Sunrise on Owning Versus Managing & Developing Ancillary Services

Being a senior housing manager is the core of what Sunrise Senior Living (NYSE:SRZ) does, but the company is also opportunistic in terms of buying real estate in advantageous situations, said its CEO Mark Ordan during the company’s first quarter earnings call.  “We understand the capital markets, we understand the real estate market, so if […]

In the Pipeline: Senior Housing Construction Projects (5/9/2012)

Construction—Planned Healthcare Realty Brokerage Represents Sale of Missouri CON for $17 Million Senior Care Development Healthcare Realty Brokerage, a commercial real estate brokerage and advisory services firm specializing in senior housing, long-term care, and medical office properties, recently represented senior care developer Medical Holdings, Inc., based in Arkansas, in the sale of its affiliate entity, […]

Ventas Profits Skyrocket 85% in Q1 Boosted by Acquisitions

Ventas Inc. (NYSE:VTR) saw its net income balloon in the first quarter ended March 31, 2012 to $90.6 million, an 85% increase over the previous year’s $49 million, thanks to pumped up revenue from favorable acquisitions. “Ventas continues to reap the benefits from executing on our strategy of growing and diversifying our portfolio, increasing private […]

Sunrise Jumps Out of the Red in Q1, Occupancy Levels Linger

Sunrise Senior Living, Inc. (NYSE:SRZ) reported net income Wednesday of $2 million for the first quarter ended March 31, 2012, a marked improvement over last year’s net loss of $17.7 million, helped by positive income from operations. The senior living community owner and operator brought in total operating revenues of $335.7 million, up from $320.3 […]

Recent Senior Housing & Care Transactions: Ensign, Ventas, Sunrise

Ventas Completes Previously-Announced Cogdell Spencer Acquisition Ventas, Inc. (NYSE:VTR) announced on Monday, April 2 that it had completed its previously announced acquisition of Cogdell Spencer (NYSE:CSA). “With the closing of the accretive Cogdell acquisition, Ventas is now the largest owner of medical office buildings (“MOBs”) in the U.S. with over 21 million square feet of […]

Ventas to Acquire 16 Senior Living Communities from Sunrise & Affiliates for $362 Million

Ventas, Inc. (NYSE:VTR) has agreed to acquire a 100% interest in 16 private-pay senior living communities from affiliates of Sunrise Senior Living, Inc. (NYSE:SRZ) and its institutional joint venture partner for $362 million. Sunrise will receive approximately $28 million for its 20% ownership in the portfolio and will remain the manager of the communities under […]

Movers & Shakers – People & Positions for March 2012

Early spring temperatures have given rise to the promise of summer.  While spring blooms maybe on the horizon, sprouts in the job world of senior housing are starting to appear in 2012. Looking for nice buds to plant in your organizational garden?  Post your jobs online with Senior Housing News for $50 for sixty days. […]

Who Made ALFA’s 2012 Largest Senior Living Providers List?

Senior Living Executive, the Assisted Living Federation of America’s magazine, has just released its annual list of the nation’s Top 80 Largest Providers, topped this year by Brookdale Senior Living (NYSE:BKD). The list ranks for-profit senior living operators by total resident capacity as of the first of the year, as reported by each company. “REITs […]

Is Luxury Senior Housing a Viable (or Necessary) Concept?

Sunrise Senior Living (NYSE:SRZ) recently announced that a Maryland senior condominium complex it manages is facing foreclosure due to much lower-than-expected residency, just a few months after Chicago’s The Clare filed for bankruptcy in November after being unable to keep up with bond payments thanks to the tough financial market. Are these high-profile struggles indicative […]