After breaking into the hospital and life science sector last year with a $1.5 billion splash, Chicago-based real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) appears to be poised for a slower year for its senior living business. Citing more new supply expected to hit the market in 2017, Ventas executives said during a year-end […]
NIC
Senior housing players have some reasons to be optimistic about financing looking toward the year ahead. The positive outlook stems from the Trump administration’s talk of deregulation, along with interest rate action and real estate investment trust (REIT) activity. Another outcome that may have an impact on senior housing finance, which will remain to be […]
The new year may have begun on Jan. 1, but in some ways it feels like it only started on Friday, with the inauguration of President Donald Trump. Now, months of speculation will give way to a period of actual activity, and consequences. Not every senior housing trend will be driven by Trump, but the […]
Senior housing transaction dollar volume was weak at the end of 2016, but the year was still active due to a relatively strong number of smaller dollar transactions, according to preliminary end-of-year data from the National Investment Center for Seniors Housing & Care (NIC). However, separate M&A data released by Irving Levin Associates, also on […]
NIC Hires Seniors Housing Principal The National Investment Center for Seniors Housing & Care (NIC) hired Lana Peck to serve as senior principal and subject matter expert for seniors housing. Peck spent over 10 years with Life Care Services LLC in Des Moines, Iowa, where she served as a senior market research analyst conducting feasibility […]
As confirmation hearings for President-elect Donald Trump’s Cabinet took place on Capitol Hill, we brought readers the most recent news in the senior housing world. Namely, private equity giant Blackstone Group is rumored to be in talks to acquire Brookdale Senior Living (NYSE: BKD); assisted living occupancy fell to its lowest level since 2010; and […]
While senior housing has been lauded as an investment class with high returns and favorable demographics, the annual return for the sector has been slowing since mid-2014. That trend continued in the third quarter of 2016, new data revealed. Despite the slowing rate of returns, senior housing has outpaced other real state asset types, as […]
HCP Board Officially Elects New CEO, President After making the announcement in November, the HCP Inc. (NYSE: HCP) board of directors officially elected Tom Herzog as a board member and CEO, and Justin Hutchens as the company’s president. Both elections were effective Jan. 1. Herzog previously served as CFO since rejoining the company in June, and […]
Assisted living occupancy stumbled during the fourth quarter of 2016, despite healthy demand for senior housing units. At 87.6%, assisted living occupancy dropped to its lowest level since early 2010, according to the latest data from the National Investment Center for Seniors Housing & Care (NIC). Assisted living occupancy hit 87.9% in the third quarter of […]
We made it through the colder-than-mars temperatures here in Chicago, and, as we finished all of our holiday gift wrapping, we were sure to keep our readers up to date on the latest industry happenings. We reported on one investor that paid a shocking sum for the site of a new senior housing project, and […]