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 […]
New Senior Investment Group
With stronger earnings and a plan to recapture shareholder value, things might be turning around for New Senior Investment Group (NYSE: SNR). The company, which has been hounded by shareholders over its declining stock price and outside management structure, reported higher occupancy rates for the end of 2015 and beat revenue estimates by more than […]
The time may be ripe for more “mega” refinancing transactions in the senior housing industry as borrowers with large portfolios consider their options in the current, relatively stable market. That’s according to Walker & Dunlop Vice President Russell Dey. Along with Vice President Laura Beaton, Dey headed the team that originated Holiday Retirement’s $1.27 billion refinancing […]
Following the news earlier this week of a major leadership shakeup that ushered in a new CEO, it was announced that Holiday Retirement has secured a $1.27 billion refinancing. Walker & Dunlop, Inc. (NYSE: WD) originated the refinancing for the nation’s largest independent living provider. It was the largest transaction closed in Walker & Dunlop history. The […]
A shareholder has taken private equity giant Fortress Investment Group (NYSE: FIG) to task over New Senior Investment Group (NYSE: SNR), a publicly traded health care real estate investment trust focused on private pay senior housing, which has seen its stock price drop dramatically since its inception last year. John Levin of Levin Capital Strategies, a […]
In yet another demonstration of the huge scale Brookdale Senior Living (NYSE: BKD) achieved by acquiring rival Emeritus last year, the company seized the No. 1 spot—with a bullet—on the American Seniors Housing Association’s annual rankings of the largest senior housing owners in the United States. Brentwood, Tennessee-based Brookdale now owns 976 properties, totaling 82,356 […]
With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]
New Senior Investment Group Inc. (NYSE: SNR) is expanding its portfolio upon the completion of the company’s previously announced $435 million acquisition of senior housing properties from affiliates of Hawthorn Retirement Group, the company announced Monday. New Senior is acquiring 17 independent living senior housing properties. The portfolio is 100% private pay, contains 2,082 units located across 10 states and […]
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