Global alternative investment manager Apollo Global Management is the previously unannounced buyer of 22 Brookdale Senior Living communities from real estate investment trust HCP for $428 million, according to Bloomberg, citing "a person with knowledge of the matter."
HCP provides update on transactions that reduce Brookdale exposure in portfolio ... Report: Most Florida assisted living communities still don't have generators ... Verma unveils state Medicaid scorecard but refuses to judge efforts
It may be several years before demand catches up with supply in senior housing, but HCP expects to outperform the competition through five major initiatives, Executive Vice President and Chief Investment Officer Scott M. Brinker said Thursday on the real estate investment trust's first-quarter earnings call.
HCP is transitioning the management of 24 senior housing communities that it owns from Brentwood, TN-based Brookdale Senior Living to Louisville, KY-based Atria Senior Living, the Irvine, CA-based real estate investment trust announced Monday.
The severe flu season and supply issues that seem to be affecting occupancy among some senior living operators don't appear to be having as much of an effect in National Health Investors' portfolio, leaders of the real estate investment trust said Friday during an earnings call.
Real estate investment trust HCP is selling six Brookdale Senior Living properties to Brookdale and selling or transitioning 68 other Brookdale properties to other operators, REIT executives said Tuesday during an earnings call.
Retirements, promotions and appointments at the Armed Forces Retirement Home, Blueprint Healthcare Real Estate Advisors, Epoch Senior Living, Golden West, HCP, HJ Sims, LCB Senior Living, LifeSpan Network, the National Investment Center for Seniors Housing & Care, SoftWriters, Springpoint Senior Living, Timber Ridge at Talus, the Veterans Home at King and Welltower.
Welltower has settled a lawsuit against a former employee, and the terms will push back his start date with a competitor about two months, executives said Tuesday. During an earnings call, they also discussed Brookdale Senior Living, natural disasters and transitioning one operator from a triple-net to RIDEA structure.
HCP will reduce the exposure to Brookdale Senior Living in its portfolio and Brookdale will gain more flexibility to negotiate to sell some or all of its assets in a series of transactions announced Thursday that the CEOs of both companies are calling a "win-win."
Real estate investment trust Ventas has been named to the Dow Jones Sustainability North America Index for the first time and has been ranked the top healthcare REIT by GRESB in its assessment of real estate environment, social and governance factors.
Welltower is the top-ranked seniors housing-related entity on Revista's new list of Top 50 Owners of Medical Real Estate. See what other companies made the list.
As senior living providers in Florida brace for the possible effects of Hurricane Irma, operators with properties in Texas are beginning relief efforts to help those affected by Hurricane/Tropical Storm Harvey.
Chicago-based Enlivant Senior Living for the first time is ranked among the top 10 largest senior housing owners in the United States on the 2017 ASHA 50 list.
Brookdale Senior Living properties negatively affected the performance of HCP's senior housing operating portfolio in the second quarter as the country's largest senior living operator experienced a higher-than-expected decline in occupancy due to under-spending on marketing and sales, above-average turnover of sales directors and distractions caused by discussions about its future, HCP leaders said Tuesday in an earnings call.
Healthcare real estate investment trust HCP still expects Scott Brinker to join the company in January as executive vice president and chief investment officer, despite allegations from his former employer, Welltower, that he violated the terms of his separation agreement by entering into discussions with a competitor, HCP Executive Chairman Michael McKee said Tuesday during a second-quarter earnings call.
A preliminary injunction hearing has been set for May 25 as real estate investment trust Welltower sues its former executive vice president and chief investment officer, Scott M. Brinker, alleging that he violated the terms of his separation agreement from the company by entering into discussions with competing REIT HCP that led to his being hired there.
Wage pressures and lower occupancy levels due to new supply in the marketplace are short-term issues for senior living, Thomas M. Herzog, CEO of HCP, told analysts and others participating in a first-quarter earnings call.
Appointments, transitions and honors involving the American Health Care Association and National Center for Assisted Living, Covenant Retirement Communities, HCP, LCB Senior Living, Masterpiece Living and the National Association for the Support of Long Term Care.
HCP has completed the sale of a portfolio of 64 triple-net assets leased to Brookdale Senior Living to affiliates of Blackstone Real Estate Partners VIII L.P. at the previously announced aggregate sales price of $1.125 billion, the real estate investment trust said Wednesday.
HCP Inc. continues to reduce the concentration of Brookdale Senior Living assets in its portfolio as Brookdale President and CEO Andy Smith cites "a difficult environment."
Appointments, promotions, awards and other news from Charles E. Smith Life Communities, Cornerstone Healthcare Group Holding, Erickson Senior Living, HCP, Healthcare Realty Trust, Integrace, LCB Senior Living, LeadingAge New Jersey, Lifespace Communities, Morningside Ministries, the National Investment Center for Seniors Housing & Care, New Perspective Senior Living, Presbyterian Communities and Services, Prestige Care, Sun Health at Home, Welltower, Wesley Homes and more.
HCP expects the spin-off of its HCR ManorCare portfolio into Quality Care Properties, an independent, publicly traded real estate investment trust, to be finalized Oct. 31.
Brookdale once again tops this year's ASHA 50 lists of owners and operators of senior living communities in the United States, released Wednesday. The lists do contain some changes from last year, however.
Lauralee Martin has left real estate investment trust HCP, where she was president and CEO, the company announced Monday.
Appointments, promotions and awards involving Baptist Retirement Community, CEAL, Century Park Associates, Ecumen, HCP, LeadingAge Virginia, Lifespace, Ohio Presbyterian Retirement Services, Presbyterian Communities and Services, Senior Quality Lifestyles Corp., Sun Health at Home, US Memory Care, Watercrest Senior Living, Welltower, Ziegler and more.
A symposium and new research are the anticipated outcomes of a new three-year corporate partnership announced by Argentum and real estate investment trust HCP on Wednesday.
Timothy Schoen will leave his role as executive vice president and chief financial officer at real estate investment trust HCP Inc. May 22 to become president of BioMed Realty, HCP has announced.
The National Investment Center for Seniors Housing & Care has launched a new initiative to track and report aggregated data on seniors housing actual rents using a standard file format with standard field definitions.
Will the future of assisted living see providers coordinating health and long-term care services to benefit their residents and save the healthcare system money? Healthcare policy researcher David Grabowski, Ph.D., of Harvard Medical School shares his thoughts in an exclusive interview with McKnight's Senior Living.
Brookdale Senior Living is the largest seniors housing and real estate owner and operator, according to the American Seniors Housing Association. The company tops both ASHA 50 lists for 2015.