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 […]
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 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 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 […]
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 […]
One of Brookdale Senior Living’s (NYSE: BKD) most vocal investors has weighed in on its previously reported proposal to split the company into a real estate investment trust (REIT) and an operator. Stamford, Connecticut-based investment management firm Land & Buildings on Monday released an open letter to Brookdale’s shareholders detailing a recent meeting with members of […]
One of Brookdale Senior Living’s (NYSE: BKD) most vocal investors has reportedly told management they should split the company into two parts, with one dedicated to real estate ownership and the other focused on operations. Activist investor Jonathan Litt, who heads up Stamford, Connecticut-based investment management firm Land & Buildings, told Brookdale management the company […]
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 […]
One of Brookdale Senior Living’s (NYSE: BKD) most vocal shareholders is again pushing the senior living operator to realize more upside from its valuable real estate. Stamford, Connecticut-based Land and Buildings Investment Management LLC wrote in an open letter to shareholders that Brookdale’s real estate is potentially worth double its current share price, and lamented that the […]
As the nation prepared to inaugurate a new president, Senior Housing News brought readers the latest on Brookdale Senior Living (NYSE: BKD)’s rumored takeover negotiations, an in-depth interview with Brookdale alum John Rijos and a slew of predictions from top industry leaders for the year ahead. Here in the newsroom, we were intrigued by a […]
