Must-Read News: Dining Trends, Missing Tortoise

Happy Monday, Senior Housing News readers! Manzano del Sol Village, a senior living community in Albuquerque, New Mexico, is missing its 115-year-old tortoise, Diablo. Nobody is more distraught about this than Delilah, a 90-year-old female tortoise and Diablo’s life partner, the Albuquerque Journal reports. Luckily, it’s unlikely that Diablo has “a wandering eye and took off […]

Brinker Responds to Welltower’s Allegations

Tensions are mounting between Welltower (NYSE: HCN) and its former chief investment officer, Scott Brinker. The Toledo, Ohio-based health care real estate investment trust (REIT) filed an amended complaint against Brinker on July 7, alleging he committed a variety of wrongdoings after leaving the company in January 2017. The complaint also painted industry rival HCP Inc. […]

Must-Read News: Top-Paid Execs, Occupancy Plunges

Happy Monday, Senior Housing News readers! Jimmy Buffett played Wrigley Field in Chicago this weekend. Unfortunately, we didn’t get a chance to interview him about his planned 55-plus active adult mixed-use community in Florida, but hearing his tunes up-close certainly made us want to eat cheeseburgers and drink margaritas. Meanwhile, to ensure you’re fully caught […]

Welltower Alleges Former CIO Conspired with Rival HCP

New alleged details have emerged regarding Scott Brinker’s contentious departure from Welltower Inc. (NYSE: HCN) and potential future employment with HCP Inc. (NYSE: HCP). The situation involves, among other things, suspiciously timed emails, the unauthorized use of a personal iCloud account, and a “networking spree” that involved Brinker “zig-zagging across the country” with proprietary Welltower […]

Senior Housing Investments & Transactions: Blackstone Deals

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 […]

Senior Housing REITs to Ride Out the Storm of 2017

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), […]

Ventas, Welltower, HCP Pegged as Top Investment Opportunities in 2017

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 […]

Foreign Investors, Private Equity Snapping Up Senior Housing Real Estate

With strong tailwinds buoyed by promising demographics, the U.S. senior housing industry has become very attractive not only to the traditional buyers of health care real estate, but also increasingly to private equity and overseas investors. As health care real estate investment trusts continue to make strategic dispositions and refocus their portfolios, foreign capital is seizing acquisition […]

Editor’s Picks: Brookdale’s Bad News, Squirrel Attack

Here in Chicago, we continue to rejoice over the Cubs’ World Series victory (!) Wednesday night. But it’s also been quite an exciting week in the world of senior housing. HCP announced it will sell a Brookdale portfolio for over a billion dollars, Welltower is disposing of $4.1 billion in assets by year’s end … […]