Senior Housing Headwinds Temper Ventas’ Q3 Earnings

Ventas’ (NYSE: VTR) senior housing operating portfolio was the outlier in an otherwise rosy Q3 earnings report. The Chicago-based health care real estate investment trust (REIT) reported normalized funds from operations (FFO) of $0.99/share, two cents better than analysts’ forecasts. Ventas posted $936.5 million in revenues in Q3, a 4% increase over last year’s totals. “We continue to […]

Eclipse Launches New Independent Living Brand in 15-Community Deal

Eclipse Senior Living is beefing up its independent living side in a management deal with Apollo Global Management that includes 15 properties and the launch of a new senior living brand. The Lake Oswego, Oregon-based company said Monday it had taken on the management of 15 Apollo communities formerly operated by Brookdale Senior Living (NYSE: BKD) and scattered […]

Ventas to Acquire Brookdale Property in New York City for $194 Million

Ventas (NYSE: VTR) has struck a deal to buy some prime real estate from the nation’s largest senior living provider. The Chicago-based real estate investment trust (REIT) on Monday revealed it plans to buy from Brookdale Senior Living (NYSE: BKD) a senior housing community located in New York City’s Battery Park neighborhood for approximately $194 million. The […]

HCP ‘Making Massive Progress’ Reinventing its Senior Housing Portfolio

HCP, Inc. (NYSE: HCP) has set out to reinvent its senior housing portfolio, and company leaders believe that they are “making massive progress.” The Irvine, California-based real estate investment trust (REIT) is currently “remaking [its senior housing portfolio] in a pretty dramatic way,” switching up the properties it owns, the providers it works with, the […]

Selling Real Estate Floated as Possible Solution for Capital Senior Living

Capital Senior Living’s (NYSE: CSU) only salvation may be in its owned real estate, according to analysts from Stephens and Stifel. On Tuesday, the Dallas-based senior housing provider reported “disappointing” financial results for the second quarter of 2018, as well as a drop in occupancy for consolidated and same communities to 85.5%. Currently, Capital Senior […]

Ventas CEO Describes ‘Timing Mismatch’ in Senior Housing Supply and Demand

Despite a “challenging operating environment,” Ventas, Inc. (NYSE :VTR) remains confident in the viability of its senior housing operating (SHOP) portfolio, executives suggested on Friday. The Chicago-based real estate investment trust (REIT) reported its second-quarter 2018 earnings on July 27. The company’s second-quarter 2018 revenue of $942.3 million beat analysts’ expectations by $32.15 million, while […]

Brookdale CEO: Senior Housing Portfolio Should Be 20% Smaller Within 3 Years

Brookdale Senior Living (NYSE: BKD) is continuing to make headway with its real estate investment trust (REIT) partners as it shrinks its portfolio and re-balances from leased properties toward owned assets. Brentwood, Tennessee-based Brookdale is the nation’s largest senior housing company, with a total portfolio of about 1,010 communities. The goal is to reduce that […]