CCRC Entry Fee Model Here to Stay—For Now

Thanks to the Great Recession’s impact on seniors’ net worth, some expect rental continuing care retirement communities (CCRCs) to gain market share in the next few years while others contend the diversity of the baby boomer generation will support the near-term viability of the entry fee model as well.  “Both will continue to have their places […]

Brookdale Revenue Up 4.3% to $712 Million in First Quarter

Brookdale Senior Living Inc. (NYSE:BKD) saw first quarter revenue of $712.3 million, an increase of 4.3% from the first quarter of 2012. Net income was $3.6 million for the first quarter of 2013 compared to a net loss of $10.5 million in the first quarter of 2012. “We are encouraged by the trends we continue […]

Scale Gives Senior Living Providers Advantage in PR Nightmares

It would be hard to forget the hundreds of negative headlines that erupted across the nation about Brookdale and Emeritus this spring, yet their respective stock prices never took a correlating hit. Not all are so lucky to have the resources or scale to deal with a public relations nightmare, however. Much depends on the […]

Senior Housing Finance Activity: Capital One, Grandbridge, RED CAPITAL

Capital One Closes $19.5 Million Loan for Revera Health Systems Capital One Bank announced on Monday it had provided a three-year, $19.5 million secured term loan to Revera Health Systems, Inc., a long-term care and rehabilitation provider with multiple skilled nursing centers across the U.S. Proceeds of the loan were used to refinance existing senior […]

Senior Housing Investment & Acquisition Round-Up (4/9/13)

MBK Senior Living Sells Two Properties to Brookdale for $56.1 MIllion   Brookdale Senior Living recently purchased two Spokane, Washington properties from MBK Senior Living for $56.1 million.  The properties, built between 1999 and 2003, include a combination of assisted living and memory care units, with an additional 20 independent units in one of the […]

Brookdale Sells Two Senior Living Communities to Kandu Capital

Kandu Capital, LLC and its operating company Bloom Senior Living announced on Monday the acquisition of two senior living communities in Bluffton and Hilton Head, S.C. for $7.2 million from Brookdale Senior Living. “These acquisitions follow our strategic approach of selectively acquiring and managing well-located, value-add communities that fit within our existing portfolio,” said Bradley Dubin, […]

Brookdale Tops List of 2013’s Largest Senior Living Providers

Brentwood, Tenn.-based Brookdale Senior Living (NYSE:BKD) is the nation’s largest senior living provider for the second year running, according to the Assisted Living Federation of America’s (ALFA) annual list. The publicly-traded senior living company has a total resident capacity of 64,354 beds among 647 properties split mostly between independent and assisted living, along with around […]