A Montreal-based firm has plans to rapidly scale up its U.S. senior living operations, after agreeing to take over management of a dozen properties from Brookdale Senior Living (NYSE: BKD). Real estate investment trust (REIT) Welltower (NYSE: WELL) first announced in June plans to scale back its Brookdale Read More »
Movers & Shakers: Thrive Senior Living Adds Chief Experience Officer
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that Read More »
Brookdale Senior Living Poaches New CFO from DISH Network
Brookdale Senior Living (NYSE: BKD) has named a former telecommunications executive as its new CFO. Specifically, Steven Swain is set to join the nation’s largest senior housing provider as its executive vice president and CFO on September 4. He will replace Teresa Sparks, who began Read More »
Activist Shareholder Blasts Brookdale’s Board, Again Pushes for Real Estate Sales
A vocal activist shareholder with Brookdale Senior Living (NYSE: BKD) has some choice words for the company’s leaders, and is once again seeking to convince them to unlock more value from its real estate through asset sales. Stamford, Connecticut-based Land and Buildings Investment Management LLC Read More »
Brookdale Execs Work Community Shifts as Turnaround Efforts Continue
Brookdale Senior Living (NYSE: BKD) is carrying out its “winning locally” turnaround strategy by first sending its top brass to work at some of its communities. In June, 20 members of the Brentwood, Tennessee-based senior living provider’s senior leadership team prepared and served meals, cleaned rooms, Read More »
Movers & Shakers: Welltower Announces Promotions, Brookdale Bolsters Board
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that Read More »
HCP ‘Making Massive Progress’ Reinventing its Senior Housing Portfolio
HCP, Inc. (NYSE: HCP) has set out to reinvent its senior housing portfolio, and company leaders believe that they are “making massive progress.” The Irvine, California-based real estate investment trust (REIT) is currently “remaking [its senior housing portfolio] in a pretty dramatic way,” switching up Read More »
Selling Real Estate Floated as Possible Solution for Capital Senior Living
Capital Senior Living’s (NYSE: CSU) only salvation may be in its owned real estate, according to analysts from Stephens and Stifel. On Tuesday, the Dallas-based senior housing provider reported “disappointing” financial results for the second quarter of 2018, as well as a drop in occupancy Read More »
Thrive Senior Living’s Blunt New Ads are Inspired by Chipotle
Advertisements for senior living communities all look relatively similar, and convey more or less the same ideas, Thrive Senior Living President Les Strech tells Senior Housing News. By being decidedly blunt, a new ad campaign from the Atlanta-based provider aims to “cut through the clutter” Read More »
Brookdale Likely Won’t See Performance Improvement Until 2019
Brookdale Senior Living (NYSE: BKD) has a ways to go before its turnaround is complete. At the very earliest, the nation’s largest senior housing provider likely won’t see improvement in its performance until fiscal year 2019, according to RBC Capital Markets Analyst Frank Morgan. “Given Read More »
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