After a year marked by up-and-down transaction volume, senior housing real estate investment trusts (REITs) may be gearing up for a buying rebound in 2017—but don’t expect them to acquire Brookdale Senior Living (NYSE: BKD). That’s one prediction for what the year ahead will hold for the big three health care REITs, Ventas Inc. (NYSE: VTR), […]
The skilled nursing sector came under pressure in 2016, pushing Care Capital Properties (NYSE: CCP) to give a major tenant some short-term rent relief. And the “pure play” skilled nursing real estate investment trust may be expanding its scope, looking to add new asset classes to its portfolio. The difficult labor market, decreasing lengths of stay, increasing regulatory […]
Good morning! We’re back from a three-day weekend relaxed, refreshed, and ready to see what this week has in store. Before this week gets too busy, here’s a recap of what happened last week: On Wednesday, an analyst floated the idea of a potential merger between Brookdale Senior Living (NYSE: BKD) and Holiday Retirement—but then […]
Rumors of a potential sale of senior housing giant Brookdale Senior Living (NYSE: BKD) took another turn Thursday, as real estate investment trust (REIT) Ventas (NYSE: VTR) was said to be in talks to buy the company in whole or in part. The Wall Street Journal first reported the rumor, citing unnamed sources with knowledge of the […]
Fortress Investment Group (NYSE: FIG), the investment management firm behind Holiday Retirement and New Senior Investment Group (NYSE: SNR), will be acquired by Japanese technology giant SoftBank Group for about $3.3 billion in cash. The companies confirmed the deal late Tuesday, after The Wall Street Journal first reported on it. The acquisition has sparked speculation […]
Senior housing investors soon may become more concerned about the portfolio mix of the largest real estate investment trusts (REITs), as market forces have begun to favor independent living more than assisted living. In particular, investors may become frustrated with the current practice of describing properties as “majority” assisted living or independent living, Green Street […]
Challenges facing the senior housing sector likely will eat into communities’ net operating income, but this may not deter real estate investment trusts (REITs) from continuing to pursue RIDEA transactions. “…There has been an ongoing shift among health care REITs to acquire higher quality properties in operating ownership structures, which has had a profound impact […]
Rumors that private equity giant Blackstone Group is in talks to acquire Brookdale Senior Living (NYSE: BKD) circulated Tuesday afternoon. Shares of the nation’s largest senior living owner and operator surged, ending the trading day up nearly 15%. The talks are at an early stage and involve other suitors in addition to Blackstone, according to […]
Ventas Inc. (NYSE: VTR) has a bullish outlook for 2017, despite continued supply concerns and an uncertain future for the Affordable Care Act (ACA), company executives revealed Tuesday. By the end of 2017, the Chicago-based real estate investment trust (REIT) will “essentially” be out of the skilled nursing business, more than 50% of its portfolio […]
Amid greater uncertainty following the results of a tumultuous national election, health care real estate investment trusts (REITs) may be a bright spot among other real estate sectors. Just as they fared well during the recession thanks to their demand-driven real estate assets, health care REITs, including the “Big 3”—Welltower (NYSE: HCN), Ventas (NYSE: VTR) and […]
