Senior Living NOI Predicted to Dip in 2018

Real estate investment trusts (REITs) with senior housing operating (SHOP) portfolios will probably see a decline in their SHOP net operating incomes this year, sector experts believe. Specifically, SHOP will likely see net operating income (NOI) decline 1% in 2018, according to Newport Beach, California-based real estate research firm Green Street Advisors. The dip will likely […]

Senior Living Rental Rates to Hold Steady Despite Occupancy Challenges

Senior housing occupancy is expected to get worse before it gets better, though rental rates are anticipated to remain steady through it all, according to market analysts at Green Street Advisors. In terms of market revenue per available foot (M-RevPAF)—a metric combining changes in rents with changes in occupancies—senior housing is anticipated to fare better […]

Senior Housing Penetration Predicted to Rise to 12.5% in 2025

Senior housing penetration rates are bound to increase over the next dozen years and there are ways providers can help speed up the process, according to experts. The current senior housing penetration rate stands at 11.7%, according to a newly released report from Newport Beach, California-based real estate research firm Green Street Advisors. In this case, […]

Welltower Bullish on Senior Housing JVs After Stellar Results

Welltower Inc. (NYSE: HCN) wants to expand its joint ventures with operating partners, to capture some of the financial upside from communities that are outperforming their local markets. But don’t expect the real estate investment trust (REIT) to partner with Brookdale Senior Living (NYSE: BKD) on these types of JVs, at least any time soon. […]

With Brookdale ‘In Teeth of the Storm,’ Takeout Chatter Continues

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 deal done. Brookdale leaders on Tuesday cited a number of factors […]

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 2016 earnings call on Monday.  The Irvine, California-based health care […]

[Updated] Welltower CEO DeRosa Extends Contract, CIO Brinker Departs

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 CIO role will be eliminated entirely following Brinker’s departure, according […]

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 a sharp initial downturn. By Wednesday morning however, the outlook is […]

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 Properties (NYSE: QCP)— its skilled nursing assets with troubled tenant […]