors Arts Colony, a $70 million affordable housing community for people aged 55 and older that received both public and private financing. The multifamily community has 200 units and is located nearby public transportation. “Development of today’s senior housing requires a completely different approach than […]
NHI Acquires Assisted Living Community for $15.3 Million National Health Investors (NYSE:NHI) announced on Monday the $15.3 million acquisition of an assisted living community in Marysville, Ohio that will be leased to Emeritus Senior Living (NYSE:ESC). The Inn at Halcyon Village is a 76-unit assisted living and memory care community built in 2009. The lease […]
A joint venture between an established senior living developer and operator and a private equity firm currently has two continuing care retirement communities (CCRCs) in pre-development with plans to expand a third at a time when activity in the sector has been largely halted related to the availability of financing. LCS-Westminster, a partnership between Des […]
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