Nearly one-third of Ventas’ (NYSE: VTR) portfolio is exposed to excess supply pressures in specific markets, the health care real estate investment trust (REIT) revealed in its quarterly earnings call on Friday. Results for the third quarter were not poor across the board, but revenue badly missed expectations as supply concerns, along with challenges in […]
Health care real estate investment trusts are taking on a modern mantra: Green is good for business. Recent research shows that companies with higher sustainability scores actually outperform their peers, and REITs like Ventas (NYSE: VTR) are investing heavily to improve their sustainability profiles. Earlier this fall, Ventas was named the 2015 Healthcare Sector Global Leader and […]
After a year of record transaction volume across senior living, the “Big Three” senior housing REITs now are taking aim at a different asset class by allocating more resources through very different strategies. With chatter that blockbuster portfolio transactions in senior housing are harder to come by, HCP Inc. (NYSE: HCP), Welltower Inc. (NYSE: HCN) and Ventas […]
Interplay between skilled nursing facilities (SNFs) and assisted living communities is certainly nothing new, but some signs suggest it makes more sense than ever to co-locate these services. Yet, even with the implementation of the Affordable Care Act and further emphasis on moving patients through the continuum of care as efficiently as possible, industry leaders see […]
National Health Investors (NYSE: NHI) will not be “changing its stripes,” but its new CEO is aiming for growth by putting boots on the ground in new regions and being more proactive about opportunities in the real estate investment trust’s own backyard. Portfolio diversification is another goal, as the new leader is exploring what he terms […]
Laurie Bebo, former CEO of Assisted Living Concepts Inc., has been ordered to pay $4.2 million in civil penalties for violating the Securities and Exchange Act by administrative law judge Cameron Elliot. The initial decision concludes a long-fought battle against Bebo after the Securities and Exchange Commission filed suit against her last year. The decision also […]
Brookdale Appoints New Director and Non-Executive Chairman of the Board Brookdale Senior Living (NYSE: BKD), the largest senior living operator in the U.S., announced that its Board of Directors has appointed Daniel Decker as Class I director and the non-executive chairman of the board in replacement of the late Granger Cobb, effective Oct. 1. “Dan is […]
Big Rock Partners, a real estate investment firm, recently announced it will break ground on a new senior living community in southern Palm Beach County, Florida, after securing a $68.2 million construction loan from Wells Fargo. The project is noteworthy for the involvement of Ventas Inc. (NYSE: VTR) as an equity partner, and as one […]
In yet another demonstration of the huge scale Brookdale Senior Living (NYSE: BKD) achieved by acquiring rival Emeritus last year, the company seized the No. 1 spot—with a bullet—on the American Seniors Housing Association’s annual rankings of the largest senior housing owners in the United States. Brentwood, Tennessee-based Brookdale now owns 976 properties, totaling 82,356 […]
Despite recent speculation that REIT consolidation could be on the way, Ventas Inc. (NYSE: VTR) CEO and Chairman Debra Cafaro remains bullish that growth in the senior housing industry can sustain more real estate investment trusts. Speaking as the featured guest at Crain’s Real Estate Forum in Chicago last Thursday, Cafaro said she sees room […]
