Top 10 Senior Housing News Stories of 2017

2017 has been a wild ride for many industries—the senior living industry included.  This year, industry news was once again dominated by Brookdale Senior Living (NYSE: BKD). There were takeover predictions, acquisition rumors and analyst think pieces, but ultimately no merger deals—at least as of Dec. 17.  We also have a strong feeling that we […]

Brookdale Strikes Deal with Activist Shareholder

The nation’s largest senior living provider has struck a deal with an activist shareholder that’s given the company’s management team a bit of trouble over the last several months. Brookdale Senior Living (NYSE: BKD) on Wednesday announced that it had reached an agreement with Stamford, Connecticut-based Land & Buildings Investment Management LLC and appointed Marcus E. […]

Blackstone, Cindat Rumored to Bid for Senior Housing Down Under

Global private equity firms have been having a field day lately, making big investments in senior housing in the United States and other nations.  Both China-based Cindat Capital Management and New York-based Blackstone Group (NYSE: BX), for instance, have placed bids for a 50% stake in the senior housing business of Sydney, Australia-based LendLease Group, Bloomberg […]

Blackstone Amasses $755 Million for Up-and-Coming REIT

It looks as though the $5 billion non-traded real estate investment trust (REIT) that Blackstone Real Estate filed for last August is coming along nicely. The new Blackstone REIT is steadily adding to its pile of gold with buy-ins from “mom-and-pop investors,” to use a phrase from a May 23 Wall Street Journal report. Last month, […]

Report: Kindred ‘Willing to Engage’ in Complete Buyout

Late last year, Kindred Healthcare (NYSE: KND) announced its intention to completely exit the skilled nursing sector. Now, the Louisville, Kentucky-based post-acute care services provider is reportedly receiving takeover interest. The one-time skilled nursing giant is in “late-stage” discussions with several potential buyers for its skilled nursing business, according to Dealreporter. Still, Kindred is not […]

Senior Housing Finance Activity: KeyBank, Grandbridge

KeyBank Provides $703 Million for Blackstone’s 64-Community Senior Housing Acquisition KeyBank Real Estate Capital’s Healthcare platform recently provided a $703 million financing package to a joint venture led by Blackstone (NYSE: BX) that purchased a senior housing portfolio with 64 communities from HCP, Inc. (NYSE: HCP). The portfolio is made up of 5,973 units in […]

Senior Housing Investments & Transactions: Blackstone Deals

Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]

Editor’s Picks: Brookdale for Sale?

As confirmation hearings for President-elect Donald Trump’s Cabinet took place on Capitol Hill, we brought readers the most recent news in the senior housing world. Namely, private equity giant Blackstone Group is rumored to be in talks to acquire Brookdale Senior Living (NYSE: BKD); assisted living occupancy fell to its lowest level since 2010; and […]