Just over a year after announcing several major changes—including a move of its corporate headquarters across the country and abandoning its longstanding management model—CEO Lilly Donohue says Holiday Retirement is in “put-your-head-down mode” and focusing on improving the resident experience. The nation’s largest independent living Read More »
Brookdale CEO: Senior Housing Portfolio Should Be 20% Smaller Within 3 Years
Brookdale Senior Living (NYSE: BKD) is continuing to make headway with its real estate investment trust (REIT) partners as it shrinks its portfolio and re-balances from leased properties toward owned assets. Brentwood, Tennessee-based Brookdale is the nation’s largest senior housing company, with a total portfolio Read More »
Brookdale, Sunrise Share Best Practices for Emergency Evacuations in Senior Living
All senior housing communities hope they will never have to put their emergency evacuation plans into effect, but the unfortunate reality is that natural disasters happen. Recent events from fires to floods across the U.S. have sent some communities reeling in response, but those with Read More »
Tracking CEO Compensation at Public Senior Living Companies in 2017
The top executives behind some of the largest publicly traded senior living owners and operators in the U.S. took home a pretty penny last year. In 2017, leaders at real estate investment trusts Ventas (NYSE: VTR), Welltower Inc. (NYSE: WELL), and HCP, Inc. (NYSE: HCP) earned the Read More »
Activist Shareholder Calls for Brookdale to Consider Selling its Real Estate
Stamford, Connecticut-based Land & Buildings Investment Management LLC seems to have changed its tune with respect to Brookdale Senior Living’s (NYSE: BKD) turnaround potential. Specifically, Land & Buildings is optimistic about recent leadership changes that have taken place at Brookdale, though the activist investor still believes Read More »
Brookdale Battles Through First Inning of Turnaround, Gains Some Momentum
Brookdale Senior Living (NYSE: BKD) may only be in the “first inning” of its turnaround—but the company’s leadership is making progress on improving operations, and investors appear to like what they see. The Brentwood, Tennessee-based senior housing provider reported its first-quarter 2018 financial results on Monday Read More »
Asset Sales, Labor Costs Hit Brookdale’s Bottom Line
About two months after Brookdale Senior Living Inc. (NYSE: BKD) ended a strategic review and named a new CEO, the nation’s largest senior housing provider has posted a $457.2 million net loss for the first quarter of 2018. Impairment charges related to its ongoing portfolio Read More »
HCP Unveils 5-Step Plan to Transform Senior Housing Portfolio
HCP, Inc. (NYSE: HCP) is hoping to get away from the “noise of repositioning” and finally start transforming. Addressing its senior housing portfolio is one key part of achieving this transformation, and leaders with the Irvine, California-based health care real estate investment trust (REIT) laid out their Read More »
Turnarounds at GM, UnitedHealth Offer Lessons for Brookdale
In 2009, automotive giant General Motors (NYSE: GM) and insurance company UnitedHealth Group (NYSE: UNH) both found themselves at a crossroads—and the ways the organizations went about navigating their transformational times could provide valuable lessons for Brookdale Senior Living (NYSE: BKD). In June 2009, following years Read More »
Ventas Restructures Brookdale Leases, Asset Sales Could Follow
Ventas, Inc. (NYSE: VTR) has officially renegotiated its leases with the nation’s largest senior housing provider, which recently turned to new leadership and is focused on a turnaround. The deal could also facilitate additional asset sales. Specifically, the Chicago-based real estate investment trust (REIT) on Read More »
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