NHI CEO: Senior Housing Supply Picture Improving, Acquisitions Still Tough

Eric Mendelsohn, CEO and President of National Health Investors (NYSE: NHI), might seem to be a study in contradictions. On the one hand, he is a self-professed “contrarian investor” who is bullish on skilled nursing while others view this as a beleaguered sector. Yet, he also describes the investment approach of NHI, a Murfreesboro, Tennessee-based […]

CNL Healthcare Properties Exploring Strategic Alternatives, Including Company Sale

CNL Healthcare Properties’ board of directors has appointed a special committee to evaluate strategic alternatives to provide liquidity to shareholders—including a possible sale of the company. Those alternatives may include listing the company’s common stock on a national exchange, selling the company or its assets, or seeking a merger or other deal with another company, CNL announced Tuesday afternoon. […]

Apollo Rumored to Buy $428 Million Brookdale Portfolio from HCP

Apollo Global Management LLC (NYSE: APO) is under contract to acquire a 22-property Brookdale Senior Living (NYSE: BKD) portfolio from HCP, Inc. (NYSE: HCP) for $428 million, Bloomberg reported on Friday, citing an anonymous source with knowledge of the matter. Apollo, a New York City-based alternative investment management firm, currently has about $247 billion worth […]

NHI Strikes Deal with New Operating Partner Comfort Care Senior Living

National Health Investors (NYSE: NHI) has a new operating partner in Comfort Care Senior Living, which believes its commitment to ground-up development and technology integration differentiate it from the competition. Earlier this week, the Murfreesboro, Tennessee-based real estate investment trust (REIT) announced it had purchased a 51-unit assisted living and memory care community in Bridgeport, Michigan, and […]

New Bidder Emerges to Challenge Welltower’s QCP Acquisition

Welltower Inc.’s (NYSE: WELL) proposed $1.95 billion acquisition of Quality Care Properties (NYSE: QCP) may have hit a bump in the road. QCP on Tuesday announced that it has received an acquisition proposal from a third party, and that the real estate investment trust’s (REIT’s) board of directors believes the proposal could reasonably be expected to […]

Why NHI is Making Acquisitions While Other REITs Are Sidelined

Unlike other health care-focused real estate investment trusts (REITs), National Health Investors (NYSE: NHI) has managed to stay off of the sidelines in recent months and remain fairly active in the senior housing marketplace. The Murfreesboro, Tennessee-based company credits its M&A activity to nurturing its several operator relationships and staying open to smaller-scale deals, Kevin Pascoe, […]

New Senior Expects Strategic Review Conclusion in Coming Months

New Senior Investment Group Inc. (NYSE: SNR) on Friday announced that its board of directors expects to share the outcome of its previously announced strategic review “in the coming months.”  The New York City-based real estate investment trust (REIT) first announced the strategic review in February, saying that it was considering an outright sale of the […]

Phoenix Senior Living Strikes JVs with ReNew REIT, Connexion Development

Phoenix Senior Living is planning to expand its footprint in the Southeastern United States with the help of its new joint venture partner Connexion Development. The Roswell, Georgia-based provider also is the first RIDEA partner for ReNew REIT—the real estate investment trust recently founded by senior living veteran George Chapman. On Wednesday, Phoenix announced a […]

HCP Unveils 5-Step Plan to Transform Senior Housing Portfolio

HCP, Inc. (NYSE: HCP) is hoping to get away from the “noise of repositioning” and finally start transforming. Addressing its senior housing portfolio is one key part of achieving this transformation, and leaders with the Irvine, California-based health care real estate investment trust (REIT) laid out their plans Thursday, in conjunction with announcing first-quarter 2018 earnings. One major facet […]

Ventas Flying High After ‘Break-Out Quarter’

Ventas (NYSE: VTR) shares have been surging since the company announced its quarterly earnings last Friday, and its CEO Debra Cafaro received effusive praise from CNBC’s Jim Cramer during a Monday night appearance on his show Mad Money. “This was the quarter that we’ve all been looking for, all of the objections have been answered,” […]