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,” […]
Welltower Inc.’s (NYSE: WELL) senior housing occupancy declined as expected in the first quarter of 2018, according to an earnings report published late on Wednesday. The Toledo, Ohio-based health care real estate investment trust (REIT) also announced it has reached an agreement to acquire Quality Care Properties (NYSE: QCP) in a $1.95 billion, all-cash transaction. In […]
Welltower (NYSE: WELL), one of the “Big 3” senior housing real estate investment trusts (REITs), is rumored to be in talks to purchase Quality Care Properties Inc. (NYSE: QCP). Welltower and ProMedica, a nonprofit hospital network operator, reportedly made a $2 billion offer to acquire skilled nursing-focused QCP, Reuters reported Wednesday, citing people familiar with the situation. This […]
Pricing senior housing properties is more of an art than a science—and today’s prospective buyers weigh different components in wide variety of ways. That’s according to a panel of experts who spoke Friday at the National Investment Center for Seniors Housing & Care (NIC) Spring Investment Forum in Dallas. “There’s a wider disparity in the […]
A new real estate investment trust (REIT) specializing in student and senior housing is undertaking an initial public offering (IPO), offering up to $1 billion in shares. The newly organized Maryland REIT, Strategic Student & Senior Housing Trust, is sponsored by SmartStop Asset Management, a diversified real estate company that has focused primarily on on self storage […]
It’s still early in what analysts had predicted would be an “eventful” earnings season for health care real estate investment trusts (REITs), but several telling themes have emerged in the reports released thus far, and they show a industry under duress. Beyond a harsher-than-normal flu season and concerning levels of new supply, health care REITs—and senior housing REITs, […]
HCP, Inc. (NYSE: HCP) has come a long way from the company it was a few years ago. “By all measures, 2017 was a pivotal year in our transformation of HCP,” Thomas Herzog, president and CEO of the Irvine, California-based real estate investment trust (REIT), said during the company’s fourth-quarter and full-year 2017 earnings call […]
Ventas, Inc. (NYSE: VTR) is currently experiencing the negative repercussions of a supply and demand “mismatch,” Chairman and CEO Debra Cafaro explained during the company’s fourth-quarter and full-year 2017 earnings call on Friday. Specifically, the Chicago-based real estate investment trust (REIT) felt occupancy pressure in 2017, and the pressure is expected to continue well into […]
Mike McKee, current executive board chairman and former interim CEO of HCP Inc. (NYSE: HCP), will be retiring, the real estate investment trust (REIT) announced Monday. McKee, who joined HCP’s board in 1989, will step down from the executive chairman role effective March 1. He will remain with the Irvine, California-based company in a consulting […]
Welltower Inc. (NYSE: HCN) ended 2017 with a few new additions. Specifically, the Toledo, Ohio-based real estate investment trust (REIT) announced on Wednesday a new addition to its executive team, as well as a new investor in its planned midtown Manhattan senior living development. Mark Shaver is set to join Welltower as the REIT’s senior […]
