Global private equity firms have been having a field day lately, making big investments in senior housing in the United States and other nations. Both China-based Cindat Capital Management and New York-based Blackstone Group (NYSE: BX), for instance, have placed bids for a 50% stake in the senior housing business of Sydney, Australia-based LendLease Group, Bloomberg […]
HCP Inc.
Happy Monday! It’s a busy time in the senior housing industry as public companies begin to share their latest financial results. It’s also a busy time in “funny hat” news, due in part to one half of an athletic elderly couple. Here’s what you may have missed last week: HCP Inc. (NYSE: HCP) is on […]
HCP Inc. (NYSE: HCP) is on the hunt, once again, for new executives. Last year, the Irvine, California-based health care real estate investment trust (REIT) had planned to launch ‘HCP 3.0’ with a series of promising new hires—but achieving that has involved HCP going “3 or 4 steps forward, 1 step back,” Executive Chairman Mike McKee said Tuesday on an […]
Happy Monday, Senior Housing News readers! Hopefully your weekend was filled with something other than taxes. Here’s a recap of some of the stories SHN covered last week: We published the first installment of SHN’s “Confessions” series, where an anonymous architect talked about senior living clients’ worst habits, the hype around innovation, and how to […]
For the second time in three months, The Federal Reserve raised its benchmark interest rate Wednesday. Share prices for senior housing real estate investment trusts (REITs) rallied following the news. The announcement Wednesday will result in a short-term rate increase to 0.75% and 1% for the federal funds rate, up from the current range of […]
After a year marked by up-and-down transaction volume, senior housing real estate investment trusts (REITs) may be gearing up for a buying rebound in 2017—but don’t expect them to acquire Brookdale Senior Living (NYSE: BKD). That’s one prediction for what the year ahead will hold for the big three health care REITs, Ventas Inc. (NYSE: VTR), […]
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 […]
HCP Board Officially Elects New CEO, President After making the announcement in November, the HCP Inc. (NYSE: HCP) board of directors officially elected Tom Herzog as a board member and CEO, and Justin Hutchens as the company’s president. Both elections were effective Jan. 1. Herzog previously served as CFO since rejoining the company in June, and […]
Amid greater uncertainty following the results of a tumultuous national election, health care real estate investment trusts (REITs) may be a bright spot among other real estate sectors. Just as they fared well during the recession thanks to their demand-driven real estate assets, health care REITs, including the “Big 3”—Welltower (NYSE: HCN), Ventas (NYSE: VTR) and […]
This year, industry news was dominated by the largest senior living operator in the nation, Brookdale Senior Living (NYSE: BKD). It’s not surprising that the industry behemoth generates a lot of reader interest, but the Brentwood, Tennessee-based provider created a lot of news this year with its ongoing efforts to find the formula for success […]