Happy Monday, Senior Housing News readers! Sunday was National Friendship Day, and we’re celebrating with the story of four high school best friends that now live as neighbors on the seventh floor of the Brookdale Niles independent living community in Niles, Illinois. The 91-year-olds—Rochelle Schpak, Florence Burgher, Phyllis Dubow and Eileen Kritzman—met when they were […]
Ventas
Chicago-based real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) feels the wind is at its back despite some issues related to senior housing occupancy in light of a big surge in new supply opening. Ventas Chairman and CEO Debra Cafaro struck an optimistic tone during the company’s second-quarter 2017 earnings call on July 28. “We should in all […]
It should come as no surprise that leaders of the largest publicly traded real estate investment trusts in senior housing—and the nation’s largest provider—topped this list of highest paid senior living executives in 2016. Company leaders at Welltower (NYSE: HCN), Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation in 2016, which includes base salary, […]
Kindred Healthcare (NYSE: KND) has found a buyer for its skilled nursing portfolio, and its major real estate investment trust (REIT) landlord Ventas (NYSE: VTR) expects to ultimately receive $700 million from the deal. The buyer, BM Eagle Holdings, is a joint venture led by affiliates of BlueMountain Capital Management, a privately held New York-based […]
The 2016 presidential election and its aftermath have served as major talking points for those in the senior housing industry, from executives to association leaders. Major senior housing owner Ventas Inc. (NYSE: VTR), for instance, has a plan to cope with the “volatility and uncertainty in the markets, public policy and in the geopolitical sphere,” Chairman […]
The top dogs at two of the three major U.S. health care real estate investment trusts (REITs) saw their pay drop last year, according to new SEC documents. Debra Cafaro, the chairman and CEO of Chicago-based Ventas, Inc. (NYSE: VTR), saw her pay drop 11.5% to about $9.6 million in 2016, according to a proxy filing […]
Health care real estate investment trusts (REITs) underwent major refocusing last year, creating skilled nursing cast-offs, spinoffs and pure plays. Now, skilled nursing has slipped away from senior housing-focused REITs and is up for another year of challenges. While the rest of the health care system inches toward integration amid the ongoing shift toward value-based care, […]
It may seem as though concerns about senior housing oversupply are being voiced with increasing frequency—but these concerns aren’t entirely pervasive. In fact, the senior housing industry may have a fair number of people who believe that the amount of development currently taking place is “just right,” according to the Q1 2017 Quarterly Senior Housing Sentiment […]
Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]
We’ve sprung ahead! Hopefully you aren’t dragging too much after turning the clocks forward this weekend, but if you need to have an extra cup of coffee, we understand—and are happy to provide you with some reading while you caffeinate. The rumors around a potential buyout of Brookdale Senior Living (NYSE: BKD) have been swirling […]
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