American Healthcare REIT is gearing up for its initial public offering (IPO) and is aiming to raise $700 million, Bloomberg reported on Tuesday. The REIT’s primary operating partner is Louisville, Kentucky-based Trilogy Health Services, which is one of the nation’s largest senior living and skilled nursing providers. “Trilogy constitutes more than a third of American Healthcare REIT’s […]
Bloomberg
Sunrise Senior Living has opened Sunrise on East 56th, a 151-unit luxury lifestyle community in New York City, as the senior housing sector heats up in the Big Apple. McLean, Virginia-based Sunrise partnered with international real estate firm Hines and real estate investment trust (REIT) Welltower Inc. (NYSE: WELL) on the project, which offers assisted […]
Three-dozen municipal debt issues for senior living communities fell into default in 2020, and five more borrowers have failed to make payments this year. That’s according to an analysis published last week by Bloomberg. A previous analysis, done by Municipal Market Analytics in Aug. 2020, showed 23 retirement communities had reported first-time defaults on municipal […]
Talks for a rumored acquisition of Brookdale Senior Living (NYSE: BKD) with a Chinese bidder are over, according to Bloomberg. Zhonghong Zhuoye Group Co Ltd, a Beijing-based real estate and leisure firm, was, at one time, prepared to buy Brookdale for $20 per share, but the deal stalled, and has now finally faltered. Negotiations ended without a […]
The Carlyle Group, a Washington, D.C.-based global private equity firm, is planning to raise $5 billion in a new fund that may include senior housing investment targets, Bloomberg recently reported. The fund would be the firm’s eighth, and is being put together in the first half of 2017, according to unnamed sources cited by Bloomberg. […]
One activist shareholder is slamming the “management cronies” involved in the $17 billion merger of three major real estate companies, saying there is “woefully inadequate” value to shareholders in the transaction. Jonathan Litt, founder and chief investment officer of New York-based hedge fund Land & Buildings, slammed special committee members of NorthStar Asset Management […]
Omnicare Inc. (NYSE: OCR), the nation’s largest long-term care pharmacy provider, will be acquired by CVS Health Corp., Bloomberg News first reported Wednesday. The deal was confirmed early Thursday and will net an enterprise value for Omnicare of $12.7 billion, including $2.3 billion in debt. Omnicare has 13,000 employees at 160 locations in 47 states across the […]
In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: Brookdale iPad Pilot Tests Tablet Use in Senior Living — Brookdale Senior Living Inc. (NYSE:BKD) is partnering with a research team at one of its newly acquired California-based Emeritus communities to study iPad use among a group of […]
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 […]