This story is part of your SHN+ subscription Publicly traded senior living companies are readying vast sums to deploy in new growth ventures in 2024 and beyond. CEOs with companies including Welltower (NYSE: WELL), Ventas (NYSE: VTR) and National Health Investors (NYSE: NHI) laid out their companies’ respective plans and strategies during earnings calls in […]
LTC Properties
LTC Properties (NYSE: LTC) has in 2024 been relatively optimistic about the path ahead, especially with regard to improvement among its operating partners and the prospect of new investments. But the company encountered a bump on that road in the second quarter of 2024. Management with the Westlake Village, California-based real estate investment trust (REIT) […]
New Perspective Senior Living is primed for future growth with a new $200 million capital infusion and plans for a future $500 million development and acquisitions pipeline. New Perspective this week announced it had secured a $200 million bridge loan, preferred equity and common equity with partners BMO Commercial Real Estate, investment manager Fengate and […]
The coming year should yield more opportunities for LTC Properties (NYSE: LTC) to invest in and acquire senior living communities. The Westlake Village, California-based real estate investment trust (REIT) had an active year in 2023 by completing about $262 million in investments and selling $77 million worth of assets. Included in that total was a […]
A wall of debt maturities this year and other market conditions has leaders at LTC Properties (NYSE: LTC) feeling good about the year ahead with regard to new investments. “Market fundamentals currently favor REITs, with billions of dollars of financing maturities coming due, interest rates in flux and banks being more selective about their investments,” […]
Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]
This content is available as part of your SHN+ membership Third quarter earnings calls highlighted the pain to be inflicted by “higher for longer” interest rates, but the calls also revealed positive trends related to the improving operating environment for senior living. In particular, leaders with Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: […]
Welltower CEO Shankh Mitra has a lot on his plate at the tail-end of 2023. Welltower (NYSE: WELL) is gearing up to launch its in-house operating platform in Canada within the coming weeks with Cogir, which recently expanded its relationship with the Toledo, Ohio-based real estate investment trust (REIT). All the while, billions of dollars […]
Higher interest rates and billions in debt maturities coming due will aid LTC Properties (NYSE: LTC) as the company’s leaders execute on a growth strategy for the year ahead. The current lending environment favors real estate investment trusts (REIT) like Westlake Village, California-based LTC Properties due to their habit of having “conservative investment strategies” and […]
LTC Properties (NYSE: LTC) will continue its effort to prune its senior living portfolio as it prepares for more growth next year, according to Chairman and CEO Wendy Simpson. Leaders at the Westlake Village, California-based real estate investment trust (REIT) reported investment of $180 million in the first quarter of 2023. With that figure, the […]
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