Brookdale Targets 7% NOI Growth Through 2024, Labor Costs an Immediate Concern

Better supply-demand dynamics helped Brookdale Senior Living (NYSE: BKD) turn its recent occupancy trends positive — and the company is betting that these conditions will persist into the years ahead, leading it to release a five-year outlook. However, the immediate picture is still mixed. The nation’s largest senior living provider was hit by high labor […]

Welltower Credits ‘Painful’ Restructuring for Strong Senior Housing Performance

Welltower (NYSE: WELL) posted solid senior housing gains in the third quarter of 2019, thanks in part to the last few years spent unwinding certain “one-sided” relationships while forging new ones under more well-aligned RIDEA structures. That’s according to CEO and Chairman Thomas DeRosa, who on a Tuesday earnings call with investors and analysts laid […]

3 Business Benefits of Closer Senior Living, Hospice Alignment

For nearly a decade, American seniors have steadily grown more comfortable with hospice. Nowhere has that growth manifested itself more than in assisted living. Yet for a variety of reasons — including the lingering taboo around hospice and the administrative burdens that come with Medicare — hospice remains largely an assisted living outsider, according to […]

Multifamily Firm Berkshire Residential Targets Senior Housing, Hires Industry Veteran

Berkshire Residential — a Boston-based real estate firm with over $8 billion of assets under management — has set its sights on senior housing. The company has already raised and started to deploy one dedicated senior housing fund, with further fundraising underway. And Berkshire earlier this year hired industry veteran Matthew Whitlock to lead its […]

Activist Brookdale Investor Withdraws Flaherty Board Nomination

The ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings is on hold — at least for now. Land & Buildings Investment Management on Tuesday withdrew its nomination to add Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), to Brookdale’s board of directors. The […]

Brookdale Issues Most Heated Argument Yet Against Board Nominee Flaherty

The gloves have come off in an ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings. Brookdale on Thursday ratcheted up the intensity of its arguments against board nominee Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), who was put forward by activist shareholder […]

Brookdale Acquires 18-Property HCP Portfolio for $405M, Exits Joint Venture

Brookdale Senior Living (NYSE: BKD) has inked several new transactions with HCP (NYSE: HCP) that both companies say better position them for the future. The multiple transactions will see Brookdale assume ownership of an 18-property leased portfolio for $405 million, step away from a joint venture and reconfigure lease obligations, the companies announced Tuesday. The […]