MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
Welltower Inc.
Welltower Acquires CCRC in Florida for $130 Million Toledo, Ohio-based health care real estate investment trust (REIT) Welltower, Inc. (NYSE: WELL) has officially acquired Stratford Court of Boca Pointe, a 527-bed continuing care retirement community (CCRC) in Boca Raton, Florida, for $130 million, according to the South Florida Business Journal. The seller was Newton, Massachusetts-based REIT Senior Housing Properties […]
Welltower to Change NYSE Ticker Symbol to “WELL” Health care infrastructure company Welltower, Inc. has announced a change to its New York Stock Exchange (NYSE) ticker symbol, from “HCN” to “WELL.” The Toledo, Ohio-based company will begin trading under “WELL” on February 28. “Welltower owns, manages and has developed the largest network of premium residential senior care […]
Welltower Inc. (NYSE: HCN) ended 2017 with a few new additions. Specifically, the Toledo, Ohio-based real estate investment trust (REIT) announced on Wednesday a new addition to its executive team, as well as a new investor in its planned midtown Manhattan senior living development. Mark Shaver is set to join Welltower as the REIT’s senior […]
Comprehensive tax reform took a big step forward with the passage of a Senate bill in the early hours of Saturday morning. As House and Senate lawmakers now work on hammering out a single version of the legislation, senior housing stakeholders are speaking out about their top concerns–including, notably, a provision that could deal a major blow […]
When it comes to securing new capital, company culture and staff training may be more important than many senior housing providers realize. It’s always been critical to invest in high-quality senior living staff, industry leaders agreed during a Wednesday session at the National Investment Center for Seniors Housing & Care (NIC) 2017 Fall Conference in […]
If the recent performance of CNL Healthcare Properties is any indication, private real estate investment trusts (REITs) aren’t struggling nearly as much with senior housing occupancy as their publicly traded counterparts. The Orlando, Florida-based non-traded REIT, which is sponsored by private investment management firm CNL Financial Group, increased same-store net operating income across its portfolio […]
Ventas Inc. (NYSE: VTR) sees more similarities than differences between the senior housing markets in the United States and the United Kingdom and is bullish on the prospects for growth across the pond. That’s according to Carrie Hiebeler, a senior investment officer with the Chicago-based real estate investment trust (REIT), one of the largest senior […]
Health care real estate investment trust (REIT) HCP Inc. (NYSE: HCP) was weighed down last quarter by trouble and confusion at the nation’s largest senior living provider. In response, the Irvine, California-based company intends to continue reducing its exposure to Brookdale Senior Living (NYSE: BKD)—and the fate of the provider remains very much in the air. […]
Senior housing may have been the highlight of Welltower Inc.’s (NYSE: HCN) latest quarterly performance, but the company is still trying to offset lower occupancy with higher rates. The Toledo, Ohio-based health care real estate investment trust (REIT) enjoyed a “really solid quarter” with “very strong performance across the board,” analysts noted during the company’s second-quarter 2017 earnings call on Friday. […]
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