Welltower Exits Benchmark Portfolio for $1.8 Billion, Strengthens Other Operator Ties

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 […]

‘Barely Recognizable’ HCP Endures Painful Brookdale Transitions To Re-Make Portfolio

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 Draws Confidence from Senior Housing Results, $400 Million MOB Deal

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 […]

Senior Housing Headwinds Temper Ventas’ Q3 Earnings

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 […]

New Welltower Report Highlights ‘Payvider’ Opportunities for Senior Living

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 […]

Pegasus Launches Turnaround Effort for 36 Former Brookdale Properties

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 2 Years of Defense, HCP Is ‘Back To Playing Offense’ [UPDATED]

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 […]