Tuesday began with one major senior housing provider warning of historic levels of new competition in certain markets, and ended with another prominent provider telling a different story. Brookdale Senior Living (NYSE: BKD), the nation’s largest senior living provider, blamed bad third-quarter financial results largely on “unprecedented” levels of new competition in secondary markets. But […]
Brookdale
HCP Inc. (NYSE: HCP) is selling a portfolio of 64 properties leased to Brookdale Senior Living (NYSE: BKD) to affiliates of Blackstone Real Estate Partners VIII L.P. and Columbia Pacific Advisors for $1.125 billion. This was the headline deal among several transactions announced Tuesday by Irvine, California-based real estate investment trust (REIT) HCP and its […]
This week, while temperatures dropped in the Windy City, our readers were hot on the latest happenings across the senior housing industry. Readers wanted to know about a new entrant in the space with a multifamily background and how nonprofits are keeping up with the competition. Here in the newsroom, we were into the plans […]
Hurricane Matthew hit parts of Florida, South Carolina and North Carolina over the Columbus Day weekend, and senior housing providers in the storm’s path executed on plans to keep residents out of harm’s way. Hurricane Matthew hit in Haiti last week, where it killed an estimated 800 people before heading toward Florida. The storm spared Central Florida a direct […]
This coverage of the 2016 National Investment Center for Seniors Housing & Care Fall Conference is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which draws […]
Leader Tapped for Berkadia’s New Investment Sales Platform Berkadia is launching an investment sales platform within its Seniors Housing and Healthcare Group, and has named Senior Director Jason Krug to lead. Krug is based out of the Detroit office of Berkadia, which is a joint venture of Berkshire Hathaway and Leucadia National Corporation, and offers […]
Two of the leaders behind the ascension of Brookdale Senior Living (NYSE: BKD) to mega-provider have teamed up again, acquiring a portfolio of independent living properties for $180 million. The joint venture reunites John Rijos, a former co-president and COO of Brookdale, and Bill Doniger, former Brookdale board member and former managing director at Fortress […]
The nation’s largest senior living provider has scaled down at least a bit, entering into an agreement to sell a portfolio of 44 communities for an aggregate price of $252.5 million. The Brookdale Senior Living (NYSE: BKD) buildings represent 1,874 assisted living units and 579 memory care units and are spread across 12 states, the Brentwood, […]
Markets around the world were reeling Friday on the news that the United Kingdom intends to leave the European Union, raising major questions about impacts to global business—including senior housing. The potential good news is that senior housing as an industry might be essentially unscathed by any large-scale economic disruption following the so-called “Brexit,” experts […]
By spinning off troubled skilled nursing assets, HCP Inc. (NYSE: HCP) leaders said the company can dedicate more time and attention to its senior housing business—and the major real estate investment trust is wasting no time in making moves on this front. Specifically, the Irvine, California-based company has brought on board the former CEO of the nation’s […]
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