Publicly traded and private real estate investment trusts are entering into RIDEA structures with senior housing operators at a level not seen for at least three years. This reflects that REITs have a better understanding of how RIDEA works, after an initial flurry of activity a decade ago, and they are more selective with their […]
HCP
New Senior Investment Group (NYSE: SNR) appointed Justin Hutchens to its board of directors, the New York City-based health care real estate investment trust announced Wednesday. His appointment is effective immediately, New Senior said in a statement. Hutchens is currently chief executive officer of HC-One, one of the largest care home operators in the United […]
Bridgewood Property Company has quietly become a regional force in senior living with a “steady as she goes” approach to development and operations. The Houston-based company has developed 34 communities since its founding, founder and president Jim Gray told Senior Housing News. Its current portfolio of 22 properties in Texas, Oklahoma and Arkansas, totaling 2,600 […]
With its senior housing portfolio makeover largely in place, HCP (NYSE: HCP) is now turning its attention to triple-net leases that are coming up for renewal and adding to its RIDEA relationships. The Irvine, California-based health care real estate investment trust discussed its plans before an audience at the NAREIT 2019 Investor Conference in New […]
National Health Investors (NYSE: NHI) is strengthening its relationship with Discovery Senior Living. The Murfreesboro, Tennessee-based health care real estate investment trust announced a $128.4 million joint venture with the Bonita Springs, Florida-based provider to acquire six properties in Indiana, Maryland and Pennsylvania. NHI is also committed to a $6 million senior mortgage for an […]
HCP Closes on Upsized $2.5B Credit Facility, New $250M Loan Facility Irvine, California-based health care real estate investment trust HCP (NYSE: HCP) closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility and a new $250 million unsecured term loan facility. The amendment and restatement extended the maturity date […]
Eight months after announcing it was “back to playing offense,” HCP (NYSE: HCP) made good on that promise during its Q1 2019, highlighted by a flurry of acquisition activity. “With our transition plan behind us, our cost of capital has improved and we are growing the company again,” HCP Chief Investment Officer Scott Brinker said […]
HCP (NYSE: HCP) has inked a $445 million deal to acquire nine senior housing communities operated by Discovery Senior Living as part of a flurry of recent activity. The Irvine, California-based real estate investment trust (REIT) also acquired three Oakmont Senior Living buildings and has expanded its RIDEA partnerships with Oakmont and Sunrise Senior Living. […]
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 […]
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 […]