An executive swap at the top and interest rate uncertainty surrounding Fed comments contributed to a slower second half of 2013 investments for HCP, Inc. (NYSE: HCP), ultimately leading to a reduced 2014 outlook. Despite HCP beating fourth quarter sales expectations by nearly $20 million, the company downgraded its outlook for 2014 following its earnings […]
HCP Inc.
The recently departed former CEO of senior housing and healthcare REIT HCP (NYSE: HCP) is making a new foray into health care real estate through a burgeoning partnership with NorthStar Realty Finance. Jay Flaherty, HCP’s former CEO who left the position abruptly in October, will work with NorthStar in a “long-term partnership to build a […]
HCP, Inc.’s (NYSE:HCP) Chairman and CEO Lauralee Martin discussed the impacts of rising rates, international investment opportunities, competitor Ventas (NYSE: VTR) and other potential headwinds facing healthcare-focused real estate investment trusts in 2014 in a interview with Seeking Alpha. The former executive at Jones Lang LaSalle (JLL) assumed her leadership role at HCP following the […]
Next year’s senior housing acquisition landscape is looking more favorable for company-to-company deals compared to the past year, but time for sellers to arrange favorable blockbuster deals is running low, some analysts say. Financial services firm Stifel Nicolaus met with management-level executives for 11 publicly traded REITs and two nontraded REITs all focused on the […]
Top senior housing buyers are touting acquisition strategies fueled by relationships rather than relying on marketed properties that are often characterized by low cap rates and fierce competition. While the strategy was initially born out of many healthcare real estate investment trusts’ desire to “lock up” the best senior housing operators and become their capital […]
HCP (NYSE: HCP) reported strong operating results for the third quarter with funds from operations adjusted per share up 14% to $0.79 and FFO per share up 9% to $0.73 per share. Net income attributable to common shares was $233 million during the quarter, up from $196 million in the third quarter of 2012. The company […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers this week: 1. HUD Releases Government Shutdown Contingency Plan—The Department of Housing and Urban Development informed lenders it would keep vital functions running within the department through the government shutdown, but that multifamily and health care loans not already […]
The board of directors of HCP Inc. (NYSE:HCP) announced Thursday it has fired chairman, president, and CEO James Flaherty III and elected Lauralee Martin to the position of president and CEO. The board also elected Michael McKee, HCP’s lead director, as non-executive chairman. HCP is the largest healthcare real estate investment trust in terms of market […]
Senior housing-focused real estate investment trusts may have found the sweet spot for RIDEA exposure, says an S&P analyst who cited the structure’s risk factor as a component to why some REIT portfolios could be at their limit. Two out of the ‘big three’ REITs in particular—Ventas (NYSE:VTR) and Health Care REIT (NYSE:HCN)—have grown their […]
For the second consecutive year, HCP, Inc. (NYSE: HCP) has been named the global and North American leader for the healthcare sector by the Global Real Estate Sustainability Benchmark (GRESB). An investor-driven organization committed to rigorous and independent evaluation of the sustainability performance of real estate portfolios, GRESB’s report is based on data gathered from […]
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