Senior Housing Finance Activity: Welltower’s $3.7 Billion Credit Facility

Welltower Announces Closing of Expanded $3.7 Billion Unsecured Credit Facility Toledo, Ohio-based real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) announced it has closed an approximate $3.7 billion unsecured credit facility, consisting of a $500 million term loan, a $3 billion revolving line of credit and a CAD 250 million term loan ($193.5 million at exchange […]

Movers & Shakers: Welltower Foundation Launches to Promote Wellness

Welltower Foundation Launches to Promote Wellness Welltower Inc. (NYSE: HCN) launched the Welltower Foundation, an organization aimed at promoting wellness, encouraging a high quality of life for aging populations and supporting other groups and innovations that do the same. Erin Ibele has been named president of the foundation. The foundation’s first course of action is […]

Movers & Shakers: The Goodman Group’s New CFO

The Goodman Group Appoints New CFO Minnesota-based senior living developer and manager The Goodman Group promoted Clint Knacke to serve as the company’s chief financial officer. Knacke has been with The Goodman Group for almost 20 years, most recently as controller. He joined the company in 1996 as a retail accountant, and for the past […]

More Than 70% of Pre-Retirees Want to Work in Retirement

A growing number of retirees not only work or plan to work after retirement, but more than half say they want to work after they retire, a recent study finds. Forty-seven percent of retirees say they either have worked or plan to work during retirement, and 72% of pre-retirees age 50+ say they want to keep […]

Biggest Losers in the Brookdale-Emeritus Deal: The Big 3 REITs

The agreement to acquire Emeritus Corporation (NYSE:ESC) for nearly $3 billion is the sort of deal that’s right up the alley of the largest healthcare REITs. Instead, Brookdale Senior Living (NYSE:BKD) is the acquirer, leaving the Big 3 out in the cold—and less well-positioned for future growth, analysts say. “We believe investors will view the […]