Brookdale Senior Living’s (NYSE: BKD) portfolio restructuring may be in the late innings, but the game is not over yet. The stock price for the Brentwood, Tennessee-based senior housing owner and operator slumped over 11% in trading Monday after RBC Capital Markets analyst Frank Morgan issued further guidance. Morgan his target price for Brookdale stock […]
Brookdale Senior Living (NYSE: BKD) has a ways to go before its turnaround is complete. At the very earliest, the nation’s largest senior housing provider likely won’t see improvement in its performance until fiscal year 2019, according to RBC Capital Markets Analyst Frank Morgan. “Given the challenging operating environment and the ‘heavy lifting’ that management’s […]
Columbia Pacific Advisors’ (CPA) planned acquisition of Hawthorn Retirement Group likely commanded a hefty price tag—and it may be an indication of what’s to come for the largest senior housing owner and operator out there, Brookdale Senior Living (NYSE: BKD). While CPA did not officially disclose financial details of the transaction, the 79-property portfolio and related […]
Many questions have been raised by the rumor that Brookdale Senior Living (NYSE: BKD) is negotiating with the Blackstone Group and other potential buyers over a sale of the company. Perhaps foremost among these questions: What is the value of Brookdale’s real estate, and what deal structures appear most likely? The real estate piece is […]
Welltower Announces Closing of Expanded $3.7 Billion Unsecured Credit Facility Toledo, Ohio-based real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) announced it has closed an approximate $3.7 billion unsecured credit facility, consisting of a $500 million term loan, a $3 billion revolving line of credit and a CAD 250 million term loan ($193.5 million at exchange […]
Capital Funding Group Closes 3 Bridge-to-HUD Loans Capital Funding Group, a health care commercial lender based in Baltimore, Maryland, has closed on three bridge-to-HUD loans: a $7.9 million loan for the acquisition of two skilled nursing facilities in Texas; a $13.8 million loan for the acquisition of two SNFs in New York; and an $18.9 […]
Grandbridge Facilitates Seniors Housing Acquisition of Ga. Senior Housing community The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital closed a $4,540,000 supplemental loan in conjunction with the assumption of the existing $19,000,000 first mortgage and acquisition of Noble Village of Sugarloaf. Located in Suwanee, Ga., the 109-unit seniors housing community […]
The agreement to acquire Emeritus Corporation (NYSE:ESC) for nearly $3 billion is the sort of deal that’s right up the alley of the largest healthcare REITs. Instead, Brookdale Senior Living (NYSE:BKD) is the acquirer, leaving the Big 3 out in the cold—and less well-positioned for future growth, analysts say. “We believe investors will view the […]
Kindred Healthcare, Inc. (NYSE: KND) announced Wednesday that it has sold seven nursing centers for approximately $47 million to affiliates of Signature Healthcare, LLC. The facilities—five of which are owned and the remaining are leased—contain 900 licensed nursing beds and are located outside of Kindred’s 21 designated Integrated Care Markets. Collectively, the nursing centers generated […]
Multiple headlines in the not-too-distant past have trumpeted the struggles of some non-profit continuing care retirement communities (CCRCs) that are attributable—at least in part—to their financing structures, and there are bound to be more coming down the pike, those in the market say. But while bankruptcy has traditionally been the main option for these distressed […]
