Aegis Living, with its joint venture partner Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. Aegis currently operates the communities and will continue to do so going forward. The deal, totaling 702 units, is the largest in Aegis’ 24-year history and continues […]
Sales and operator transitions Elevation Financial Group acquires Massachusetts assisted living community for $4M Elevation Financial Group acquired Wingate Residences at Brewster Place, an assisted living facility in Brewster, Massachusetts. The purchase price was $4 million and facilitated through Elevation Real Property Fund VII. The community ceased operations in 2019. Elevation plans to reposition the […]
Leaders with Brookdale Senior Living (NYSE: BKD) are touting recent moves to improve operational and financial footing, and are keeping a long-term focus as the company’s occupancy rate has continued to slump amid ongoing Covid-19 pressure. The Brentwood, Tennessee-based company is the largest senior living operator in the nation, with about 726 communities. Brookdale is […]
Healthpeak Properties (NYSE: PEAK) is looking to mostly sell off its triple-net and senior housing operating portfolios and rebalance in favor of CCRCs, life science and medical office buildings — and Covid-19 is a big reason why. The real estate investment trust (REIT) announced Monday it is in the process of offloading up to $4 […]
Healthpeak Properties (NYSE: PEAK) is in the process of trimming up to $4 billion worth of assets from its senior housing operating portfolio (SHOP) and triple-net senior housing segments. The real estate investment trust (REIT) also has moved its headquarters to Denver. The company on Monday announced it has about $1.5 billion worth of assets […]
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 […]
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 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 […]
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 […]
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 […]