After three years of effort to reposition its leadership, investment strategy and portfolio, the time finally came for real estate investment trust HCP to take on a whole new identity. The company will be known as Healthpeak (NYSE: PEAK) going forward. “Today marks the beginning of a new chapter in our history,” CEO Tom Herzog […]
Welltower’s (NYSE: WELL) senior housing portfolio performance drove strong earnings in the first quarter of 2019, which also included notable transactions such as the $290 million disposition of a triple-net leased portfolio operated by StoryPoint Senior Living. The Toledo, Ohio-based health care real estate investment trust (REIT) on Tuesday reported total revenue of 1.27 billion […]
To use a baseball analogy, Brookdale Senior Living’s (NYSE: BKD) portfolio restructuring strategy is now in the late innings, and President and CEO Cindy Baier is looking to her bullpen to hold a narrow lead. “I would say we’re at the seventh inning of our strategy,” Baier said during the Brentwood, Tennessee-based company’s Q3 earnings call […]
Welltower Inc.’s (NYSE: WELL) senior housing occupancy declined as expected in the first quarter of 2018, according to an earnings report published late on Wednesday. The Toledo, Ohio-based health care real estate investment trust (REIT) also announced it has reached an agreement to acquire Quality Care Properties (NYSE: QCP) in a $1.95 billion, all-cash transaction. In […]
Leaders in both senior living and skilled nursing are confident that the pace of mergers and acquisitions will hold steady or accelerate in the year ahead. More than 150 senior housing and health care company executives weighed in on the 12-month outlook for the industries as part of a new survey from Capital One, a financial holding […]
Though senior housing transaction dollar volume has recently tumbled, some big mergers and acquisitions in the pipeline should cause it to rebound later this year, according to the preliminary data for the second quarter of 2017 from the National Investment Center for Seniors Housing & Care (NIC). This quarter, $1.4 billion worth of senior care properties changed hands, […]
Fresh from raising $737 million in equity for a new investment fund, ROC Seniors Housing Fund Manager LLC already has acquired more than $1 billion worth of senior housing and medical health care properties within the last month, ROC Seniors CEO Robb Chapin tells SHN. The completed fund, ROC Seniors Housing and Medical Properties Fund 1, […]
Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected […]
Health Care REIT, Inc. (NYSE:HCN) Friday reported record-high operating results for the quarter ended June 30, 2014, attributing its performance to partnerships with best-in-class seniors housing and post-acute operators and strong regional health systems. The real estate investment trust completed a record quarter of earnings with normalized Funds from Operations (FFO) per share of $1.06, representing […]
Health Care REIT (NYSE:HCN) is looking to build upon the record growth of its senior housing portfolio with a near-$400 million joint venture investment with a California senior housing operator. During the first quarter ended March 31, 2014, Health Care REIT made $542 million of investments, of which the company invested $386 million to acquire […]
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