Publicly traded and private real estate investment trusts are entering into RIDEA structures with senior housing operators at a level not seen for at least three years. This reflects that REITs have a better understanding of how RIDEA works, after an initial flurry of activity a decade ago, and they are more selective with their […]
Demand for urban senior living is increasing across the country, and the nation’s largest city is a hotbed. Given New York City’s particular market dynamics, flashy new projects are coming out of the ground, an existing community on the Upper West Side is thriving, and a real estate investment trust recently paid a historically high […]
Ventas (NYSE: VTR) has a plan to “pivot to growth” in 2020, and it sees big data and close relationships with its senior housing operating partners as key to that effort. The Chicago-based real estate investment trust (REIT) laid out its multifaceted growth strategy during its investor day presentation in Philadelphia on Tuesday. That strategy […]
Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]
Fresh off a new equity partnership with Ventas (NYSE: VTR), Quebec senior living developer and manager Le Groupe Maurice (LGM) is planning to ramp up its operations in the Canadian province of Quebec and may venture further afield. On June 3, the Chicago-based real estate investment trust (REIT) agreed to acquire LGM’s portfolio of 31 […]
Ventas (NYSE: VTR) has agreed to acquire a Canadian senior housing portfolio of 31 existing properties and four in development through an 85%/15% equity partnership with Le Groupe Maurice (LGM). The total portfolio, including the in-progress developments, is valued at $1.8 billion. Ventas’ investment will equal 85% of the total portfolio valuation, as well as […]
An upscale development in San Francisco is the first project to be unveiled by Louisville-based Atria Senior Living and New York City-based Related Cos., which last year announced a joint venture and a planned $3 billion pipeline of urban senior living communities. The San Francisco project will be a 214-room senior housing building licensed for […]
Welltower’s (NYSE: WELL) senior housing portfolio performance drove strong earnings in the first quarter of 2019, which also included notable transactions such as the $290 million disposition of a triple-net leased portfolio operated by StoryPoint Senior Living. The Toledo, Ohio-based health care real estate investment trust (REIT) on Tuesday reported total revenue of 1.27 billion […]
Ventas (NYSE: VTR) hit the ground running in the first quarter 2019 as it entered what CEO Debra Cafaro called a “pivot to growth,” which she anticipates will be fueled by increasingly favorable senior housing supply-demand dynamics. However, in the meantime, Ventas’ senior housing operating portfolio (SHOP) performance continues to be affected by elevated supply […]
New supply and other industry headwinds put a damper on Ventas’ (NYSE: VTR) senior housing portfolio in the fourth quarter of 2018, but the company sees signs those pressures might start to let up soon. Meanwhile, it’s moving to bulk up other parts of its portfolio, notably with a $1.5 billion life science pipeline. “We […]