Irvine, California-based real estate investment trust (REIT) HCP (NYSE: HCP) expects to raise senior housing rents between 4% and 5% this year. The major senior living owner anticipates these increases due to increased wage and labor pressure, HCP President Justin Hutchens indicated during a presentation Monday at Citi’s 2017 Global Property CEO Conference in Hollywood, Florida. Perhaps surprisingly, HCP […]
HCP
Rumors of a potential sale of senior housing giant Brookdale Senior Living (NYSE: BKD) took another turn Thursday, as real estate investment trust (REIT) Ventas (NYSE: VTR) was said to be in talks to buy the company in whole or in part. The Wall Street Journal first reported the rumor, citing unnamed sources with knowledge of the […]
Echoing rival Ventas Inc. (NYSE: VTR), real estate investment trust HCP Inc. (NYSE: HCP) revealed on Monday that it’s feeling the heat from new senior living supply. New construction is particularly impacting the company’s assisted living portfolio, HCP President Justin Hutchens said during the company’s fourth-quarter 2016 earnings call on Monday. The Irvine, California-based health care […]
Senior housing investors soon may become more concerned about the portfolio mix of the largest real estate investment trusts (REITs), as market forces have begun to favor independent living more than assisted living. In particular, investors may become frustrated with the current practice of describing properties as “majority” assisted living or independent living, Green Street […]
Challenges facing the senior housing sector likely will eat into communities’ net operating income, but this may not deter real estate investment trusts (REITs) from continuing to pursue RIDEA transactions. “…There has been an ongoing shift among health care REITs to acquire higher quality properties in operating ownership structures, which has had a profound impact […]
Following a year of several high-profile leadership changes, HCP Inc. (NYSE: HCP) announced on Monday it has named Peter Scott as its new executive vice president and CFO, effective Feb. 13. Scott is set to replace Tom Herzog in the chief financial officer role. Irvine, California-based HCP, one the largest senior housing real estate investment […]
Rumors that private equity giant Blackstone Group is in talks to acquire Brookdale Senior Living (NYSE: BKD) circulated Tuesday afternoon. Shares of the nation’s largest senior living owner and operator surged, ending the trading day up nearly 15%. The talks are at an early stage and involve other suitors in addition to Blackstone, according to […]
As part of a reorganization of top leadership at Welltower (NYSE: HCN), Thomas DeRosa is set to remain CEO of the Toledo, Ohio-based health care real estate investment trust (REIT) through April 2020, while Chief Investment Officer Scott Brinker will leave the company effective Jan. 3. The CIO role will be eliminated entirely following Brinker’s departure, according […]
This year, industry news was dominated by the largest senior living operator in the nation, Brookdale Senior Living (NYSE: BKD). It’s not surprising that the industry behemoth generates a lot of reader interest, but the Brentwood, Tennessee-based provider created a lot of news this year with its ongoing efforts to find the formula for success […]
The highly anticipated start to 2017 is almost here and with a new Presidential administration stepping in, all industries are bound to be impacted, including senior housing. In the new year, many changes are expected to take hold in the industry, specifically around pricing, transaction volume and financing, according to experts who spoke on a Senior Housing News […]
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