Chicago-based Ventas, Inc. (NYSE:VTR) reported funds from operations (FFO) of $304.4 million for the second quarter ended June 30, 2013, up nearly 29% from the $236 million reported one year prior. Per diluted common share, FFO increased to $1.03 from 2012’s $0.81. Normalized FFO increased 7% to $298.4 million in the quarter, compared to last […]
Ventas
Much ado is made about the blockbuster deals made in recent quarters by the Big 3 REITs, but while Ventas, HCP, and Health Care REIT fight for the large, high-quality senior housing portfolios, smaller-cap REITs are quietly snatching up their own deals at more stable—and reasonable—cap rates. Senior Housing Properties Trust (NYSE:SNH), for example, is […]
The Affordable Care Act is sure to impact the senior housing space, and the Big Three healthcare REITs expect their capital will be a crucial component for operators to stay in the game. “The winners from the operating standpoint will be able to create new operating models or paradigms to lower the cost of care,” […]
Senior housing and medical office buildings are poised to continue their upward trend as a result of the demographics and improving economies according to Debra Cafaro, chairman and CEO of Ventas, Inc. (NYSE: VTR). Speaking with REIT.com, Cafaro said being a REIT has provided the company with a flexible business model, allowing it to focus on […]
As high-quality portfolio investment opportunities for senior housing-focused real estate investment trusts (REITs) dwindle, the large-cap U.S. REITs are expected to chase growth opportunities abroad. “I would not be surprised at all to see more growth coming outside of the U.S.,” says Jeff Theiler, a research analyst with Green Street Advisors. “As the pool of large, […]
While Ventas (NYSE:VTR) hasn’t completed any major senior housing acquisitions to date in 2013, the market for growth through acquisitions remains very strong. The Chicago, Ill.-based real estate investment trust (REIT) says there are a variety of acquisition opportunities it’s looking at, from individual properties to regional players, and large portfolios. “The market is dynamic and there […]
Senior living professionals have been moving on up the ladder, with several promotions in this edition of Movers & Shakers along along with new appointments and hires. Are you looking to shake up your own career? Look for senior housing jobs nationwide on SHN’s job board. Employers: Take advantage of our job board to look for some of […]
Long Beach, Calif.-based HCP Inc. (NYSE:HCP) recently bought 30% of a United Kingdom nursing home chain’s junior debt, according to Sky News. In the deal, HCP acquired about £175 million (about $264 million USD) of borrowings from Barchester Healthcare’s property arm at a discount from Isobel, a joint venture between private equity firm The Blackstone Group […]
Not all healthcare real estate investment trusts (REITs) are putting their money into new developments in senior housing, several REIT executives told attendees of the Assisted Living Federation of America’s conference held in Charlotte, N.C. last week. Some REITs are more willing to work with operators to fund new developments, but others are less interested. Ventas, […]
To RIDEA or not to RIDEA? That was one of the questions addressed by executives of healthcare Real Estate Investment Trusts (REITs) during the Assisted Living Federation of America’s annual expo and conference in Charlotte, N.C. last week. RIDEA, which stands for the REIT Investment Diversification and Empowerment Act, was adopted in 2008 and allows REITs and […]
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