Here’s a roundup of earnings reports for some senior housing and care providers for the second quarter of 2012. All four companies experienced a growth in revenue, but only two out of four saw their income from operations increase, while two saw their net income decrease in the quarter. Most of the operators reported being […]
Category: Finance & Development
Here’s a list of possible turnaround opportunities for senior care facilities, ranging from troubled facilities that are losing money, to county-run homes looking to privatize, to places that may need to close their doors for various other reasons. South Florida Business Journal—Assisted Living Owner/Operator Seeking Chapter 11 Bankruptcy Sale of Assets Name: Lenox on the Lake […]
National Health Investors (NYSE:NHI) saw its normalized funds from operations (FFO) rise 6% to $21.4 million, or $0.73 per diluted share, in the second quarter ended June 30, 2012, primarily as a result of revenues from the real estate investment trust’s new investments it funded, at $82.4 million in 2011 and $29.6 million so far […]
Greystone & Co. Affiliate Closes $33 Million Affordable Housing Transaction in N.C. Greystone & Co., Inc. affiliate Greystone Affordable Housing Initiatives LLC (GAHI), a provider of affordable housing recapitalization and rehabilitation transaction management services, announced on Monday that it had closed a $33 million multifamily housing rehabilitation transaction in North Carolina that includes senior housing […]
Assisted Living Concepts (NYSE:ALC) reported a net loss of $25.1 million in the second quarter ended June 30, 2012, a dramatic fall from its $6.3 million net income reported one year ago that’s due to charges related to purchasing a 12-property portfolio from Ventas Realty, among other factors listed as “One-Time Items.” The operating company […]
Here’s a quick look at how senior housing and care-related real estate investment trusts fared during the second quarter of 2012, including FFO, net income, revenues, and, when available, guidance. We’ve also included acquisition and development activities and outlooks for some of the REITs based on what was said during their respective earnings calls. HCP’s […]
Construction: Planned Erickson Living Plans Colorado CCRC Expansion, Hires Contractor Erickson Living’s Wind Crest retirement community has selected Brinkmann Constructors as the general contractor for its newest neighborhood. The four-story continuing care neighborhood is currently under design and will have 128 residences offering assisted living, memory care, post-acute rehabilitation, and long-term nursing care services to […]
Care.com, an online service that connects those seeking care with care providers, announced on Tuesday the closing of $50 million in new funding that will be used to continue the company’s expansion efforts both in the United States and abroad. Care.com plans to use the financing to continue investing in building its business, both through […]
Many non-profit continuing care retirement communities (CCRCs) have enjoyed getting 100% financing for their properties in the past, but that could change going forward, according to panelists speaking at SHN’s first annual Senior Housing Summit in July. LeadingAge, a non-profit advocacy group of senior living providers, says 80% of CCRCs are non-profit, and while most […]
Toledo, Ohio-based Health Care REIT, Inc. (NYSE:HCN) plans to come out swinging in the third quarter with about $925 million of healthcare-related acquisitions, with about $854 million of that designated for seniors housing properties. The healthcare real estate heavyweight announced on Monday, Aug. 6 that it anticipates acquiring approximately $925 million of seniors housing and […]