How HCP Plans to ‘Fix’ Its Senior Housing Portfolio

HCP’s (NYSE: HCP) senior housing portfolio underwent a transformation in the past two years. The Irvine, California-based health care real estate investment trust (REIT) now is ready to move from playing defense to being in a position to grow the business, despite market headwinds. But there are still some moves HCP needs to do in […]

HCP’s Senior Housing Portfolio Prepared for 2019 Headwinds

On the heels of a reshaping of its senior housing portfolio taking place over the course of the last two years, health care REIT HCP (NYSE: HCP) says it is prepared to ride out the headwinds associated with the transition. Despite being positioned for long-term success, the Irvine, California-based health care REIT said in announcing […]

Developer Douglas Wilson Partners with HCP, Milestone to Make Senior Housing Debut

Douglas Wilson Companies (DWC), a noted San Diego-based real estate developer, has officially entered the senior living game by opening Sienna at Otay Ranch, in partnership with two well-known names in the industry: Milestone Retirement Communities and HCP Inc. (NYSE: HCP). DWC plans to open additional senior living communities throughout the western U.S. over the […]

HCP Sells Silicon Valley Property to Google for $1 Billion

Last month, HCP (NYSE: HCP) announced during its third quarter 2018 earnings call that the company had a $1 billion deal in place to sell its Brittania Shoreline Technology Park in Mountain View, California. The buyer of the property has been revealed to be Google (NYSE: GOOG, GOOGL), according to Silicon Valley Business Journal. The Shoreline disposition […]

‘Barely Recognizable’ HCP Endures Painful Brookdale Transitions To Re-Make Portfolio

Last month, HCP (NYSE: HCP) President and CEO Tom Herzog declared the Irvine, California-based healthcare real estate investment trust (REIT) was “back to playing offense” after a nearly two-year makeover of its portfolio, executive team and board. Those plans came more into focus Wednesday during HCP’s Q3 earnings call. “The HCP of today is barely […]

Brookdale, REITs Talk Senior Housing Lease Strategies

In senior housing, the relationship between owner and operator is essential to unlocking a property’s revenue potential, flexibility throughout the terms of a lease and access to capital from lenders. Unlocking the opportunities within lease structures was the dominant theme during Day 2 of the National Investment Center for Seniors Housing & Care (NIC) fall […]

After 2 Years of Defense, HCP Is ‘Back To Playing Offense’ [UPDATED]

After a two year flurry of activity in which the REIT shed itself of poor-performing assets, reduced its exposure to Brookdale-operated properties and retooled its executive leadership, HCP (NYSE: HCP) announced it is ready for the future. “We have remade the company and we’re back to playing offense,” HCP President and CEO Tom Herzog said during […]

$428 Million Brookdale Portfolio to be Apollo’s Senior Living Investment Launchpad

Private equity giant Apollo Global Management plans to invest further in senior living after acquiring a portfolio of 22 properties currently managed by Brookdale Senior Living (NYSE: BKD), a person with knowledge of the deal told Senior Housing News. New York City-based Apollo is an alternative investment management firm that currently has about $247 billion […]

Transactions & Financings: Radiant Senior Living, CBRE

Radiant Senior Living Acquires 64-Unit Community in Idaho Radiant Senior Living recently acquired The Renaissance, a 64-unit assisted living and memory care community in Coeur d’Alene, Idaho. Radiant currently owns and operates 19 independent living, assisted living, and memory care communities in Washington, Montana, Oregon, Colorado, Nevada, and Idaho. Radiant is scheduled to start constructing […]