This story is part of your SHN+ subscription The senior living industry sits at an important crossroads between challenges and opportunity in 2025. What operators do now could mean the difference between success and failure in the coming years. On the one hand, the industry is still shaking off a few lingering woes from its […]
Welltower (NYSE: WELL) has elevated COO John Burkart to the role of vice chairman and named Nikhil Chaudhri and Tim McHugh as co-presidents, among other executive appointments. The Toledo, Ohio-based real estate investment trust (REIT) announced the moves Thursday. Burkart, who has worked as Welltower’s COO since 2021, is a driving force behind the management […]
This article is part of your SHN+ subscription Earlier this week, LTC Properties (NYSE: LTC) announced longtime CEO Wendy Simpson is transitioning to a board leadership role, with two other leaders set to take the reins as co-CEOs. In the announcement, the West Lake Village, California-based real estate investment trust (REIT) said the appointment of […]
LTC Properties (NYSE: LTC) CEO Wendy Simpson is stepping back from her role as the company’s top leader, and the company’s two co-presidents are slated to take the reins as co-CEOs. On Monday, the Westlake Village, California-based real estate investment trust (REIT) announced it had appointed Pam Kessler and Clint Malin to the roles of […]
This story is part of your SHN+ subscription Earlier this week, Brookdale Senior Living (NYSE: BKD) declined to renew a master lease with landlord Ventas (NYSE: VTR) covering 120 communities. That’s notable news, but the details really caught my eye. Hours after Ventas’ initial announcement, Brookdale released its own statement noting that the portfolio generated […]
Brookdale Senior Living (NYSE: BKD) will forgo a renewal option on a master lease with Ventas for 120 communities. Brookdale did not exercise its right to extend the term of the master lease between both companies for a renewal that would have started in 2026, according to the Chicago-based real estate investment trust (REIT), which […]
This story is part of your SHN+ subscription. Another REIT has joined the RIDEA bandwagon. During a third quarter earnings call on Oct. 29, LTC Properties (NYSE: LTC) CEO Wendy Simpson said she was a “new convert” of the RIDEA operational structure. “For those of you who have followed us a long time, you know […]
LTC Properties (NYSE: LTC) CEO Wendy Simpson said she’s now a “new convert” of the RIDEA lease structure after years of being “anti-RIDEA,” with the real estate investment trust pivoting to conversions heading into 2025. During a call with investors and analysts covering third-quarter results, Simpson and Co-President and Chief Investment Officer Clint Malin outlined […]
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 (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) […]
