Alliance Residential Launches $1 Billion Senior Living Pipeline

A new entrant in the high-end senior living development space plans to rapidly become a major player in some of the nation’s most competitive markets, thanks to the leadership of an industry veteran and the resources of a long-established multifamily housing company. Alliance Residential Company — a national multifamily acquisitions, construction and management company with […]

HCP: Bullish on Brookdale Joint Venture and Ready for Growth

Real estate investment trust HCP Inc. (NYSE: HCP) is undeterred by recent lackluster results from Brookdale Senior Living (NYSE: BKD), and is growing its continuing care retirement communities joint venture with the provider, company officials said in an earnings call Tuesday. A $1.2 billion strategic joint venture with Brookdale Senior Living (NYSE: BKD) was the […]

Brookdale Prodded to Spin Off Real Estate [Updated]

Sandell Asset Management Corp., a shareholder of Brookdale Senior Living (NYSE: BKD), is pushing the industry’s largest senior housing provider to spin off its real estate into a real estate investment trust (REIT). The New York-based firm today released a letter and a white paper to Brookdale, requesting the separation of the Brentwood, Tennessee-based provider’s […]

Brookdale Off to Rocky Start Post-Merger

Big growth doesn’t come easy. Brookdale Senior Living (NYSE:BKD) knows all too well. After offering a preliminary glimpse into the company’s financials for the fourth quarter last week, Brookdale today released further insight into its performance, reiterating many of the same factors that have increased expenses and led to a 70 basis point drop in […]

Brookdale Banks on Renovating 150 Emeritus Communities in 2015

As Brookdale Senior Living (NYSE: BKD) continues to work through its post-merger growing pains, the company has big plans to renovate more than 150 former Emeritus communities this year. In its second earnings-related announcement since completing the $2.8 billion merger with Emeritus, Brookdale today reported its anticipated preliminary financial results for the fourth quarter ending December […]

Most Read: Emeritus Co-Founder on What’s Next

In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week.  Please note: SHN will be observing the Martin Luther King Jr. holiday on Monday, January 19. We will resume our daily news schedule on Tuesday, January 20. Wishing our readers a happy long weekend.  Q&A: Emeritus Co-Founder […]

The Biggest Senior Housing Deals of 2014

The year in review for the senior housing mergers and acquisition market could be characterized by several traits, primarily the insatiable appetite among investors nurtured by billion-dollar blockbuster transactions. Both publicly- and non-traded REITs, private equity firms, as well as other operators were the players, acquiring senior housing and health care real estate and an […]

Brookdale Begins to Feel the Growing Pains Post-Emeritus Merger

The senior housing industry’s first blockbuster merger might be complete, but the integration of Brookdale and Emeritus is creating significant challenges for the nation’s largest provider. In the first earnings release since its completion of a $2.8 billion merger with Emeritus and a $1.2 billion joint venture with HCP, Brookdale Senior Living (NYSE: BKD) says the […]

Brookdale Community Name Changes Continue in Kansas City, Post-Merger

Months following completion of the merger between Brookdale and Emeritus, the nation’s now-largest senior living provider is continuing to grow its brand presence by changing the names of nine Kansas City-area communities, the company announced this week.  Brookdale Senior Living (NYSE: BKD) will change the name of its Grand Court Kansas City community, along with eight […]

Movers & Shakers: Ventas Names New CFO

Ventas Names New Chief Financial Officer Ventas, Inc. (NYSE: VTR) has named Robert F. Probst as executive vice president and chief financial officer.  Probst will assume his position in October and work with retiring Ventas CFO Richard A. Schweinhart through the transition. In his position, Probst will be a member of the Ventas executive leadership […]