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 […]
Ventas
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 (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 […]
Three major players in the U.S. senior housing industry are rumored to be interested in acquiring a London-based firm with more than 200 care homes in the United Kingdom. The U.K. company, Barchester Healthcare, was put up for sale in June for a sale price of at least £2.5 billion, or roughly $3.1 billion. Two real […]
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 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 (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, 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 […]
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 […]
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 […]
