Fitch Ratings has announced potential revisions to its rating criteria for life plan communities and is accepting public feedback before changes are finalized. The changes…
Posts published in “Fitch Ratings”
Stability May Be Best Outcome for Life Plan Communities as Cost, Workforce Challenges Remain
Life plan communities have a number of opportunities ahead of them, and many challenges to boot. But until certain factors change, stability may be the…
Inflation, Cooler Home Prices Could Challenge Life Plan Communities in 2024
Life plan communities will continue to face a challenging road in 2024 as real estate prices slow down and inflation continues to put pressure on…
Demand Outlook Improves for CCRCs as Recession, Housing Market Fears Ease
This article is part of your SHN+ subscription A recession and a steep slowdown in home sales have yet to come to pass despite recent…
Life Plan Communities May Face Tougher Market Conditions in 2023, Demand Remains Strong
Life plan communities (LPCs) could face tougher overall market conditions in the year ahead compared to 2022, despite demand remaining strong for all care types.…
Costs, Weakening Economy Point to ‘Deteriorating’ 2023 Outlook for Life Plan Community Sector
Stubborn labor costs and the potential for more distress in the U.S. economic landscape are leading to a worsening outlook for life plan communities in…
Life Plan Operators May Shrink Nursing Wings in Response to Lasting Staffing Headwinds
Elevated staffing costs and difficulty finding workers could affect how some continuing care retirement communities (CCRCs) and life plan communities think about their unit mix…
Stability Ahead for Life Plan Communities, Housing Market May Be Future Challenge
Operational and financial health for life plan communities is projected to remain “relatively stable” in 2022 despite ongoing challenges — but certain economic conditions could…
Transactions & Financings: Moody’s Boosts Welltower’s Ratings Outlook; Friendship Village of Tempe’s $104M Bond Issuance
Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound. The…
Transactions & Financings: Griffin-American Health Care REIT Merger Complete; HumanGood Secures $120M Bond Package
Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the…
Transactions & Financings: Brookdale’s $200M Senior Note Offering; Ventas Completes $2.3B New Senior Acquisition
Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on…
Transactions & Financings: Healthpeak Closes $3B Credit Facility; Benedictine’s $132M Refinancing
Healthpeak Properties (NYSE: PEAK) has more credit at its disposal. The Denver-based real estate investment trust (REIT) announced on Monday that it closed on a…
Transactions & Financings: Five Star Offers Business Update; Front Porch’s $306M Refinancing
Five Star Senior Living (Nasdaq: FVE) this week offered a business update, covering its transition of 108 communities to new operators, as well as occupancy…
Transactions & Financings: United Church Homes & Services Rebrands; Capital Bay’s $590M European Senior Housing JV
United Church Homes and Services has a new name. The Newton, NC-based nonprofit provider is rebranding as EveryAge, in conjunction with the organization’s 50th anniversary.…
Transactions & Financings: NHI’s Completes 8-Property, $115M Holiday Portfolio Sale; Bridge Sells Community for $15M
National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909…
Transactions & Financings: Ventas Prices $500M Senior Notes Offering; HJ Sims’ $44M Refinancing for Aldersgate
Ventas (NYSE: VTR) is raising more money to shore up its financial position in the wake of its acquisition of New Senior Investment Group (NYSE:…
Transactions & Financings: Brookdale Completes Sale of Home Health, Hospice Arms; Vicar’s Landing Secures $116M Bond Financing
Brookdale Senior Living (NYSE: BKD) completed the previously announced sale of its home health, hospice and outpatient therapy business line to HCA Healthcare. The sale…
Transactions & Financings: PGIM, Greystone Facilitate Harrison Street-Oakmont Deal; Lifespace, Phoenix, Alta Grow
Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early…
Transactions & Financings: Enso Village Closes $297M Bond Funding; Acts Retirement-Life Communities Bond Rating Affirmed
Enso Village, the $300 million life plan community under development from Kendal Corporation, Greenbrier Development and the San Francisco Zen Center, now has the majority…
Transactions & Financings: Welltower’s $4 Billion Credit Facility; Ziegler’s $141M Financing Deal Volume
Welltower (NYSE: WELL) improved its near- and long-term liquidity. The Toledo, Ohio-based health care real estate investment trust closed on an expanded $4 billion unsecured…