NHI Expects Payoffs from ‘Fast and Furious’ Acquisitions, Transitions

National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]

Why Near-Term Trends Could Spell Trouble for Senior Housing

By Jerry Doctrow I have been pessimistic about maintaining occupancy and pricing and the risk of overbuilding in private-pay seniors housing. I shared these concerns, along with lessons learned from the last industry downturn, with the NIC Future Leaders Council at the annual conference of the National Investment Center for Seniors Housing and Care (NIC) […]

Big 3 REIT Merger: Now’s the Time to Strike

If there’s going to be a merger among the “Big 3” healthcare REITs, now’s the time to strike while the proverbial iron is hot, says a recent Bloomberg article. The Big 3 REITs—Ventas, HCP, and Health Care REIT—have played starring roles in many of the past few years’ senior living acquisitions, spending billions on (or with) […]

Five Reasons Healthcare Reform Can’t Ignore Assisted Living

Assisted living hasn’t been a major focus of healthcare reform and how it fits into the nation’s healthcare system, but industry stakeholders say that doesn’t mean it won’t be impacted. Healthcare reform is poised to make a splash in the assisted living world for a number of reasons, including more acute care knowledge of what […]

Biggest Losers in the Brookdale-Emeritus Deal: The Big 3 REITs

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 […]

Most Popular Senior Housing News of the Week: Gentiva Downsizes; Happy Hour a Winner

In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Developers Blend Traditional CCRC with Mixed-Use, All-Ages Housing—A Midwest development partnership is mixing senior housing with primary and post-acute care as part of an intergenerational project. Senior Housing Development Boom is More Talk than Action—While new […]

Sabra, LTC Properties Still Hungry for Senior Housing Development

Some of the top healthcare-focused real estate investment trusts are spending big bucks on senior housing development, if presentations made during Tuesday’s Stifel Nicolaus conference are any indication. Sabra Healthcare REIT (NASDAQ:SBRA), Ventas (NYSE:VTR), LTC Properties, Inc. (NYSE:LTC) and Aviv REIT (NYSE:AVIV) all presented during the 2014 Stifel Nicolaus Senior Housing and Healthcare Real Estate […]

Closing Window of Opportunity for Major Senior Housing Company Sales

Next year’s senior housing acquisition landscape is looking more favorable for company-to-company deals compared to the past year, but time for sellers to arrange favorable blockbuster deals is running low, some analysts say.  Financial services firm Stifel Nicolaus met with management-level executives for 11 publicly traded REITs and two nontraded REITs all focused on the […]

Senior Housing REITs Face Lower ROI as Capital Costs Rise

Healthcare real estate investment trusts are starting to see less upside on senior housing deals as a result of the current interest rate and acquisitions environment, among other factors. Returns on senior housing investments are starting to decline for health care REITs due to rising interest rate that are boosting acquisition costs, analysts predict, yet […]

Senior Housing Buyers Seek Yield in Relationship-Fueled M&A

Top senior housing buyers are touting acquisition strategies fueled by relationships rather than relying on marketed properties that are often characterized by low cap rates and fierce competition.  While the strategy was initially born out of many healthcare real estate investment trusts’ desire to “lock up” the best senior housing operators and become their capital […]