LTC Properties Gears Up for Active Investment Year as Market Continues to ‘Favor REITs’

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,” […]

Transactions and Financings: Ziegler Closes on $68.5M for Acts Retirement-Life Communities; Brookdale Secures $179.5M Refinancing

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 […]

What’s Behind Recent Senior Living Margin Expansion – And What Lies Ahead

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: Debt Maturities Helping Create Best Investment Environment ‘We Have Ever Seen’

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 […]

Lending Anxiety, Operator Debt Maturities Position LTC Properties for Growth in 2024

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 […]

Moneyball Approach to Trading Senior Living Operators Starts to Take Hold

For more than three decades, Watermark Retirement had never been replaced by a different management company. But times have changed. “We were replaced by Welltower on a few of our communities; but on the other hand, we’re being the replacer, going into some communities,” Watermark Chairman David Freshwater told me recently. Swapping management companies is […]

LTC Sees Most Active Investment Year Since 2015, With $100M Pipeline to Come

LTC Properties (NYSE: LTC) has invested almost $180 million this year, representing its most active year for transactions since 2015. And if all goes according to plan, the company won’t stop there. Leaders with the Westlake, California-based real estate investment trust (REIT) are also focused on operator diversification a little more than a month after […]

LTC Plans Transitions, Possible Sales for 35-Community Portfolio After Brookdale Declines Lease Renewal

Brookdale Senior Living (NYSE: BKD) has elected not to renew a lease on its portfolio of 35 properties with LTC Properties (NYSE: LTC), appearing to end collaboration between the two companies for now. The Brentwood, Tennessee-based operator chose not to renew its lease with LTC, the Westlake Village, California real estate investment trust (REIT) announced […]