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, […]
Blueprint Announces Senior Housing Deals in Massachusetts, Alabama Chicago-based advisory group Blueprint Health Care Real Estate Advisors recently announced the sale of a 100-unit assisted living and memory care community in Brockton, Massachusetts, called Heights Crossing Assisted Living Residence. Blueprint orchestrated an exclusive sales process on behalf of the seller, a regional owner-operator with a strong […]
When it comes to securing new capital, company culture and staff training may be more important than many senior housing providers realize. It’s always been critical to invest in high-quality senior living staff, industry leaders agreed during a Wednesday session at the National Investment Center for Seniors Housing & Care (NIC) 2017 Fall Conference in […]
Bailey Named CEO of Blue Willow Systems Menlo Park, California-based Blue Willow Systems, developers of a software as a service (SaaS) platform designed to detect falls and provide analytics to senior living facilities, has named Bob Bailey as its new CEO. Bailey has served as the company’s chairman of its board of directors. Prior to […]
Competition seems to be ramping up among senior housing owners seeking deals, and an expected shift in pricing might be why. In fact, executives at Murfreesboro, Tennessee-based National Health Investors (NYSE: NHI) have been “in a trance” over senior housing cap rates—and they believe other senior housing owners have been, too. “We’ve been in a trance […]
National Health Investors (NYSE: NHI) is staking its claim as a preferred real estate investment trust (REIT) for regional senior housing providers, content to do smaller deals until the right opportunity comes along to make a bigger splash. “I’d like to take this opportunity to suggest that NHI is becoming a REIT of choice among […]
A recent partnership between development company The LaSalle Group and real estate investment trust National Health Investors (NYSE: NHI) will provide options for future senior housing growth that are “limitless,” LaSalle Group President John Barbee tells Senior Housing News. The partnership launched with an initial sale-leaseback transaction involving five of LaSalle’s Autumn Leaves communities for a […]
Four months after becoming president of HCP Inc. (NYSE: HCP), Justin Hutchens has decided to leave the major senior housing real estate investment trust (REIT) to become CEO of HC-One, one of the largest care home operators in the United Kingdom. Hutchens will remain at HCP through June 1, the Irvine, California-based company announced Monday morning. “Though […]
Texas Investors Buy $185 million SNF Portfolio Dallas businessmen Chuck Putnam and Donald Kivowitz have purchased a portfolio of 10 skilled nursing facilities (SNFs) in Maryland and Pennsylvania for $185 million. The portfolio includes approximately 1,297 beds total. The transaction was financed by a syndication led by Bank of Texas, an affiliate of BOK Financial […]
NHP Foundation-Urban Athletic Fund Acquires Connecticut Portfolio for $43 Million The NHP Foundation-Urban Atlantic Fund I, LLC acquired four apartment complexes in Connecticut for approximately $43 million. The portfolio consists of 404 total units, and all properties benefit from a Project-Based Section 8 Housing Assistance Payment (HAP) contract for all units. The $50 million equity fund was […]