Under pressure from an onslaught of personal injury lawsuits, more than two-dozen skilled nursing facilities (SNFs) affiliated with Preferred Care Partners Management Group are seeking Chapter 11 bankruptcy protection. One of Preferred Care’s landlords is LTC Properties Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, California. The REIT–which also is […]
LTC Properties
LTC Properties (NYSE: LTC) will stick with its troubled tenant, Anthem Memory Care—at least for now. The Westlake Village, California-based real estate investment trust (REIT) recently signed a forbearance agreement with Anthem, under which it won’t pursue enforcement related to its default through the end of the year so long as Anthem pays a minimum rent […]
Happy Monday, Senior Housing News readers! Today’s the big day—it’s almost time for the solar eclipse! It’s scheduled to occur here in Chicago just after 1 p.m. local time, and all of us at Senior Housing News (who managed to track down NASA-approved solar eclipse glasses) will be joining in on the fun, watching from […]
Some standalone memory care providers are having a rough go of it. Take Lake Oswego, Oregon-based Anthem Memory Care, which is having trouble raising equity and paying its quarterly rent in full to LTC Properties (NYSE: LTC), its real estate investment trust (REIT) landlord. Anthem, for its part, expects to resolve certain staffing and occupancy issues within […]
It should come as no surprise that leaders of the largest publicly traded real estate investment trusts in senior housing—and the nation’s largest provider—topped this list of highest paid senior living executives in 2016. Company leaders at Welltower (NYSE: HCN), Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation in 2016, which includes base salary, […]
The United States may not have elected the nation’s first female president, but just as Hillary Rodham Clinton became the first woman ever to be nominated by a major party for the American presidency, the senior housing sector continues to make strides to shatter its own glass ceilings. Many companies are continuing to break down […]
(Rendering of Windsor Run, located in Matthews, N.C. — Photo courtesy of Erickson Living) Construction: Planned Senior Housing Community Planned, Minn. A new senior housing community is planned on 5.8 acres of land in North Napa, Minn. The Napa Senior Housing development will be 195,000 square feet and stand three stories tall. There will be […]
HFF Closes Deals in Northeast and Miami Holiday Fenoglio Fowler, L.P. (HFF) has closed a $10.3 million sale of a 0.9-acre development site that will be developed into a high-rise seniors housing community. The site, which is located directly across from the Dadeland Mall in Miami’s Kendall neighborhood, was sold to Greystar, a fully integrated […]
Call it a Goldilocks problem. In the consolidating senior housing and care sector, providers are challenged to achieve the right scale—not too big, not too small, but just right. Integration problems have plagued Brookdale Senior Living (NYSE: BKD) since its mega-acquisition of Emeritus Corp. was finalized in 2014, leading some to pronounce that the company is too […]
Several of the country’s largest health care real estate investment trusts (REITs) and major lenders have offered their support for a new initiative to track and report seniors housing actual rents, the National Investment Center for Seniors Housing & Care (NIC) announced Wednesday. The initiative makes NIC the first to collect and report such data, […]
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