While many for-profit and non-profit senior living organizations are branching out and offering a broader spectrum of care services to residents, one major provider says it’s going to stick to what it’s good at: senior housing. That’s not to say residents in Texas-based Capital Senior Living’s (NYSE:CSU) communities won’t have access to care services. “We choose […]
Brookdale Senior Living
While real estate developers are working fast to meet the housing needs of a rapidly growing U.S. senior citizen population – which is projected to almost double in the next 35 years – some analysts are warning that developers may be moving too fast, Bloomberg Businessweek reports. A jump in supply is forecast to cut […]
On the heels of an announced joint venture with HCP that is propelling Brookdale into the entrance fee continuing care retirement community market, the company said this week it is converting one of its existing rental campuses into a CCRC with the addition of new care services. Brookdale Place at University Park in Birmingham, Alabama […]
While real estate investment trusts haven’t typically invested too much into continuing care retirement communities, HCP says it’s been looking into the sector for years, and the recent joint venture with Brookdale came at the right time. “We’ve looked at the asset class for several years,” said Paul Gallagher, chief investment officer and executive vice […]
Brookdale Senior Living, the largest owner-operator of senior living communities in the nation, announced via its website that it has begun the process of changing dozens of its community names to better reflect its national brand. Beginning with 16 Houston-area communities, the company is transitioning community names such as “Terrace at Champions” and “Hampton at […]
From investing in a new senior housing sub-sector to exploring opportunities abroad, HCP logged a solid first quarter and thumbed its nose at industry speculation that REITs’ value has been diminished through the planned Brookdale-Emeritus merger. Perhaps the highlight of the quarter was HCP’s agreement with Brookdale Senior Living to form a new, $1.2 billion […]
Berkadia has successfully completed the first-ever Freddie Mac Seniors Housing Early Index Lock transaction in a recent portfolio refinance for 19 Brookdale (NYSE: BKD) properties. The company arranged $146 million in financing for the portfolio, making it the first to utilize the index lock option under Freddie Mac. The Freddie Mac option, which was made available […]
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week. Sunrise CEO Out After Only 5 Months, Winkle to Take Over—In the midst of closing a recapitalization under which Revera purchased a majority of Sunrise’s management company, Sunrise announced its former CEO, Penny McIntyre has been replaced by […]
Brookdale Senior Living (NYSE:BKD) will soon become a driving force in the industry for continuing care retirement communities (CCRCs) with the capital backing of new joint venture partner HCP, Inc. (NYSE:HCP), analysts say. The companies announced Wednesday they would enter a joint venture agreement to own and operate a $1.2 billion portfolio, that at its […]
Senior living giant Brookdale Senior Living (NYSE:BKD) and real estate investment trust HCP Inc. (NYSE:HCP) today announced a joint venture encompassing a $1.2 billion portfolio of entrance fee Continuing Care Retirement Communities (CCRCs). The venture will own and operate 14 entry-fee CCRCs and will create the largest healthcare REIT platform to operate and acquire these […]
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