Real estate investment trust Healthpeak Properties (NYSE: PEAK) reportedly is considering moving the company headquarters. Currently, the REIT is based in Irvine, California. Nashville is being considered as a new headquarters location, the Nashville Business Journal (NBJ) reported Friday. Denver and Dallas are also under consideration, according to the NBJ. Healthpeak declined to comment to […]
Category: REIT
Real estate investment trust Welltower (NYSE: WELL) disposed of its interest in Benchmark Senior Living for a gross sale price of $1.8 billion — one of several senior housing deals that the Toledo, Ohio-based real estate investment trust (REIT) announced Wednesday, in conjunction with second quarter 2019 earnings. The Benchmark portfolio consists of 48 senior […]
Sabra Health Care REIT (Nasdaq: SBRA) intends to terminate its master lease with Holiday Retirement and enter into management agreements with the independent living giant. Under the terms of a non-binding letter of intent, Sabra would terminate the master lease with regard to all 21 Holiday communities in its portfolio, the REIT announced Wednesday. At […]
The dealmaking environment in senior housing and care continues to limit investment activity for LTC Properties (NYSE: LTC), with even moderately large acquisitions tough to come by. And there are no signs that this situation will change in the near term, according to Wendy Simpson, CEO of the Westlake Village, California-based real estate investment trust […]
Last month, HCP (NYSE: HCP) President and CEO Tom Herzog declared the Irvine, California-based healthcare real estate investment trust (REIT) was “back to playing offense” after a nearly two-year makeover of its portfolio, executive team and board. Those plans came more into focus Wednesday during HCP’s Q3 earnings call. “The HCP of today is barely […]
Welltower Inc. (NYSE: WELL) is in a good position heading into the last months of 2018 despite persistent challenges facing the senior housing industry, leaders with the Toledo, Ohio-based real estate investment trust (REIT) said Tuesday in announcing third-quarter earnings. The REIT’s senior housing operating portfolio is relatively insulated from new competition, and the portfolio’s […]
Ventas’ (NYSE: VTR) senior housing operating portfolio was the outlier in an otherwise rosy Q3 earnings report. The Chicago-based health care real estate investment trust (REIT) reported normalized funds from operations (FFO) of $0.99/share, two cents better than analysts’ forecasts. Ventas posted $936.5 million in revenues in Q3, a 4% increase over last year’s totals. “We continue to […]
Meeting the health care needs of older adults will be a major challenge in the months and years ahead and already is leading to increasing integration across the continuum of care. This is creating opportunities for senior living and skilled nursing operators — and their real estate partners — as health systems, payer groups and […]
Newly formed operator Pegasus Senior Living is trying to accomplish a difficult feat right out of the gate: taking over a portfolio of 36 underperforming properties from Brookdale Senior Living (NYSE: BKD) and turning them around in a tough operating environment. To accomplish this, Pegasus co-founders Steven Vick and Chris Hollister say that their extensive […]
After a two year flurry of activity in which the REIT shed itself of poor-performing assets, reduced its exposure to Brookdale-operated properties and retooled its executive leadership, HCP (NYSE: HCP) announced it is ready for the future. “We have remade the company and we’re back to playing offense,” HCP President and CEO Tom Herzog said during […]