Brookdale’s Activist Shareholder Sells Its Stake

Sandell Asset Management has exited its position in Brookdale Senior Living (NYSE: BKD), about one year after the firm publicly pushed the senior living provider to spin off its real estate assets to maximize shareholder value. New York-based Sandell Asset Management and Sandell Investment Services LLC held shares of BKD as of the end of […]

NorthStar Asset Management Slams Activist Shareholder

Just weeks after an activist shareholder pushed a major senior housing asset management firm, the company has fired back, calling the “attention-grabbing” tactic “ill-conceived” and a distraction.  NorthStar Asset Management (NYSE: NSAM) was put under pressure at the start of 2016 after shareholder Jonathan Litt, founder and chief investment officer of New York-based hedge fund Land and Buildings […]

Brookdale, HCP Dampen Expectations for 2016

Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) both finished 2015 with some positive notes, but set more modest outlooks for investors on Tuesday in the face of challenges ahead. Share prices of the two companies and their peer companies slid in the aftermath of the earnings releases, with Welltower (NYSE: HCN) approaching a 52-week low. […]

NorthStar Asset Management Pushed to Restructure or Sell

Changes could be in store for one the nation’s major owners of senior housing real estate, if an activist shareholder prevails. Land and Buildings, a New York-based hedge fund, has urged NorthStar Asset Management (NYSE: NSAM) to recombine with NorthStar Realty Finance (NYSE: NRF), a publicly traded real estate investment trust (REIT). The asset management […]

Bloomberg: Developers Creating Senior Housing Surplus

While real estate developers are working fast to meet the housing needs of a rapidly growing U.S. senior citizen population – which is projected to almost double in the next 35 years – some analysts are warning that developers may be moving too fast, Bloomberg Businessweek reports. A jump in supply is forecast to cut […]

Ensign to Complete Spinoff of New Healthcare REIT

The Ensign Group, Inc. (Nasdaq: ENSG) has announced it is moving forward in the upcoming completion of its healthcare and real estate business split into two separate and independent, publicly-traded companies: The Ensign Group, Inc. and CareTrust REIT, Inc. The company announced the REIT spinoff earlier this year and said this week it is nearing […]

Ensign Spins Off Real Estate Into New Healthcare REIT

The Ensign Group (Nasdaq: ENSG) announced today it will separate its health care business and real estate business by forming a real estate investment trust spinoff that will leave the former entity as two publicly held companies. Ensign, a national provider of assisted living, skilled nursing, rehab, home health, hospice and other care services, says the […]