Brookdale Targets 7% NOI Growth Through 2024, Labor Costs an Immediate Concern

Better supply-demand dynamics helped Brookdale Senior Living (NYSE: BKD) turn its recent occupancy trends positive — and the company is betting that these conditions will persist into the years ahead, leading it to release a five-year outlook. However, the immediate picture is still mixed. The nation’s largest senior living provider was hit by high labor […]

Brookdale Issues Most Heated Argument Yet Against Board Nominee Flaherty

The gloves have come off in an ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings. Brookdale on Thursday ratcheted up the intensity of its arguments against board nominee Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), who was put forward by activist shareholder […]

Brookdale Acquires 18-Property HCP Portfolio for $405M, Exits Joint Venture

Brookdale Senior Living (NYSE: BKD) has inked several new transactions with HCP (NYSE: HCP) that both companies say better position them for the future. The multiple transactions will see Brookdale assume ownership of an 18-property leased portfolio for $405 million, step away from a joint venture and reconfigure lease obligations, the companies announced Tuesday. The […]

Activist Shareholder Keeps Pressing for Brookdale OpCo/PropCo Split

Activist shareholder Land & Buildings is again making its case that Brookdale Senior Living (NYSE: BKD) should split into an operating company and a real estate investment trust (REIT) — an arrangement commonly referred to as an “OpCo/PropCo.” Land & Buildings on Tuesday shared its latest open letter to Brookdale shareholders, decrying the senior living […]

Activist Shareholder Again Pressures Brookdale on OpCo/PropCo Split

Land & Buildings is again pushing the nation’s largest senior living operator to consider splitting into an operating company and a real estate ownership company, and Brookdale re-affirmed that it has no intention of doing so. The Stamford, Connecticut-based real estate investment firm on Tuesday released yet another open letter to the shareholders of Brookdale […]

Activist Shareholder Nominates Former HCP CEO Flaherty to Brookdale’s Board

James F. “Jay” Flaherty III may be making a return to senior living, if Land & Buildings Investment Management has its way. The Stamford, Connecticut-based real estate investment firm will nominate Flaherty, along with L&B founder and Chief Investment Officer Jonathan Litt, to the board of directors of Brookdale Senior Living (NYSE: BKD) at the […]

Another Activist Investor Calls On Brookdale To Sell Its Real Estate

Brookdale Senior Living (NYSE: BKD) now has two major investors calling for the company to sell its real estate assets. Macquarie Investment Management, an affiliate of Sydney, Australia-based financial services firm Macquarie Group (ASX: MCQ) wrote an open letter to Brookdale shareholders on Friday, calling for them to pressure the U.S.’ largest senior housing provider […]

Activist Shareholder Blasts Brookdale’s Board, Again Pushes for Real Estate Sales

A vocal activist shareholder with Brookdale Senior Living (NYSE: BKD) has some choice words for the company’s leaders, and is once again seeking to convince them to unlock more value from its real estate through asset sales. Stamford, Connecticut-based Land and Buildings Investment Management LLC wrote in its latest open letter to shareholders that Brookdale’s […]

Ventas CEO: Brookdale Should Focus on Operating Business

Ventas Inc. (NYSE: VTR) is indeed out as a potential buyer of Brookdale Senior Living (NYSE: BKD), Ventas CEO Debra Cafaro confirmed Tuesday morning. She also weighed in on where the nation’s largest senior living provider should be focused. “We believed internally at Ventas that it was necessary and appropriate to make that clarification to our constituents […]