Headwinds Batter Senior Housing REITs as 2018 Begins

It’s still early in what analysts had predicted would be an “eventful” earnings season for health care real estate investment trusts (REITs), but several telling themes have emerged in the reports released thus far, and they show a industry under duress. Beyond a harsher-than-normal flu season and concerning levels of new supply, health care REITs—and senior housing REITs, […]

Senior Housing Feels the Pain as Stock Markets Plunge

Senior housing owners and operators saw their share prices slide on Monday as the markets plunged, with the Dow Jones industrial index posting its largest-ever intraday decline of nearly 1,600 points. Toldeo, Ohio-based Welltower Inc. (NYSE: HCN) finished the regular trading day down 3.28%, Chicago-based Ventas Inc. (NYSE: VTR) posted a decline of 2.67%, and […]

Tax Reform Could Strike Blow to Nonprofit CCRCs

Comprehensive tax reform took a big step forward with the passage of a Senate bill in the early hours of Saturday morning. As House and Senate lawmakers now work on hammering out a single version of the legislation, senior housing stakeholders are speaking out about their top concerns–including, notably, a provision that could deal a major blow […]

Ventas Taps New Operator Led by Hsiao for 70-Property Elmcroft Deal

Ventas Inc. (NYSE: VTR) is working out a deal to transition its portfolio of about 70 Elmcroft Senior Living properties into the hands of a new management company started by Kai Hsiao, former CEO of independent living giant Holiday Retirement. Ventas, one of the “big three” real estate investment trusts (REITs) in the senior housing […]

Ventas Faces Stiff Tests in 2018

A newly announced joint venture might bear fruit in the coming years, but more immediately, real estate investment trust Ventas (NYSE: VTR) is facing short-term challenges. These include supply-demand mismatches in some markets, and the ongoing woes of Brookdale Senior Living (NYSE: BKD), the nation’s largest provider and a significant tenant for the Chicago-based REIT, […]

Why Standalone Memory Care Providers are Struggling With Occupancy

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 […]

Why Kindred Bailed on the Skilled Nursing ‘Ultra-Marathon’

The decision by Kindred Healthcare (NYSE: KND) to get out of the skilled nursing facility sector might seem like a drastic move to free the company from a major drag on its financial performance. But that’s not the story that executives at Kindred and Ventas Inc. (NYSE: VTR), one of Kindred’s major landlords, were telling […]

NHI Taps Mendelsohn to be CEO

Eric Mendelsohn will be the next president and CEO of National Health Investors Inc. (NYSE: NHI), the Murfreesboro, Tennessee-based real estate investment trust announced Monday. Mendelsohn has served as interim president and CEO since his predecessor, Justin Hutchens, departed the company in August in a high-profile move to HCP Inc. (NYSE: HCP). After nine years […]

NHI Upheaval, Ventas Spin-Off Fuel Talk of REIT Consolidation

Dramatic developments over the past few weeks have redrawn the lines on the playing field for senior housing real estate investment trusts operating in the shadow of the so-called “Big Three.” While it remains to be seen which of these smaller-cap REITs gain steam and which struggle given the new normal, at least one analyst […]