New Welltower CEO Commits to Strategic Direction, His Biggest Concern Eases

Welltower (NYSE: WELL), the nation’s largest owner of senior housing properties, will not be changing its strategic direction under its recently named CEO, Shankh Mitra. “Many of you have asked me if our strategy will change going forward — the answer to that question is an emphatic no,” Mitra said Thursday during the Toledo, Ohio-based […]

BMO Analysis: 50% Decline a Worst-Case Scenario, But Historically Low Senior Housing Occupancy Could Be Coming

Senior housing occupancy could fall by as much as 50% this year due to Covid-19 — as Bloomberg reported — but this is a worst-case scenario, according to BMO Capital Markets Analyst John Kim. Less dramatic occupancy declines are more likely, yet even these relatively gentler drops could put occupancy at historically low levels. BMO […]

Welltower Posts Strong Senior Housing Numbers Amid Operator Reshuffles

Welltower’s (NYSE: WELL) senior housing portfolio performance continued to pace strong earnings in the second quarter of 2019 — a period marked by a flurry of transactions. Leadership of the Toledo, Ohio-based real estate investment trust put those deals in greater context during Wednesday’s earnings call. They were approached by a buyer who offered attractive […]

Transactions & Financings: $1 Billion REIT IPO, LTC Sells Portfolio to NHI

Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]

Why the REIT Sector Could Get a $100 Billion Boost

Real estate investment trusts (REITs) have gained so much momentum as a major force in real estate, they are being put in their own sector in an important investment classification tool and could be in for a capital boost from all the attention. Following market close on August 31, equity REITs were reclassified as their […]

REIT Exits Senior Housing by Selling 26-Property Portfolio

A real estate investment trust (REIT) has moved to completely exit the senior housing industry in favor of multifamily real estate, selling off all of its remaining senior housing properties for about $236 million. Minot, North Dakota-based Investors Real Estate Trust (NYSE: IRET) announced Wednesday it has entered into six different sales agreements with multiple affiliates […]

REITs Appear Ready to Drive Senior Housing Dealmaking Again

Senior housing real estate investments trusts (REITs) have pulled back their acquisition activity since the end of 2015, and transactions during the first six months of the year tanked as a result. However, rebounding share prices are returning the capital advantage to the biggest players in the industry, and may help deal volume pick up at […]

Senior Housing Finance Activity: CareTrust, Ziegler

CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock CareTrust REIT, Inc. (Nasdaq: CTRE) announced that, subject to market and other conditions, it plans to offer to sell 7.5 million shares of its common stock in an underwritten public offering. The company also expects to grant the underwriters a 30-day option to buy […]

Welltower, Revera Complete $582 Million Regal Acquisition

Welltower (NYSE: HCN) and Revera Inc. announced Monday the completion of the previously announced acquisition of Regal Lifestyle Communities Inc. (TSX: RLC) through an existing 75/25 joint venture. The transaction comes in at C$12 per share in cash, a total enterprise value of about C$764 million, or $581.51 million in U.S. dollars. The transaction was originally pegged at […]