One of the nation’s largest senior living operators will be smaller in the future, as Five Star Senior Living (Nasdaq: FVE) will soon exit management of 108 communities. With this recent news, now all three of the largest publicly traded U.S. senior living operators — Brookdale Senior Living (NYSE: BKD); Capital Senior Living (NYSE: CSU); […]
Brookdale
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, […]
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 […]
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 […]
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 […]
Leaders with Welltower (NYSE: WELL) believe the company is positioned to create and seize opportunities in the years ahead, thanks to a major new joint venture and a restructured senior housing portfolio. On Thursday, the real estate investment trust (REIT) and a nonprofit health system, ProMedica, closed on a joint venture deal valued at $4.4 […]
Dr. Atul Gawande, who put the U.S. senior housing and care system under the microscope in his bestselling book “Being Mortal,” has been named CEO of a new health care venture launched by corporate giants Amazon (Nasdaq: AMZN), Berkshire Hathaway (NYSE: BRK.A) and JPMorgan Chase (NYSE: JPM). The appointment of 52-year-old Gawande is effective July […]
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,” […]
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 […]
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 […]