Senior Housing Stocks

Entries Tagged as 'Senior Housing Stocks'

Brookdale Senior Living Suspends Dividend & REITS Conserving Cash

January 1st, 2009 · No Comments

Brookdale Senior Living Inc, (NYSE:BKD) announced on December 30th, 2008 after the markets closed that its Board of Directors has voted to suspend the Company’s quarterly cash dividend indefinitely. The company is looking to retain capital for financial flexibility. The company had been paying a quarterly dividend of 25 cents per share this year. “Given […]

Emeritus Senior Living Closes On Purchase Of Ventas Affiliated Communities

December 23rd, 2008 · No Comments

Earlier this week, Emeritus Senior Living announced that it closed on the purchase of five communities from affiliates of Ventas, Inc. (NYSE: VTR). The five communities were formerly leased by the Company and were acquired for a purchase price of $62.5 million, plus transaction costs of approximately $3.3 million and are comprised of 432 units […]

Capital Senior Living Suspends Development Activities in 2009

December 17th, 2008 · No Comments

Capital Senior Living Corporation, one of the country’s largest operators of senior living communities, announced that it plans to suspend further development activities following the opening in the first half of 2009 of the two remaining communities under development. The Company believes that it is prudent to discontinue further development until general business conditions improve […]

American Land Lease Agrees To Be Acquired By Private Equity Group

December 11th, 2008 · No Comments

Earlier this week, American Land Lease Inc (ANL.N:)a real estate investment trust, agreed to be acquired by private equity investment firm Green Courte Partners LLC for $14.20 a share in cash - roughly a 200% percent premium to the stock’s closing price on Tuesday. Green Courte will acquire the company for $438 million, including assumption […]

Brookdale Senior Living Owners Liquidate Shares For Margin Calls

December 9th, 2008 · No Comments

Fortress Investment Group, a 10% owner of of Brookdale Senior Living, liquidated a substantial portion of its equity holdings in order to meet its margin calls late last month. According to Brookdale Senior Living’s SEC Filings, Fortress and its affiliates sold over 100 million shares. Their 8-K stated that:
On November 28, 2008, Fortress Investment Group […]

Sunrise Receives Proceeds from Venture Refinancing

December 8th, 2008 · No Comments

Sunrise Assisted Living Inc (SRZ) announced last week the receipt of approximately $8.3 million of proceeds resulting from the refinancing of the existing debt of one of its joint ventures. As disclosed last week by Ventas, Inc., a venture owned 85 percent by Ventas and 15 percent by Sunrise closed eight first-mortgage loans with Freddie […]