Welltower Inc. (NYSE: WELL), one of the largest owners of senior housing properties in the United States, has reached an agreement to acquire another major player in the sector, Quality Care Properties (NYSE: QCP), in a $1.95 billion all-cash deal. Under this deal, Welltower will own the real estate of major post-acute provider and former […]
Brookdale Pays $75 Million for California Property Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) paid about $74.5 million to acquire the real estate of Palm Beach Gardens, a 317-unit property in Palm Beach, Florida. That equates to about $235,000 per unit, according to The Real Deal, which reported on details of the transaction, citing property […]
Two dozen senior living communities owned by real estate investment trust (REIT) HCP Inc. (NYSE: HCP) are getting a new operator, transitioning from Brookdale Senior Living (NYSE: BKD) to Atria Senior Living. Brentwood, Tennessee-based Brookdale is the largest senior living provider in the nation, and has been facing financial and operational challenges since its 2014 […]
Kai Hsiao, the CEO of recently formed management company Eclipse Senior Living, is aiming to create a tech-forward operating platform and ultimately attract a more diverse group of consumers to senior housing. And Eclipse is off to a quick start, thanks in part to its connections with two big names in the industry: Holiday Retirement […]
NIC Bolsters Board of Directors The National Investment Center for Seniors Housing & Care (NIC) has named David Nash and Mike McCurry to its board of directors, according to a press release. Nash is the dean of the Jefferson College of Population Health at Jefferson University in Philadelphia, while McCurry is the executive vice president […]
Senior housing owners and operators saw their share prices slide on Monday as the markets plunged, with the Dow Jones industrial index posting its largest-ever intraday decline of nearly 1,600 points. Toldeo, Ohio-based Welltower Inc. (NYSE: HCN) finished the regular trading day down 3.28%, Chicago-based Ventas Inc. (NYSE: VTR) posted a decline of 2.67%, and […]
Mike McKee, current executive board chairman and former interim CEO of HCP Inc. (NYSE: HCP), will be retiring, the real estate investment trust (REIT) announced Monday. McKee, who joined HCP’s board in 1989, will step down from the executive chairman role effective March 1. He will remain with the Irvine, California-based company in a consulting […]
K4Connect Enters Into Strategic Partnership with Dude Solutions North Carolina-based K4Connect recently announced real-time work order integration with TheWorxHub by Dude Solutions, a provider of cloud-based operations management solutions also based in North Carolina. Accordingly, TheWorxHub by Dude Solutions will be integrated into K4Community, which is K4Connect’s flagship product specifically designed for senior living operators and residents. […]
Welltower Inc. (NYSE: HCN) wants to expand its joint ventures with operating partners, to capture some of the financial upside from communities that are outperforming their local markets. But don’t expect the real estate investment trust (REIT) to partner with Brookdale Senior Living (NYSE: BKD) on these types of JVs, at least any time soon. […]
Quality Care Properties (NYSE: QCP) — the real estate investment trust that spun off from HCP Inc. (NYSE: HCP) last year — has started the legal process for transferring its many HCR ManorCare skilled nursing, assisted living, and memory care properties into the control of an independent receiver. Toledo, Ohio-based ManorCare operates more than 500 skilled […]
