Fitch: REITs Poised for a Solid 2017

Despite higher interest rates on the way, equity real estate investment trusts (REITs) are likely to be on solid footing in 2017, according to a recent report. This means the market outlook is good for several REITs with senior housing portfolios, including the industry’s “Big Three” health care REITS— HCP Inc. (NYSE: HCP), Ventas Inc. […]

Chinese Firm to Buy Stake in Canadian Provider for Reported $744 Million

Chinese investors have played major roles in recent blockbuster senior housing deals in the United States, and now the action is spreading north of the border. Beijing-based Anbang Insurance Group is poised to buy a majority stake in Vancouver-based Retirement Concepts for a reported $744 million. While confirming the deal is underway, Retirement Concepts has […]

How State Elections Are Influencing Senior Housing

In addition to the presidential election that took place on Nov. 8, the public also cast their votes on many new laws and officials that will force change on the state level—including for senior housing. There were 44 states that held legislative elections and 86 of 99 chambers were up for election. Industry association Argentum […]

Foreign Investors, Private Equity Snapping Up Senior Housing Real Estate

With strong tailwinds buoyed by promising demographics, the U.S. senior housing industry has become very attractive not only to the traditional buyers of health care real estate, but also increasingly to private equity and overseas investors. As health care real estate investment trusts continue to make strategic dispositions and refocus their portfolios, foreign capital is seizing acquisition […]

Birth of a REIT: Taking Stock of HCP and Its Spin Off

The skilled nursing spin-off of real estate investment trust HCP Inc. (NYSE: HCP) officially has been completed and is set to begin regular trading on Nov. 1. While early trading will send some signals about what investors think of the spin-off, the success for Irvine, California-based HCP and its new entity, Quality Care Properties (QCP), will be determined […]

CCRCs’ Capital Spending Hits Post-Recession High

Recently, owners of continuing care retirement communities (CCRCs) have been spending more money than usual to expand and keep their existing communities looking fresh. In fact, capital spending for CCRCs in the United States has reached its highest level since the Great Recession, according to a new report from Fitch Ratings. Median capital spending for CCRCs […]

Under Pressure, REITs Back Off Skilled Nursing

Payment reforms have made their sting across the health care industry, with the skilled nursing market taking a hit. And some of the senior housing industry’s biggest real estate owners of skilled nursing properties have started reducing their portfolio exposure in the asset class as a result. Despite the shift in the attractiveness of skilled […]

Why the REIT Sector Could Get a $100 Billion Boost

Real estate investment trusts (REITs) have gained so much momentum as a major force in real estate, they are being put in their own sector in an important investment classification tool and could be in for a capital boost from all the attention. Following market close on August 31, equity REITs were reclassified as their […]

Nurse Wage Pressures to Tighten Senior Living Margins

The senior living industry is currently facing its fair share of wage-related hurdles, from minimum wage hikes to overtime regulations. Soon, senior living margins may be further tightened by nursing industry wage pressures. Specifically, a rise in registered nurse salaries could soon pressure the operations costs of some senior living companies and nonprofit hospitals, according to Fitch […]

Senior Housing Finance Activity: Ziegler, Kindred

Ziegler Closes $34.49 Million Bond Issue on Behalf of UMRH Chicago-based speciality investment bank Ziegler announced the successful closing of the $34,485,000, tax-exempt, fixed-rate Series 2016A Bond issue on behalf of The United Methodist Retirement Homes (UMRH). UMRH, a Life Care Services partner since 2000, is a multi-site operator of three continuing care retirement communities […]