Tensions are mounting between Welltower (NYSE: HCN) and its former chief investment officer, Scott Brinker. The Toledo, Ohio-based health care real estate investment trust (REIT) filed an amended complaint against Brinker on July 7, alleging he committed a variety of wrongdoings after leaving the company in January 2017. The complaint also painted industry rival HCP Inc. […]
HCP
HCP Names New Senior Vice President and Chief Accounting Officer California-based real estate investment trust (REIT) HCP (NYSE: HCP) named Shawn Johnston to the role of vice president and chief accounting officer, the company announced. Johnston starts his new job on Aug. 15. Johnston is replacing HCP’s current Chief Accounting Officer, Scott Anderson, who is […]
It should come as no surprise that leaders of the largest publicly traded real estate investment trusts in senior housing—and the nation’s largest provider—topped this list of highest paid senior living executives in 2016. Company leaders at Welltower (NYSE: HCN), Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation in 2016, which includes base salary, […]
Happy Monday! Here’s last week’s most-read news: HCP Inc. (NYSE: HCP) hired Scott Brinker as its new chief investment officer, and Welltower (NYSE: HCN) responded to the appointment with a lawsuit. Not-for-profit post-acute providers in Illinois have a plan to go up against Symphony Post Acute Care Network—and other for-profits— and win. Tana Gall, CEO […]
HCP Inc. (NYSE: HCP) has added a familiar face as its chief investment officer—but a former employer of the new executive has responded to the appointment with a lawsuit. HCP’s plans are for Scott Brinker to join the Irvine, California-based real estate investment trust (REIT) as its executive vice president and CIO, effective Jan. 4, 2018. Brinker will report […]
After serving as chief operating officer at Senior Lifestyle for just over a year, Lisa Fordyce is no longer with the Chicago-based provider. Fordyce’s resignation is effective as of April 4, Senior Lifestyle confirmed to Senior Housing News. The company’s current Executive Vice President and Chief Administrative Officer Justin Robins will serve as Interim COO. “This […]
It has been far from smooth sailing for Quality Care Properties (NYSE: QCP) since its spin-off from HCP Inc. (NYSE: HCP) last year. It was no secret that QCP was formed to take a troubled tenant, skilled nursing provider HCR ManorCare, out of HCP’s portfolio. But on Friday, QCP released bleak new financial information about Toledo, […]
Health care real estate investment trusts (REITs) underwent major refocusing last year, creating skilled nursing cast-offs, spinoffs and pure plays. Now, skilled nursing has slipped away from senior housing-focused REITs and is up for another year of challenges. While the rest of the health care system inches toward integration amid the ongoing shift toward value-based care, […]
Four months after becoming president of HCP Inc. (NYSE: HCP), Justin Hutchens has decided to leave the major senior housing real estate investment trust (REIT) to become CEO of HC-One, one of the largest care home operators in the United Kingdom. Hutchens will remain at HCP through June 1, the Irvine, California-based company announced Monday morning. “Though […]
KeyBank Provides $703 Million for Blackstone’s 64-Community Senior Housing Acquisition KeyBank Real Estate Capital’s Healthcare platform recently provided a $703 million financing package to a joint venture led by Blackstone (NYSE: BX) that purchased a senior housing portfolio with 64 communities from HCP, Inc. (NYSE: HCP). The portfolio is made up of 5,973 units in […]
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