Last week ended with the news that Brookdale reportedly is considering a sale of the company. A Brookdale sale would radically change the senior living industry. But such a transaction would not be a shock, considering how many times in the past the Brentwood, Tennessee-based company has appeared ready to change hands. And those past […]
Welltower
Rising interest rates and continued expense pressures are complicating the future visibility of Welltower’s (NYSE: WELL) fourth quarter earnings. Welltower management noted in a business update Tuesday that the company’s expected fourth-quarter 2022 funds from operations (FFO) per share are expected to see a new headwind of roughly three cents per diluted share headwind as […]
Transactions Walker & Dunlop Surpasses $1.3B in 2022 Walker & Dunlop announced that it sold $1.3 billion in seniors housing and long-term care facilities from January through July this year — the highest mark for a half-year in company history. Recently, Walker & Dunlop closed on a 25-community portfolio of age-restricted active adult communities in […]
Financings Related Companies, Atria Expand Luxury Coterie Pipeline Related California, part of Related Companies, announced $690 million in construction financing for a luxury residential development in Santa Clara, California that will include a senior living community. Otera Capital provided a $360 million construction loan for 509 luxury residences and PNC Bank provided a $130 million […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Welltower, Atria Senior Living luxury residences to see construction soon A plan to bring luxury senior living residences to Santa Clara, California by Welltower […]
Over the past two weeks, executives of publicly traded senior living companies shared quarterly earnings results. I was particularly struck by the words of Welltower (NYSE: WELL) CEO Shankh Mitra, who called the company’s second-quarter results “mediocre at best.” We’re used to CEOs taking pains to stress the positives in earnings, and there were positives […]
Despite senior housing net operating income approaching pre-Covid levels in the second quarter of 2022, Welltower (NYSE: WELL) CEO Shankh Mitra sees those results as “mediocre at best.” But that is not because he believes the company’s senior housing partners did especially poorly during the quarter. Instead, he sees a much longer runway for unlocking […]
With National Healthcare Investors’ (NYSE: NHI) year-long effort to optimize its portfolio nearly complete, the company is once again renewing its focus on growth in the future. The Murfreesboro, Tennessee-based real estate investment trust (REIT) made more progress pruning its portfolio in the second quarter of 2022 and bringing new operators into the fold, and […]
Another high-rise senior living community from Welltower (NYSE:WELL), Sunrise Senior Living and Hines is coming together in New York City — and now it has a name. The three companies today announced the new project on New York City’s Upper West Side is called The Apsley by Sunrise. As planned, the 19-floor community will have […]
Welltower (NYSE: WELL) is transitioning a 12-property senior living portfolio to operating partners Oakmont Senior Living, Kisco Senior Living and Cogir Management USA. The portfolio spans 2,000 assisted living units in the Los Angeles, San Francisco and Seattle metro areas, and includes more than half of the communities Welltower purchased from Vintage Senior Living for […]
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