HCP Expects More Even Split Between Triple-Net, RIDEA in 2019

With its senior housing portfolio makeover largely in place, HCP (NYSE: HCP) is now turning its attention to triple-net leases that are coming up for renewal and adding to its RIDEA relationships. The Irvine, California-based health care real estate investment trust discussed its plans before an audience at the NAREIT 2019 Investor Conference in New […]

Capital Senior Living Reportedly Rejected Multiple Bids from TPG

Capital Senior Living (NYSE: CSU) rejected several acquisition overtures from private equity firm TPG during recent months, Bloomberg reported Friday. Bloomberg cited unnamed sources with knowledge of the matter. TPG and Capital Senior Living declined to comment for this article. Shares of Capital Senior Living were up 19.44% as of mid-day Friday, trading at $4.30 […]

Capital Senior Living Execs Tout Early Signs of Stabilization

Capital Senior Living’s turnaound plan is showing initial signs of success, rooted in a foundation of improved local operations and strategic dispositions, President and CEO Kim Lody said during the Dallas-based operator’s Q1 2019 earnings call Thursday morning. “We are now organized for success,” Lody said. Capital posted $114.2 million in total revenue in the […]

Capital Senior Living Shareholder Protests Lack of Board Changes

A vocal shareholder of Capital Senior Living (NYSE: CSU) is once again expressing dissatisfaction with the Dallas-based senior housing operator’s board of directors. The shareholder, Cove Street Capital, in January called for “commensurate change” within the company’s board of directors, after Capital Senior Living named a new CEO, Kimberly Lody. At that time, Cove Street […]

Senior Living Providers Target Better Blend of Hospitality, Health Care

In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]

Capital Senior Living Shakes Up C-Suite, Operations After Poor Q4 Earnings

In the wake of poor quarterly earnings, Capital Senior Living (NYSE: CSU) assumed full responsibility for its 2018 struggles, made some major changes to its executive team and has made improving its operations and balance sheet an immediate priority. The Dallas-based senior housing operator did not sugar coat its Q4 2018 earnings during a conference […]

Transactions & Financings: MedCore Buys $98 Million Portfolio; Walker & Dunlop’s $43 Million Financing

MedCore Partners completes $98 million portfolio acquisition in Utah, Arizona MedCore Partners, along with SunTrust Bank and Trinity Private Equity Group, acquired a 409-unit assisted living and memory care portfolio in four markets across Arizona and Utah. The total acquisition cost was $98 million. The communities include assisted living and memory care assets: Caliche Senior […]

Capital Senior Living Shareholder Pushes for Board Changes

A change in top leadership at Capital Senior Living (NYSE: CSU) has not silenced one of the Dallas-based senior housing operator’s shareholders. Cove Street Capital is calling for “commensurate change” in the Dallas-based company’s board of directors. Capital Senior Living is one of the country’s 10 largest providers in the industry, and operates 129 communities […]

[UPDATED] Capital Senior Living Names Kimberly Lody as New President, CEO

Capital Senior Living (NYSE: CSU) has appointed a successor to retired CEO Larry Cohen. Lody’s first priorities with the company will include improving its operating performance, growing occupancy, stabilizing rates and strengthening its financial position. Kim Lody The Dallas-based senior living operator’s board of directors named Kimberly S. Lody as president and CEO, effective immediately. […]