Dallas-based operator Capital Senior Living and Irvine, CA-based real estate investment trust Healthpeak Properties (formerly HCP Inc.) are ending their relationship, Capital said Tuesday in announcing a new binding agreement.
Three previously announced transactions between Brookdale Senior Living and real estate investment trust Healthpeak Properties (formerly HCP Inc.) were finalized as of Jan. 31, Brookdale said Monday.
2019 saw a total of 447 deals in the senior housing and care sector, a full-year record and 5% higher than the 2018 total of 426 deals.
Positive occupancy and revenue trends and the $1 billion in “mutually beneficial” transactions recently announced with the real estate investment trust known until last week as HCP (now known as Healthpeak) “provide further evidence of the progress we are making with our strategic plan,” Brookdale Senior Living President and CEO Cindy Baier said Tuesday.
On the eve of its third-quarter earnings call, Irvine, CA-based real estate investment trust HCP Inc. announced a new name and ticker symbol as well as the promotions of several individuals. Additionally, the REIT announced multimillion dollar deals involving Brookdale Senior Living and Capital Senior Living.
Brookdale Senior Living and real estate investment trust HCP Inc. on Tuesday touted the collaboration that led to $1 billion in “mutually beneficial” transactions that will alter the relationship between the two senior living giants.
Brentwood, TN-based Brookdale Senior Living tops the 2019 ASHA 50 list of largest U.S. senior housing operators, and Toledo, OH-based real estate investment trust Welltower tops this year’s ASHA 50 list of largest owners.
Companies operating in senior living increasingly are taking steps to make their boards and C-suites look more like the customers they serve and the workers who serve them. It’s a smart and welcome approach.
HCP continues work to transform the senior housing part of its portfolio, closing on $866 million in acquisitions in the second quarter, among other actions. The REIT’s CEO also commented on HCP’s relationship with Brookdale during the second-quarter earnings call Thursday.
HCP executives provided an update on the real estate investment trust’s relationships with Brookdale Senior Living, Capital Senior Living and other operators, as well as future plans, Wednesday during a presentation at the REITweek Investor Conference.
