Transactions & Financings: Ventas’ $1 Billion Paper Note Program, Welltower’s $400 Million MOB Acquisition

Ventas Announces $1 Billion Commercial Paper Note Program Ventas (NYSE: VTR) established an unsecured paper note program in the U.S. Unsecured notes are loans that are not backed by an issuer’s assets. Instead, they are supported only by the borrower’s creditworthiness, and have a higher rate of return. The program allows the Chicago-based health care […]

Ventas Names Chief Information Officer, VP of Investor Relations

Ventas (NYSE: VTR) has two new members on its senior management team. The Chicago-based health care real estate investment trust (REIT) announced on Friday it hired Bhavana Devulapally as chief information officer (CIO) and senior vice president. Juan Sanabria also joins the firm as vice president, investor relations. The pair will report to Ventas Executive […]

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 […]