Activist Shareholder Nominates Former HCP CEO Flaherty to Brookdale’s Board

James F. “Jay” Flaherty III may be making a return to senior living, if Land & Buildings Investment Management has its way. The Stamford, Connecticut-based real estate investment firm will nominate Flaherty, along with L&B founder and Chief Investment Officer Jonathan Litt, to the board of directors of Brookdale Senior Living (NYSE: BKD) at the […]

Chinese Firm to Buy Stake in Canadian Provider for Reported $744 Million

Chinese investors have played major roles in recent blockbuster senior housing deals in the United States, and now the action is spreading north of the border. Beijing-based Anbang Insurance Group is poised to buy a majority stake in Vancouver-based Retirement Concepts for a reported $744 million. While confirming the deal is underway, Retirement Concepts has […]

NorthStar Shareholder Fuels Fire Against REIT Merger

Another activist shareholder has come out strongly against the planned merger between Colony Capital Inc. (NYSE: CLNY), NorthStar Realty Finance Corp. (NYSE: NRF) and NorthStar Realty’s current external manager NorthStar Asset Management Group Inc. (NYSE: NSAM), citing concerns about the combined company’s governance and value to shareholders. Real estate investment trust (REIT) NorthStar Realty Finance, a […]

Senior Housing Investments & Transactions: NorthStar Realty to Sell $3 Billion in Assets

CareTrust REIT Buys $34.4 Million Portfolio in California CareTrust REIT, Inc. (Nasdaq: CTRE) acquired two senior housing communities and two skilled nursing facilities (SNFs) in California’s Central Valley for approximately $34.4 million.  The portfolio includes 79 assisted living units and 293 skilled nursing beds. It is currently leased to affiliates of California-based Covenant Care, LLC. […]

Editor’s Picks: Welltower CEO’s Fighting Words

It’s been a busy week in the senior living industry. Our coverage included a recently released report that noted how emotional labor takes its toll on senior living’s frontline staff, and how a merger between NorthStar and Colony is set to create a $17 billion real estate investment trust (REIT). Readers were eager to learn […]

Activist Shareholder Calls Out NorthStar ‘Cronies’ Over REIT Merger

One activist shareholder is slamming the “management cronies” involved in the $17 billion merger of three major real estate companies, saying there is “woefully inadequate” value to shareholders in the transaction.    Jonathan Litt, founder and chief investment officer of New York-based hedge fund Land & Buildings, slammed special committee members of NorthStar Asset Management […]

Editor’s Picks: Brookdale’s Big Wellness Rollout

It’s starting to feel like summer at our Chicago headquarters, and we were eager to bring our readers the latest buzz from the industry this week.  Everyone was interested in the latest news from the nation’s largest senior housing provider, including its upcoming plans for the year and a new wellness program for brain health. […]

[Updated] NorthStar, Colony Merger to Create $17 Billion REIT

NorthStar Realty Finance (NYSE: NRF), a real estate investment trust that is a major owner of senior housing real estate, will be merging with its current external manager, NorthStar Asset Management (NSAM), and private equity firm Colony Capital Inc. (NYSE: CLNY). The all-stock merger is expected to create a diversified global equity REIT with a […]

NorthStar Realty in Merger Talks to Create Large-Scale REIT

NorthStar Realty Finance (NYSE: NRF), a significant owner of senior housing properties, could merge with Colony Capital Inc. (NYSE: CLNY) and NorthStar Asset Management Group (NYSE: NSAM) into a single real estate investment trust if talks currently underway result in a deal, the three companies recently confirmed in a joint statement. The news comes several […]

NorthStar Shareholder Calls Out ‘Farcical’ New Committee

In a move that reflects the ongoing conflict between a major global asset management firm and an activist shareholder, NorthStar Asset Management (NYSE: NSAM) announced it has formed a special committee of independent directors to continue to work on strategic alternatives to recapture shareholder value. However, one shareholder is questioning the independence of the directors. […]