Transactions & Financings: Welltower’s New NYSE Ticker Symbol

Welltower to Change NYSE Ticker Symbol to “WELL” Health care infrastructure company Welltower, Inc. has announced a change to its New York Stock Exchange (NYSE) ticker symbol, from “HCN” to “WELL.” The Toledo, Ohio-based company will begin trading under “WELL” on February 28. “Welltower owns, manages and has developed the largest network of premium residential senior care […]

Anthem Fails to Make Rent, LTC Halts Future Development

LTC Properties (NYSE: LTC) is slamming the brakes on its future development plans with Anthem Memory Care after the Lake Oswego, Oregon-based provider failed to raise a certain amount of equity and pay its quarterly rent in full. The California-based real estate investment trust (REIT) issued a monitory default notice on its master lease with […]

Senior Housing Investments & Transactions: CareTrust, LTC

CareTrust REIT Announces Two Acquisitions CareTrust REIT, Inc. (NASDAQ: CTRE) has acquired a portfolio of nine skilled nursing facilities in Iowa. CareTrust is a publicly-traded real estate investment trust (REIT) that focuses on the acquisition and leasing of seniors housing and health care-related properties. The portfolio includes 518 operating skilled nursing beds that will be […]

Movers & Shakers: Welltower Expands Finance and Investment Team

Welltower Expands Finance and Investment Leadership Team Welltower Inc. (NYSE: HCN), one of the big three health care real estate investment trusts (REITs), recently announced the hiring of Shankh Mitra and Tim McHugh as senior vice presidents, finance and investment. Both Mitra and McHugh will report to Scott Estes, executive vice president and chief financial […]

SNH Stock Strategy Unclear in Tension-Filled Earnings Call

Analysts were determined to hear how Senior Housing Properties Trust (NYSE: SNH), a real estate investment trust (REIT) that primarily invests in senior housing properties, would raise its stock prices during its quarterly earnings conference call Wednesday. Overall, the financial news was good, but SNH has struggled to see its stock value rise recently. Since […]

Cap Rates, Prices Constrain REIT Deal Flow

Constrained deal flow due to low cap rates and sky-high prices has been a recurring theme among senior housing real estate investment trusts (REITs) as they report their earnings for the third quarter of 2015. After Welltower Inc. (NYSE: HCN) stated that soaring price tags have sidelined the REIT on major deals, both LTC Properties Inc. (NYSE: […]

Senior Housing Investments & Transactions: LTC, Sagora, Corona Care

Institutional Property Advisors Announces Senior Housing Transactions Totaling Over $6 million Institutional Property Advisors has announced its facilitation of the transactions of two senior housing facilities in Iowa and Illinois for more than $6 million total. Misty Meadows Senior Living Center in Metropolis, Illinois was sold by a limited liability company to Damen Healthcare for $4.38 […]

In the Pipeline: Senior Housing Construction Projects (11/7/13)

Construction: Planned Developers Plan Groundbreaking for $19 Million Renovation Project Plantation Village, a continuing care retirement community (CCRC) in Wilmington, North Carolina, plans to begin construction on a $19 million expansion and renovation project November 15. Expansion plans for the community, which is managed by Life Care Services, include a 27-unit apartment building, new dining […]