Eskaton sells SNFs to Cypress for $35.6 million to focus on senior living, home care
By
Lois A. Bowers
Apr 10, 2023
Carmichael, CA-based provider Eskaton is selling its three stand-alone skilled nursing facilities for $35.6 million as part of a plan to “expand and enhance” the company’s offerings in independent...
Labor issues a concern for LTC portfolio operators
By
Lois A. Bowers
Nov 06, 2016
Senior living operators represented in LTC Properties’ portfolio are seeing labor costs creep up, but the shrinking labor pool represents a greater challenge to them, Wendy Simpson, the REIT’s...
Stand-alone memory care properties challenge LTC Properties in second quarter
By
Lois A. Bowers
Aug 10, 2017
LTC Properties has issued a default notice to the primary operator of stand-alone memory care communities in its portfolio and is planning to transition two properties away from the other operator of stand-alone...
‘Challenging public policy environment’ awaits senior living in 2021
By
Lois A. Bowers
Jan 07, 2021
The results of the November election and this week’s runoffs, combined with the COVID-19 pandemic, present an environment for senior living “unlike any it has seen in its 30-plus years,” according...
Activist shareholder criticizes Brookdale Senior Living performance, board days before earnings call
By
Lois A. Bowers
Jul 31, 2019
One week before Brookdale Senior Living’s second-quarter earnings call, activist shareholder Land & Buildings issued another open letter to fellow shareholders on Tuesday, saying the country’s largest...
CareTrust REIT is ‘locked and loaded to grow,’ CEO says
By
Lois A. Bowers
May 06, 2024
The overall financial environment, $345 million in cash on hand and an undrawn $600 million line of credit mean that CareTrust REIT is “locked and loaded to grow in a meaningful way for the next few...
Brookdale in ‘seventh inning’ of portfolio pruning, CEO says
By
Lois A. Bowers
Nov 07, 2018
Brookdale Senior Living is in the “seventh inning” of trimming the size of its portfolio through community sales and lease terminations, CEO Lucinda “Cindy” Baier said Tuesday on the company’s...
New Senior completes $640M acquisition
By
Lois A. Bowers
Aug 19, 2015
New Senior Investment Group has completed its previously announced $640 million acquisition of 28 independent living properties from affiliates of Holiday Retirement, the real estate investment trust announced.
‘Painful’ Brookdale property transitions, sales help make HCP ‘unrecognizable’ from 2 years ago,...
By
Lois A. Bowers
Nov 01, 2018
Greatly reducing the concentration of Brookdale Senior Living properties in its portfolio has been part of a “whirlwind of activity” that has led to HCP being “very unrecognizable from the HCP of...
LeadingAge Ziegler 150 has new #1 for 2015
By
Lois A. Bowers
Sep 04, 2015
A new system tops the LZ 150 list of the country’s largest not-for-profit multi-site senior living organizations for the first time in the list’s history.