LTC Writes Off $17.7 Million in Senior Lifestyle Rent, Extends Brookdale Lease

Real estate investment trust LTC Properties (NYSE: LTC) collected 92% of rent due in the second quarter of 2020, with most of the shortfall attributed to buildings operated by Senior Lifestyle Corp. Westlake Village, California-based LTC wrote off $17.7 million in straight-line rent receivable and lease incentive balances related to an affiliate of Senior Lifestyle, […]

Top Senior Housing News Stories of 2018

For the second year in a row, Jimmy Buffett reigns supreme. The most-read article on Senior Housing News in 2018 was a news story about plans for a third Margaritaville active adult community. Last year, the most-read article was about plans for the first Margaritaville development. The sustained interest in these projects suggests that senior […]

Land & Buildings Accuses Brookdale of Doing ‘Bare Minimum to Appease Shareholders’

Activist shareholder Land & Buildings has once again blasted Brookdale Senior Living (NYSE: BKD), saying in a public letter that the company is doing “the bare minimum to appease shareholders.” Land & Buildings is incensed that Brentwood, Tennessee-based Brookdale — the nation’s largest senior living provider — has not taken steps to monetize more of […]

$428 Million Brookdale Portfolio to be Apollo’s Senior Living Investment Launchpad

Private equity giant Apollo Global Management plans to invest further in senior living after acquiring a portfolio of 22 properties currently managed by Brookdale Senior Living (NYSE: BKD), a person with knowledge of the deal told Senior Housing News. New York City-based Apollo is an alternative investment management firm that currently has about $247 billion […]

Ventas Flying High After ‘Break-Out Quarter’

Ventas (NYSE: VTR) shares have been surging since the company announced its quarterly earnings last Friday, and its CEO Debra Cafaro received effusive praise from CNBC’s Jim Cramer during a Monday night appearance on his show Mad Money. “This was the quarter that we’ve all been looking for, all of the objections have been answered,” […]

Former CEO Bill Sheriff Re-Joins Brookdale as Consultant

Bill Sheriff, a pioneer in the senior living industry and former CEO of Brookdale Senior Living, is re-joining the Brentwood, Tennessee-based provider as a consultant. “I am pleased to again work with the talented and committed people of Brookdale – from the front-line associates to senior management – who are selflessly dedicated to enriching lives […]

HCP to Transition 24 Brookdale Properties to Atria Senior Living

Two dozen senior living communities owned by real estate investment trust (REIT) HCP Inc. (NYSE: HCP) are getting a new operator, transitioning from Brookdale Senior Living (NYSE: BKD) to Atria Senior Living.  Brentwood, Tennessee-based Brookdale is the largest senior living provider in the nation, and has been facing financial and operational challenges since its 2014 […]