Compared to assisted living and memory care, independent living and active adult communities can be harder to secure during the coronavirus pandemic. The better health, mobility and independent nature of their census can make social distancing a bigger ask, and the leaner staffing necessary to operate these communities means residents have less support in the […]
Capital Senior Living (NYSE: CSU) took another step toward stabilizing its balance sheet. Capital reached rent forbearance agreements with two of its real estate investment trust (REIT) landlords — Toledo, Ohio-based Welltower (NYSE: WELL) and Chicago-based Ventas (NYSE: VTR), the Dallas-based operator announced in an SEC Form 8-K filing on Monday. Additionally, Capital agreed to […]
Senior housing-related stocks fell sharply on Thursday amid a dramatic market plunge tied to coronavirus fears. The Dow Jones Industrial Average was down 10% at market close, in the worst drop for the index since “Black Monday” in 1987. The Nasdaq composite was down 9.4% at the close. Several senior housing-related stocks fell even more […]
The rapid spread of Covid-19 is putting new communities at risk every day — and providers across the country should prepare for an outbreak near them sooner rather than later. As of Wednesday, almost 53% of roughly 33,000 U.S. senior housing and care communities in the U.S. are located in or adjacent to a county […]
With a two-year of restructuring its portfolio and operations almost complete, Brookdale Senior Living (NYSE: BKD) believes it now has the foundation in place to generate consistent and sustained growth. In fact, the company’s 2020 guidance anticipates adjusted EBITDA to grow on a year-over-year basis for the first time since the Emeritus merger in 2015. […]
Healthpeak Properties (NYSE: PEAK) may have changed its name in the third quarter of 2019, but the revamping of its senior housing portfolio that began when it was known as HCP is still a work in progress — one that President and CIO Scott Brinker compared to surgery Wednesday during the company’s fourth quarter and […]
Genacross Lutheran Services, Benedictine affiliation planned Toledo, Ohio-based Genacross Lutheran Services signed a letter of intent to join Benedictine Health System, a Duluth, Minnesota-based senior care provider. The 160-year-old Genacross provides post-acute care, senior housing, and family and youth services across northwest Ohio and southeast Michigan. Benedictine provides services across a continuum of care including […]
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Cindat, Omega partner on $232M UK portfolio deal Chinese investment firm Cindat Capital Management entered into a joint venture with health care real estate investment trust, Omega Healthcare Investors (NYSE: OHI), on a 49% stake in a 67-property senior housing portfolio in the United Kingdom from Irvine, California-based health care REIT, Healthpeak Properties (NYSE: PEAK). […]
Healthpeak Properties (NYSE: PEAK) is deepening its relationship with Oakmont Senior Living, capping a 2019 marked by restructuring its portfolio mix, forging partnerships with high-quality operators and changing its name. The Irvine, California-based health care real estate investment trust (REIT) on Wednesday announced an agreement granting it the option to acquire up to 24 of […]
