• Ventas Posts Strong 2025 Results and Continues SHOP Momentum

    One of the big REITs, Ventas, reported its fourth quarter and full-year 2025 results, and its activity was impressive, with the company continuing to outperform many of its peers. A full comparison will have to wait for Welltower’s earnings release, but Ventas nonetheless posted a strong year.  In the fourth quarter, Ventas’ U.S. portfolio... Read More »
  • Ensign Delivers Strong Q4 and Full-Year 2025 Results

    The Ensign Group posted a strong fourth quarter and full-year 2025. The company reported that FFO was $75.2 million for 2025, an increase of 28.3% over 2024, and $20.4 million for the quarter, an increase of 33.9% over the prior year quarter. Same facilities and transitioning facilities occupancy for the year were 82.9% and 84.2%, increases of... Read More »
  • Omega Reports Continued Momentum

    Omega Healthcare Investors announced its fourth quarter and full-year 2025 results, completing approximately $334 million in fourth quarter investments, which consisted of $52 million in real estate acquisitions, $16 million in real estate loans and $266 million in unconsolidated entities. In 2025 Omega completed $1.1 billion in new investments,... Read More »
  • Senior Lifestyle Recapitalizes Two Communities

    Senior Lifestyle participated with its capital partners in the recapitalization of North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia. Both communities were developed by Senior Lifestyle and will continue to be operated by the company following the transaction. North Shore Place is a 188-unit assisted... Read More »
  • Berkadia Announces 2025 Activity and Latest Deal

    Berkadia recorded another successful year, with more than $2 billion in mortgage banking closings for the second consecutive year. In 2025, Berkadia’s financings were spread across 123 properties including active adult, independent living, assisted living, memory care and skilled nursing communities. Multiple lending sources were utilized, such... Read More »

Welltower builds up

When Welltower announced its Q3:15 earnings, they revealed a host of seniors housing transactions closed in that period, totaling $361 million in investments. The largest purchase was for three seniors housing properties in Colorado (2) and Utah (1), with a combined 461 units. Welltower paid $155 million, or $336,200 per unit, for the properties, which are all managed by the company’s new operating partner, Leasure Care. There is a new master lease with a corporate guarantee, 6.0% initial yield and 3.0% annual escalators. The properties are expected to have a 1.1x stabilized lease coverage ratio after management fee. For the other third quarter acquisitions, prices ranged from $15 million... Read More »