Ventas CEO: We’re Seeing ‘Most Favorable’ Senior Living Supply-Demand Dynamics Ever

The slow rate of new construction starts and looming demand from the baby boomers have led to “the most favorable supply demand fundamentals the industry has ever experienced,” according to the top leader of Ventas (NYSE: VTR). Thanks to those conditions, Ventas CEO Debra Cafaro laid out that she sees “a compelling backdrop for multi-year […]

Brookdale Battles Through First Inning of Turnaround, Gains Some Momentum

Brookdale Senior Living (NYSE: BKD) may only be in the “first inning” of its turnaround—but the company’s leadership is making progress on improving operations, and investors appear to like what they see. The Brentwood, Tennessee-based senior housing provider reported its first-quarter 2018 financial results on Monday after market close. Overall, the company posted a $457.2 million […]

Ventas Restructures Brookdale Leases, Asset Sales Could Follow

Ventas, Inc. (NYSE: VTR) has officially renegotiated its leases with the nation’s largest senior housing provider, which recently turned to new leadership and is focused on a turnaround. The deal could also facilitate additional asset sales. Specifically, the Chicago-based real estate investment trust (REIT) on Friday announced it has entered into definitive agreements with Brookdale Senior […]

Movers & Shakers: Brookdale Hires Interim CFO, Ventas’ New MOB Leader

Brookdale Senior Living Hires Interim CFO Brookdale Senior Living’s board of directors has appointed Teresa Sparks as the company’s interim CFO, effective March 28. Sparks is taking over for Lucinda Baier, who left the CFO role to become Brookdale’s new president and CEO last month. The company will continue to search for a permanent CFO during Sparks’s […]

Sabra CEO: No Reason to Panic Over Senior Housing Downturn

Despite senior housing industry headwinds, don’t expect real estate investment trusts (REITs) to be taking aggressive steps to cut rents or lower escalators for operators as they have been for skilled nursing tenants. That’s according to Rick Matros, CEO of the Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). Some other REITs are more focused on […]

Headwinds Batter Senior Housing REITs as 2018 Begins

It’s still early in what analysts had predicted would be an “eventful” earnings season for health care real estate investment trusts (REITs), but several telling themes have emerged in the reports released thus far, and they show a industry under duress. Beyond a harsher-than-normal flu season and concerning levels of new supply, health care REITs—and senior housing REITs, […]

Ventas Blames Supply-Demand Mismatch for Occupancy Decline

Ventas, Inc. (NYSE: VTR) is currently experiencing the negative repercussions of a supply and demand “mismatch,” Chairman and CEO Debra Cafaro explained during the company’s fourth-quarter and full-year 2017 earnings call on Friday. Specifically, the Chicago-based real estate investment trust (REIT) felt occupancy pressure in 2017, and the pressure is expected to continue well into […]

Atria Plans $1 Billion in Real Estate Ventures After Capital Raise

Fresh off of a major capital raise, the nation’s seventh-largest senior housing provider is now planning to invest $1 billion in real estate ventures in high-barrier-to-entry markets. Senior executives at Louisville, Kentucky-based Atria Senior Living recently sold 50% of their ownership interest in the company’s management business to Fremont Realty Capital, Atria announced Wednesday. Atria […]

Kindred Healthcare Sold in $4.1 Billion Deal

Kindred Healthcare (NYSE: KND) on Tuesday announced a definitive agreement to be acquired by a consortium of three companies—Humana Inc. (NYSE: HUM); TPG Capital; and Welsh, Carson, Anderson & Stowe (WCAS)—for about $4.1 billion in cash. The deal is anticipated to close during the summer of 2018, pending certain closing conditions and agreements among stakeholders. Ventas […]

Ventas CEO: Brookdale Can and Should Operate Better

Ventas Inc. (NYSE: VTR) is showing some tough love to senior housing giant Brookdale Senior Living (NYSE: BKD). The Chicago-based health care real estate investment trust (REIT) is continuing to work with Brookdale, which the REIT believes “can and should operate better,” Ventas Chairman and CEO Debra Cafaro said during a presentation at the Bank of America […]