Following bleak fourth quarter earnings, executives at the largest senior living provider in the nation are predicting a gloomy 2017. A rumored takeout by a private equity buyer was the backdrop for the earnings, which likely increased pressure on Brookdale Senior Living (NYSE: BKD) to get a Read More »
Assisted Living Slumps, Independent Living Thrives for HCP
Echoing rival Ventas Inc. (NYSE: VTR), real estate investment trust HCP Inc. (NYSE: HCP) revealed on Monday that it’s feeling the heat from new senior living supply. New construction is particularly impacting the company’s assisted living portfolio, HCP President Justin Hutchens said during the company’s fourth-quarter Read More »
Ventas Delivers ‘Warning Shot’ Over Continued Oversupply Pressures
After breaking into the hospital and life science sector last year with a $1.5 billion splash, Chicago-based real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) appears to be poised for a slower year for its senior living business. Citing more new supply expected to hit Read More »
[Updated] Welltower CEO DeRosa Extends Contract, CIO Brinker Departs
![[Updated] Welltower CEO DeRosa Extends Contract, CIO Brinker Departs](https://309qet1ukjf527mmri3dsc8k-wpengine.netdna-ssl.com/wp-content/uploads/2017/01/Screen-Shot-2017-01-04-at-8.56.47-AM-300x158.png)
As part of a reorganization of top leadership at Welltower (NYSE: HCN), Thomas DeRosa is set to remain CEO of the Toledo, Ohio-based health care real estate investment trust (REIT) through April 2020, while Chief Investment Officer Scott Brinker will leave the company effective Jan. 3. The Read More »
Senior Housing Shares Rally After Trump Win, REITs Take Hit
After a long evening of counting votes on Tuesday, Donald Trump was declared as the next President of the United States. The impacts of a Trump presidency will soon be known, but Tuesday night fears swirled around a potential market collapse as Trump’s imminent victory created Read More »
HCP Starts Recovery After ‘Major Surgery’
After engaging in a “complex and multifaceted journey” to recovery, one of the biggest health care real estate investment trusts (REITs) has reached a turning point with its recent accomplishments and is ready to move forward. HCP Inc. (NYSE: HCP) completed its spinoff of Quality Care Read More »
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 Read More »
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 Read More »
Editor’s Picks: Brookdale’s Big Sale
This week, Senior Housing News readers were among the first to know that Brookdale Senior Living (NYSE: BKD) sold a 44-property seniors housing portfolio for about $253 million. Readers also learned about an owner of multiple home health and senior living facilities who committed $1 Read More »
Brexit Aftershocks Reverberate Through Senior Housing
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 Read More »