by Steve Monroe | Nov 10, 2023 8:18 am | Acquisitions
Blueprint was brought on by a publicly traded REIT to facilitate the sale of an assisted living community in Lakeland, Florida. At the time of marketing, the community’s performance was trending back upward following a decline in 2020 and 2021. It was built in 2001... Read More »
by Steve Monroe | Nov 8, 2023 8:34 am | Developments
Omega Healthcare Investors, which is approximately 75% skilled nursing and 25% seniors housing, and the largest institutional owner of SNFs, reported a mixed third quarter. While, the financial performance exceeded management’s expectations with unanticipated rent... Read More »
by Steve Monroe | Nov 8, 2023 8:32 am | Developments
So far, so good, with everyone’s third quarter earnings results. And that is the way it should be, since the third quarter has almost always been the best quarter, at least as far as occupancy is concerned. For Brookdale Senior Living, it was no different, with seven... Read More »
by Steve Monroe | Nov 8, 2023 8:29 am | Developments
Coming off its solid third quarter earnings, Welltower sold 17.5 million common shares yielding gross proceeds of $1.5 billion. The selling price was at a small discount to the market price. If the underwriters exercise their option, another 2.725 million shares could... Read More »
by Steve Monroe | Nov 5, 2023 10:06 pm | Developments
Welltower came out of the blocks first with its third quarter results, and it was quite impressive. The second largest healthcare REIT, Ventas, reported at the end of last week, and while the results were not quite as good as Welltower’s, it was close, and Ventas... Read More »