Five Star Senior Living (Nasdaq: FVE) acknowledged its continued financial challenges pose a threat to the company’s viability, even as the organization works to implement operational strategies to effect a turnaround. Five Star is also in discussions with its major real estate investment trust landlord, Senior Housing Properties Trust (NYSE: SNH), to potentially restructure. The […]
Senior Housing Properties Trust (NYSE: SNH) is weighing a litany of options for Five Star Senior Living (Nasdaq: FVE) in light of the operator’s ongoing financial and operational problems — including a possible adjustment to the two companies’ agreements. That was top of mind during the the Newton, Massachusetts-based real estate investment trust’s (REIT) fourth-quarter […]
As a senior housing owner, Senior Housing Properties Trust (NYSE: SNH) simply isn’t getting enough positive recognition, according to new President and COO Jennifer Francis. “SNH is not getting the credit it deserves for our high-quality, well-occupied portfolio, diverse tenant mix in geographic footprint, investment grade-rated balance sheet and our track record of delivering shareholder […]
LaSalle Group Names New VP of Health and Wellness The LaSalle Group has promoted Schekesia Meadough to vice president of health and wellness. In her new role, Meadough will continue to expand clinical education and quality initiatives at LaSalle’s Autumn Leaves communities, while also overseeing regulatory compliance in the nine states where the company operates. Those […]
David Hegarty, the president and COO of Senior Housing Properties Trust (Nasdaq: SNH), is stepping down from the Newton, Massachusetts-based real estate investment trust (REIT) on April 30, according to a Monday press release. Senior Housing Properties Trust is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management […]
Welltower Acquires CCRC in Florida for $130 Million Toledo, Ohio-based health care real estate investment trust (REIT) Welltower, Inc. (NYSE: WELL) has officially acquired Stratford Court of Boca Pointe, a 527-bed continuing care retirement community (CCRC) in Boca Raton, Florida, for $130 million, according to the South Florida Business Journal. The seller was Newton, Massachusetts-based REIT Senior Housing Properties […]
Senior Housing Properties Trust (NYSE: SNH) had a decent year in 2017 despite facing a few headwinds in the fourth quarter, the company’s CEO said during its fourth-quarter earnings call Tuesday. The Newton, Massachussets-based real estate investment trust (REIT) logged a normalized funds from operations (FFO) of $59.2 million, or 25 cents per share, for the fourth […]
Welltower Inc. (NYSE: HCN) is set to buy four continuing care retirement communities (CCRCs) from Senior Housing Properties Trust (Nasdaq: SNH), the real estate investment trusts (REITs) announced separately earlier today. The properties, which are leased to McLean, Virginia-based provider Sunrise Senior Living and located in Arlington and Charlottesville, Virginia; Boca Raton, Florida; and Silver Spring, Maryland; are changing hands for $368 […]
Five Star Senior Living (NYSE: FVE) has started to see positive occupancy trends, and the provider is planning to use some proceeds from a newly announced transaction to help its ongoing efforts to compete with new supply. Like other senior living providers across the country, Newton, Massachusetts-based Five Star has experienced occupancy woes related to […]
HCP Completes $1.125 Billion Sale of Brookdale Portfolio Healthcare real estate investment trust (REIT) HCP (NYSE: HCP) completed the previously-announced sale of a portfolio of 64 triple-net assets leased to Brookdale Senior Living, Inc. (NYSE: BKD) to affiliates of Blackstone Real Estate Partners VII L.P. in a deal worth $1.125 billion. HCP expects to record a […]
