The Bottom Line: HRA Sees ‘Crazy’ Pricing from Competitors

Harbor Retirement Associates (HRA) is focused on high-end communities and programming for residents — and that can help defend against competitors that resort to deep discounts in some markets. But even luxurious services and amenities can only go so far. The Vero Beach, Florida-based operator has 34 communities, some of which have applied strategic concessions […]

HCP Accelerates Strategic Plan for Senior Housing

After closely analyzing every one of its senior housing assets, real estate investment trust HCP (NYSE: HCP) has hit the accelerator to create a portfolio that will outperform the broader industry in the coming years.  “It’s hard to predict too far into the future in senior housing, just given the uncertainty about continued new supply […]

HCP Expects More Even Split Between Triple-Net, RIDEA in 2019

With its senior housing portfolio makeover largely in place, HCP (NYSE: HCP) is now turning its attention to triple-net leases that are coming up for renewal and adding to its RIDEA relationships. The Irvine, California-based health care real estate investment trust discussed its plans before an audience at the NAREIT 2019 Investor Conference in New […]

Harbor Retirement Associates Names New CFO

Harbor Retirement Associates (HRA) has promoted its longtime controller to the chief financial officer role. Chris Collins is HRA’s new CFO, the Vero Beach, Florida-based senior living operator announced Wednesday. Collins worked as HRA’s controller for the past six years. He is replacing departing CFO Tom Mitchell, who is leaving the job after six years for […]

In the Pipeline: Senior Housing Construction Projects (10/6/16)

Construction: Planned Senior Community Planning Addition, Iowa Located in Marshalltown, Iowa, Glenwood Place is planning for a $3.5 million addition to its independent living and assisted living apartments. The addition will add eight independent living apartments and 12 assisted living apartments to the community. Glenwood Place already has two bedroom independent living townhomes, assisted living apartments […]