Former HCN Chief Executive Chapman Launches ReNew REIT

George Chapman, the former CEO of real estate investment trust Health Care REIT—now called Welltower (NYSE: HCN)—is back in the senior housing game. Chapman has teamed up with some of his former HCN colleagues to launch ReNew REIT. The privately held company is based in Toledo, Ohio, and is focused on investing in private-pay independent […]

Mainstreet Primes the Pump for Next Mega-Deal

Mainstreet is at it again. One year ago, the Indiana-based post-acute developer closed on its massive partnership deal with Health Care REIT, now known as Welltower (NYSE: HCN). Now, Mainstreet is laying the same kind of groundwork that ultimately resulted in that $2.3 billion transaction. Specifically, Mainstreet is creating a new public company in Canada—Mainstreet […]

ALFA Rebrands as Argentum

The Assisted Living Federation of America (ALFA) has changed its name to Argentum, the association announced Tuesday. The board of directors voted to approve the name change and new logo for the association on Monday. ALFA will officially transition to the Argentum name and brand on Dec. 1 at its Chief Executive Summit in Scottsdale, […]

Movers & Shakers: Brookdale’s New Board Chairman

Brookdale Appoints New Director and Non-Executive Chairman of the Board Brookdale Senior Living (NYSE: BKD), the largest senior living operator in the U.S., announced that its Board of Directors has appointed Daniel Decker as Class I director and the non-executive chairman of the board in replacement of the late Granger Cobb, effective Oct. 1. “Dan is […]

[Updated] Health Care REIT’s New Name: Welltower

Health Care REIT (NYSE: HCN) President and CEO Thomas DeRosa announced Monday that the company—one of the largest owners of senior housing real estate in the country—will change its name to Welltower Inc. The renamed company will continue to trade its common and preferred stock under the New York Stock Exchange ticker symbol “HCN,” according to […]

3 Must-Have Technologies to Maximize Senior Housing Revenue

by Christian Sweetser Every business sector is searching for the opportunity to increase revenues. One solution that is currently being embraced by seniors housing is the eponymous revenue management approach pioneered by the airline industry in the 1970s. The computerized/mathematical functioning of the model is complex, but the concept is simple: by carefully orchestrating pricing […]

Senior Housing Finance Activity: Health Care REIT, CBRE

Health Care REIT Purchases $56.7 Million Fort Collins Complex  Health Care REIT (NYSE: HCN) purchased a senior living complex in southeast Fort Collins, Colorado for $56,740,000. The Ohio-based REIT bought the property, MacKenzie Place on Aug. 31, marking its eighth senior housing purchase in Colorado. The property is located at 4750 Pleasant Oak Drive and […]

Mainstreet’s Crowdfunding Investors See Quick 14% Return

Just more than a year after Indiana-based Mainstreet crowdfunded $1.6 million within a month toward a new senior living development, the property has been sold and investors have already seen a 14% return, but the developer isn’t sure if it’s a fundraising model likely to be used again. In April 2014, the short-term rehabilitation and […]