Discovery Senior Living had a landmark year in 2019, hiring its first COO, making strides on an “experiential living” model, and striking major deals with real estate investment trusts Welltower (NYSE: WELL), HCP (NYSE: HCP) and NHI (NYSE: NHI). Memory care has been another major focus, and the Bonita Springs, Florida-based provider recently announced that […]
Better supply-demand dynamics helped Brookdale Senior Living (NYSE: BKD) turn its recent occupancy trends positive — and the company is betting that these conditions will persist into the years ahead, leading it to release a five-year outlook. However, the immediate picture is still mixed. The nation’s largest senior living provider was hit by high labor […]
After three years of effort to reposition its leadership, investment strategy and portfolio, the time finally came for real estate investment trust HCP to take on a whole new identity. The company will be known as Healthpeak (NYSE: PEAK) going forward. “Today marks the beginning of a new chapter in our history,” CEO Tom Herzog […]
Irvine, California-based health care real estate investment trust HCP announced it is changing its name to Healthpeak Properties on Wednesday, along with several leadership changes. The new name will take effect immediately. The company is also changing its New York Stock Exchange ticker logo to PEAK. That change will take effect on Nov. 5. Healthpeak’s […]
Brookdale Senior Living (NYSE: BKD) has inked several new transactions with HCP (NYSE: HCP) that both companies say better position them for the future. The multiple transactions will see Brookdale assume ownership of an 18-property leased portfolio for $405 million, step away from a joint venture and reconfigure lease obligations, the companies announced Tuesday. The […]
Mercedes Kerr did not speak English when she started middle school in the United States, after moving from Mexico to Texas with her family. “It was sink or swim,” she says, of being dropped off at school in Houston for her first day. The challenge of quickly learning a language and adjusting to a new […]
Discovery Senior Living is adding to its executive leadership by naming its first COO, the latest move in a period of rapid growth for the Bonita Springs, Florida-based company. Discovery hired Bill Sciortino for the newly created role. He was most recently in the same role at Chicago-based luxury senior living developer, owner and operator […]
After closely analyzing every one of its senior housing assets, real estate investment trust HCP (NYSE: HCP) has hit the accelerator to create a portfolio that will outperform the broader industry in the coming years. “It’s hard to predict too far into the future in senior housing, just given the uncertainty about continued new supply […]
HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]
James F. “Jay” Flaherty III may be making a return to senior living, if Land & Buildings Investment Management has its way. The Stamford, Connecticut-based real estate investment firm will nominate Flaherty, along with L&B founder and Chief Investment Officer Jonathan Litt, to the board of directors of Brookdale Senior Living (NYSE: BKD) at the […]
