Welltower CEO Shankh Mitra has a lot on his plate at the tail-end of 2023. Welltower (NYSE: WELL) is gearing up to launch its in-house operating platform in Canada within the coming weeks with Cogir, which recently expanded its relationship with the Toledo, Ohio-based real estate investment trust (REIT). All the while, billions of dollars […]
Healthpeak Properties, Inc. (NYSE: PEAK) and Physicians Realty Trust (NYSE: DOC) have entered into an agreement to combine in an all-stock merger valued at approximately $21 billion, according to a news release issued Monday. Healthpeak’s senior housing holdings now include 15 continuing care retirement communities (CCRC) in five states and Washington D.C., with the highest […]
Real estate investment trust Healthpeak Properties, Inc. (NYSE: PEAK) has announced that President Scott Brinker is succeeding CEO Tom Herzog as the company’s top leader. Herzog stepped down in a mutual decision with the Healthpeak board of directors in order to pursue “other endeavors,” according to an announcement. The leadership transition is effective immediately. In […]
Healthpeak Properties (NYSE: PEAK) has more credit at its disposal. The Denver-based real estate investment trust (REIT) announced on Monday that it closed on a new unsecured revolving credit facility, with commitments totaling $3 billion. The facility reduces Healthpeak’s borrowing costs and extends the maturity date to Jan. 30, 2026. Furthermore, the REIT controls two […]
Healthpeak Properties’ (NYSE: PEAK) exit from rental senior housing is essentially complete. The Denver-based health care real estate investment trust (REIT) announced the sale of $230 million from its senior housing operating portfolio (SHOP) and triple-net leased communities since May 4, CEO Tom Herzog said Wednesday during the company’s Q2 2021 earnings call. Additionally, Healthpeak’s […]
In late June, Harbor Retirement Associates (HRA) held the grand opening for a new community in Princeton, New Jersey — and the company is set to add other newly developed properties this year, as the business recovers from Covid-19. “We kept the development pipeline going throughout Covid, which was a major feat,” CEO Sarabeth Hanson […]
Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early June was facilitated with loans from two large financial firms. Greystone placed and executed financing for the purchase of 16 of the communities in the portfolio. The package involved Freddie […]
One word describes Argentum’s 2021 list of the 150 largest providers in senior living: Disruption. Acquisitions and divestitures across the industry resulted in several changes on the list: nearly 30 providers moved up or down 10 or more spots, or are new entrants. Among the top 10 providers on the list, Atria Senior Living rose […]
Chicago-based private real estate investment management firm Harrison Street Real Estate Capital announced on Tuesday that it acquired a portfolio of 24 senior housing communities in California and Nevada operated by Oakmont Management Group, for approximately $1.2 billion. Additionally, Harrison Street is selling a 14-property medical office portfolio to real estate investment trust Healthpeak Properties […]
Healthpeak Properties (NYSE: PEAK) continues to shore up its financial position. The Denver-based health care real estate investment trust (REIT) announced cash tender offers for up to $550 million in senior notes due in 2025. The offerings consist of $250 million in senior notes carrying a 3.4% interest rate, and $300 million in senior notes […]
