UPDATED: LTC Properties sells, re-leases or transfers management of 35 Brookdale Senior Living communities
By
Lois A. Bowers
Jan 08, 2024
The REIT expects net proceeds of $23 million and an anticipated net gain of $17 million related to the property sales.
McKnight’s Women of Distinction Forum to feature 2 educational sessions Monday
May 16, 2023
Nine McKnight’s Women of Distinction will share pearls of wisdom and answer questions during two educational sessions next week as part of the McKnight’s Women of Distinction Forum and Awards.
Brookdale Senior Living’s HealthPlus care coordination program expands to more communities
By
Lois A. Bowers
May 10, 2023
Brookdale Senior Living’s test of a value-based care coordination program for residents delivered “extremely promising” results, and the program now is being rolled out to additional communities,...
LTC Properties to sell half of its Brookdale Senior Living communities
By
Lois A. Bowers
May 01, 2023
LTC Properties plans to sell approximately half of the 35 Brookdale Senior Living communities it owns and re-lease the other half, Chief Investment Officer and Co-President Clint Malin said Friday during...
LTC Properties ‘not sitting here waiting’ for Brookdale’s next move, CEO says
By
Lois A. Bowers
Oct 31, 2022
With Brookdale Senior Living’s lease with real estate investment trust LTC Properties up in 2023 and rumors swirling that the Brentwood, TN-based senior living operator is shopping for a buyer, the Westlake...
LTC Properties defers or abates $2 million in rent as operators feel ‘some stress’
By
Lois A. Bowers
May 02, 2022
Long-term care operators felt “some stress” in the first quarter as they continued to confront labor pressures and inflation, LTC Properties Chairman and CEO Wendy Simpson said Friday during the Westlake...
With industry ‘in midst of recovery,’ LTC Properties has near-term $100 million pipeline
By
Lois A. Bowers
Nov 01, 2021
Westlake Village, CA-based LTC Properties has a “near-term pipeline” valued at more than $100 million as the long-term care industry is “firmly in the midst of a recovery,” executives said Friday...
The effects of COVID-19 have not escaped the senior living and skilled nursing operators in LTC Properties’ portfolio, executives shared Monday on the real estate investment trust’s first-quarter 2020...
Wendy Simpson to be honored with 2020 McKnight’s Women of Distinction Lifetime Achievement Award
By
Lois A. Bowers
Mar 02, 2020
LTC Properties President, CEO and Chairman Wendy Simpson has been chosen as the second recipient of the McKnight’s Women of Distinction Lifetime Achievement Award.
LTC Properties expects to ‘dig deep’ for transactions; older buildings, senior apartments of interest
By
Lois A. Bowers
Feb 24, 2020
For 2020, “early indications show that we will have to dig deep to find the kinds of transactions that best benefit our shareholders,” Westlake Village, CA-based LTC Properties’ Chairman, Chief Executive...