Welltower’s (NYSE: WELL) senior housing portfolio performance continued to pace strong earnings in the second quarter of 2019 — a period marked by a flurry of transactions. Leadership of the Toledo, Ohio-based real estate investment trust put those deals in greater context during Wednesday’s earnings call. They were approached by a buyer who offered attractive […]
Green Street Advisors
After a few brutal years for standalone memory care, supply pressures are easing and occupancy is ticking up. But a rebound will be gradual, as hard-hit companies in the space try to reset, and owners and operators glean lessons from this recent period of distress. Construction of freestanding memory care communities peaked in the fourth […]
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 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 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 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. […]
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 […]
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 […]
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 the market in 2017, Ventas executives said during a year-end […]
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 […]