The concept of senior living “without walls” is growing in popularity as providers seek innovative ways to prepare for the future, but long-term strategies can’t ignore traditional senior living communities, writes a former Sunrise Senior Living development executive. While many senior living providers, both for-profit and not-for-profit, are looking into or actively pursuing business lines […]
Sunrise Senior Living
Chicago-based Ventas, Inc. (NYSE:VTR) reported funds from operations (FFO) of $304.4 million for the second quarter ended June 30, 2013, up nearly 29% from the $236 million reported one year prior. Per diluted common share, FFO increased to $1.03 from 2012’s $0.81. Normalized FFO increased 7% to $298.4 million in the quarter, compared to last […]
Health Care REIT (NYSE:HCN) today announced it has completed the final phase of its acquisition of Sunrise Senior Living, a landmark deal valued at aggregate $4.3 billion. The acquisition, announced in August 2012, for an initial purchase price of $1.9 billion, includes 120 wholly-owned properties and five additional properties owned in joint ventures with third […]
Health Care REIT (NYSE:HCN) has been busy making big investments in 2013, already amounting to more than $5 billion during the year. The company announced in May that it was making a $1.01 billion investment in Canadian senior housing operator Revera’s $1.35 billion portfolio using a RIDEA structure on the deal. In January, the company […]
The Affordable Care Act is sure to impact the senior housing space, and the Big Three healthcare REITs expect their capital will be a crucial component for operators to stay in the game. “The winners from the operating standpoint will be able to create new operating models or paradigms to lower the cost of care,” […]
As high-quality portfolio investment opportunities for senior housing-focused real estate investment trusts (REITs) dwindle, the large-cap U.S. REITs are expected to chase growth opportunities abroad. “I would not be surprised at all to see more growth coming outside of the U.S.,” says Jeff Theiler, a research analyst with Green Street Advisors. “As the pool of large, […]
Sunrise Senior Living (NYSE: SRZ) announced Tuesday it will open the doors to 300 of its communities in June as part of a nationwide marketing push that will also include Canadian communities. Sunrise has conducted the initiative on an annual basis with 2013 marking its third year. As one of the nation’s largest provider of senior […]
Health Care REIT, Inc. (NYSE: HCN) today announced a net income of $71.8 million in the first quarter ended March 31, 2013, up 25% from $57.5 million reported one year previously. On a per-share basis, HCN earnings for the first quarter rose to $0.21 per diluted share, compared to $0.19 from the same period a […]
Brentwood, Tenn.-based Brookdale Senior Living (NYSE:BKD) is the nation’s largest senior living provider for the second year running, according to the Assisted Living Federation of America’s (ALFA) annual list. The publicly-traded senior living company has a total resident capacity of 64,354 beds among 647 properties split mostly between independent and assisted living, along with around […]
After snapping up several large ‘Class A’ senior living portfolios between 2011 and the present, real estate investment trusts (REITs), hungry to keep their margins healthy, are casting wider nets that may include off-market deals, other asset types, and new development. “The biggest challenge the REITs are currently facing is a shortage of quality properties […]
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