Healthpeak Bullish on CCRCs But Negotiating Potential Senior Housing Sales

Healthpeak Properties (NYSE: PEAK) offered its strongest indication to date that it is looking to trim from its senior housing operating portfolio (SHOP) and triple-net senior housing segments in order to maintain its status as a blue-chip real estate investment trust. Leadership has entertained inquiries in recent weeks from private equity firms interested in buying […]

Transactions & Financings: Healthpeak Selling Atria Property; Welltower Joins Renewable Energy Group

Healthpeak selling Kentucky property managed by Atria Senior Living Healthpeak Properties (NYSE: PEAK) agreed to sell Atria Blankenbaker, a personal care and independent living facility managed by Atria Senior Living, to Wickshire Senior Living, an operator based in Brentwood, Tennessee, Nashville Business Journal reports. Wickshire’s portfolio includes communities in Georgia, Ohio, Indiana and Wisconsin. The […]

Healthpeak CEO: Maintaining Blue Chip REIT Status Vital as Covid-19 Persists

Healthpeak Properties’ (NYSE: PEAK) senior housing segment continues to struggle from the impact of Covid-19. But with a full quarter of operations during the outbreak under its belt, there are signs that the health care real estate investment trust (REIT) has entered the management phase of the pandemic. Occupancy declines are slowing on a sequential […]

Transactions & Financings: ‘Big 3’ REITs in Fed’s Bond Buying Program; Ziegler’s $278M Deal Volume

Federal Reserve’s bond-buying program includes Welltower, Ventas, Healthpeak Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Healthpeak Properties (NYSE: PEAK) are among the real estate investment trusts receiving funding as part of the Federal Reserve Bank of New York’s Secondary Market Corporate Credit Facility (SMCCF), The Real Deal reported. The program, established as part of the […]

Transactions & Financings: Healthpeak’s $600M Senior Note Offering; Resort Lifestyle Communities $36M Construction Loan

Healthpeak Prices $600M in Unsecured Senior Notes Healthpeak Properties (NYSE: PEAK) announced a public offering of $600 million aggregate principal amount of 2.875% senior unsecured notes due 2031. The price to investors was 99.125% of the principal amount of the notes. Healthpeak plans to use the net proceeds from the offering to fund the redemption […]

Healthpeak Does Not Expect Discounts to Drive Occupancy in Covid-19 Recovery

The Covid-19 pandemic has slowed move-ins for many companies in the senior living industry, including large real estate investment trusts. But for Healthpeak Properties, (NYSE: PEAK) the needle is moving in the right direction, at least for now. Roughly one month ago, around half of the Irvine, California-based health care REIT’s senior housing communities were […]

Transactions & Financings: Welltower, Healthpeak Reportedly Sell South Florida Communities at Steep Discounts

Welltower sells Florida assisted living facility for $56M Welltower (NYSE: WELL) sold Aston Gardens Assisted Living in Parkland, Florida for $55.7 million, The Real Deal Miami reports. The buyer was Kayne Anderson Capital Advisors. the property is operated by Discovery Senior Living. The property sold for $78 million in 2015. The latest sale marks a […]

About 50% of Healthpeak Senior Housing Communities Not Taking Move-Ins

Healthpeak Properties’ (NYSE: PEAK) announced in February that its senior housing portfolio was in “recovery” after two years of restructuring assets and operators. Then the coronavirus pandemic swept across the U.S., and Healthpeak CEO Tom Herzog did not mince words about its effect on the Irvine, California-based health care real estate trust. “Of all of […]