Less than two weeks before a special meeting at which shareholders will vote on whether to merge with fellow real estate investment trust Welltower, Quality Care Properties announced that it had reached an agreement to resolve two related class action lawsuits.
A potential rival to real estate investment trust Welltower's plans to merge with Quality Care Properties has withdrawn its acquisition proposal and no longer is considering a transaction with the company. QCP made the disclosure Monday in a filing with the SEC in which it also revealed two class action lawsuits related to the proposed Welltower merger.
Brookdale Senior Living and real estate investment trust Welltower announced lease restructuring plans Wednesday that will result in 63 senior living communities transitioning to different operators.
Quality Care Properties has announced a July 25 date for a special meeting where stockholders are expected to vote on a proposed merger with Welltower and multimillion dollar "golden parachute" payments for some executives.
Quality Care Properties said Tuesday that its board continues to recommend that stockholders approve the merger agreement with real estate investment trust Welltower that was announced in April, although it also announced that it is investigating an acquisition proposal from a third party that "could reasonably be expected to lead to a 'superior offer' as defined in the merger agreement."
Quality Care Properties said Tuesday that it is investigating an acquisition proposal that "could reasonably be expected to lead to a 'superior offer' " to the one announced in April with real estate investment trust Welltower.
Welltower CEO Tom DeRosa on Wednesday defended the decision to keep HCR ManorCare's leadership team in place as the real estate investment trust gains a stake in the operator through a deal with the ProMedica health system. His remarks came after an attendee at an investor conference called the company a "steaming pile of real estate."
Welltower and ProMedica Health System have formed a joint venture to facilitate the acquisition of HCR ManorCare and Arden Courts real estate assets from their landlord, Quality Care Properties, the real estate investment trust and regional not-for-profit healthcare system announced as Wednesday turned into Thursday.
Panelists at a Thursday educational session at the National Investment Center for Seniors Housing & Care's Spring Investment Forum in Dallas shared advice for addressing senior living's No. 1 challenge: recruiting and retaining workers.
Real estate investment trust Welltower and international real estate firm Hines officially broke ground Monday for a 16-story, 130,000-square-foot tower that will house Midtown Manhattan's first purpose-built assisted living and memory care community.
Welltower executives said that they hope Brookdale Senior Living can focus on fundamentals now that the company has announced turnaround plans that include a management shake-up in the wake of the rejection of a buyout offer.
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.
Global investment firm KKR announced Wednesday that it has closed on a $2 billion fund that will invest in senior living communities as well as apartment buildings serving all ages.
Toledo, OH-based Welltower has agreed to pay $368 million to Newton, MA-based Senior Housing Properties Trust for four rental continuing care retirement communities managed by Sunrise Senior Living, the real estate investment trusts announced Tuesday.
Promotions and appointments at Buckner Retirement Services, Cura Hospitality, Elkco Properties, Erickson Living, Friendship Village, RED Mortgage Capital, Solera Senior Living, Validus Senior Living 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.
Appointments and promotions involving Erickson Living, Front Porch, Legacy Senior Communities, National Lutheran Communities & Services, New Jewish Home and Welltower.
Eighty percent of baby boomers who live in large cities want to keep living there after they turn 80 — either in their current homes or someplace nearby, according to the results of the 2017 Aging in Cities survey commissioned by Welltower.
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.
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.
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.
Back-to-back earnings calls Friday morning suggested a healthy future for senior living operators, as two large public healthcare real estate investment trusts relayed the growing place that senior living has in their portfolios.
The seniors housing operating portfolio was "the highlight" of the second quarter for Welltower, "with meaningful outperformance relative to our budget," Shankh Mitra, the real estate investment trust's senior vice president for finance and investments, told participants in a second-quarter earnings call Friday.
Appointments and awards involving Community at Asbury Place, Brookmeade, Era Living, Erickson Living, Hebrew SeniorLife, Sage Senior Living, Sodexo, Springpoint Senior Living and Welltower.
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.
Efforts to repeal and replace the Affordable Care Act ultimately could contain good news for seniors housing, Welltower CEO Thomas DeRosa said Friday during the real estate investment trust's first-quarter earnings call.
Hospitals increasingly are seeing senior living communities as part of a solution to lowering their risk associated with older adults, Welltower CEO Tom DeRosa told analysts participating in an earnings call on Wednesday. His remarks came as the REIT announced a new partnership with Johns Hopkins Medicine.
Welltower has a "solid" relationship with Brookdale Senior Living but is not looking to increase its holdings in the company, the healthcare real estate investment trust's executives told analysts participating in an earnings call on Wednesday.
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.