National Health Investors (NYSE: NHI) will not be “changing its stripes,” but its new CEO is aiming for growth by putting boots on the ground in new regions and being more proactive about opportunities in the real estate investment trust’s own backyard. Portfolio diversification is another goal, as the new leader is exploring what he terms […]
Eric Mendelsohn will be the next president and CEO of National Health Investors Inc. (NYSE: NHI), the Murfreesboro, Tennessee-based real estate investment trust announced Monday. Mendelsohn has served as interim president and CEO since his predecessor, Justin Hutchens, departed the company in August in a high-profile move to HCP Inc. (NYSE: HCP). After nine years […]
In yet another demonstration of the huge scale Brookdale Senior Living (NYSE: BKD) achieved by acquiring rival Emeritus last year, the company seized the No. 1 spot—with a bullet—on the American Seniors Housing Association’s annual rankings of the largest senior housing owners in the United States. Brentwood, Tennessee-based Brookdale now owns 976 properties, totaling 82,356 […]
With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]
After a period of turmoil with its largest tenant and shaky investor confidence, the leader of HCP Inc. (NYSE: HCP) says that the giant senior housing real estate company has righted the ship and is “sailing confidently.” But in what direction is CEO Lauralee Martin taking the company, exactly? A high-profile addition to the C-Suite […]
National Health Investors (NYSE: NHI) President and CEO Justin Hutchens is switching roles in the senior housing investor playing field, announcing his resignation today to join HCP, Inc. (NYSE: HCP) as the company’s chief investment officer for senior housing and care. Hutchens’ resignation, effective August 11, also includes the resignation from his position as a member […]
HCP’s Lauralee Martin Joins Urban Land Institute Board The Urban Land Institute (ULI), a nonprofit education and research institute based in Washington D.C., has welcomed new members to the ULI Board of Directors and ULI Operating Committee, as well as new ULI Trustees, all of whom started serving their terms July 1, 2015. Among the organization’s new […]
Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled nursing giant may use the proceeds in part to increase its involvement in the private pay retirement community sector […]
Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have closed their previously announced portfolio acquisition of 35 private-pay senior housing communities from Chartwell Retirement Residences for $847 million. Brentwood, Tennessee-based Brookdale has operated the portfolio, which includes 5,025 units, since 2011 after its acquisition of Horizon Bay, and will continue to manage the […]
HCP’s CIO Steps Down; CEO Steers Battleship Into Unchartered Seas—Paul Gallagher has stepped down, and now HCP could replace the former chief investment officer with multiple new positions, CEO Lauralee Martin suggested in an interview with Forbes contributor Brad Thomas. And, Thomas writes: “… HCP could be setting itself up for a similar spin [as […]
