These forward-looking statements reflect management's views as of the date of this press release, and the Company expressly disclaims any obligation to release publicly any updates or revisions to any of these forward-looking statements to reflect any change in its expectations. All rights reserved. These forward-looking statements are subject to various risks and uncertainties and include all statements that are not historical statements of fact and those regarding Brookdale's intent, belief or expectations. The 12-state portfolio comprises 2,453 units, including 1,874 assisted living units and 579 memory care units. If you are using a screen reader and having difficulty,please call (844) 327-3441. See Less home details. The Feb. 15 webinar "Meeting the Critical Need for Affordable Seniors Housing" focused on challenges and strategies for addressing resident needs while keeping costs down in the affordable seniors housing, In an uncertain time for the seniors housing industry, the "What Will 2023 Hold for Seniors Housing Investment & Acquisition Activity?" You have the right to withdrawal your consent To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brookdale-enters-into-agreement-to-sell-44-communities-300305221.html. The portfolio communities' revenue for the twelve months ended March 31, 2016 was approximately $89 million, and the portfolio's average occupancy for the first quarter of 2016 was 79%. Imagine your life enhanced with interesting people, a place where wellness is a reality, not a dream. For Sale: 3 beds, 2.5 baths 108 Demarest Ave, Bloomfield, NJ 07003 $599,000 MLS# 23005979 Seller relocating for work! Brookdale sold six communities and terminated a lease on one other community. The Company is committed to providing senior living solutions primarily within properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. See home details for 1592 Brookdale Dr and find similar homes for sale now in Asheboro, NC on Trulia. This single transaction divests a diverse group of communities spread across 12 states and minimizes any operational disruption. N/A. The asset was an operational outlier for Brookdale, the seller. . In the first quarter of 2019, the company reported a $42 million loss. 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Andy Smith, Brookdale's President and CEO, said, "We are pleased to continue our portfolio rationalization initiative to simplify our business model and divest communities that do not fit with our strategy. These forward-looking statements reflect management's views as of the date of this press release, and the Company expressly disclaims any obligation to release publicly any updates or revisions to any of these forward-looking statements to reflect any change in its expectations. Those twin goals were sounded again on Wednesday. We expect to use the proceeds of the transaction to primarily repay debt in another step towards deleveraging the balance sheet.. articles a month for anyone to read, even non-subscribers! Sorry, there are no recent results for popular videos. Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD. All Rights Reserved. LTC Properties Plans to Diversify Portfolio Via Possible Sale of Certain Brookdale Seni.. RBC Capital Adjusts Price Target on Brookdale Senior Living to $6 From $5, Maintains Se.. BROOKDALE SENIOR LIVING INC. Management's Discussion and Analysis of Financial Conditi.. Transcript : Brookdale Senior Living Inc., Q4 2022 Earnings Call, Feb 22, 202.. Brookdale Senior Living's Q4 Loss Narrows as Revenue Rises; Issues Q1 Guidance. Overview of the Brookdale Transactions: Sell a portfolio of 64 triple-net assets comprising 5,967 units for $1.125 billion, or $189,000 per unit, representing a trailing twelve month lease yield of 8.0%, inclusive of a portion of the rent re-allocation as described below. LEARN MORE, SPONSORED BY: AdvisorsBofA Securities acted as exclusive financial advisor to Brookdale in connection with this transaction. This represents 7.4% lease yield on the trailing 12-month rent and 0.86x rent. We are pleased to continue our portfolio rationalization initiative to simplify our business model and divest communities that do not fit with our strategy, Smith said in a press release. HHCN is part of the Aging Media Network. The final project cost came in at $310 million. 44 Brookdale Park , Rochester, NY 14609-1519 is a single-family home listed for rent at /mo. Musk Made a Mess at Twitter. NH VT RI NJ DE MD MA CT A Alabama Arizona Arkansas C California Colorado Connecticut D Delaware F Florida G Georgia I This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. The Brentwood, Tennessee-based aging services operator which offers home health, hospice and outpatient therapy services to over 17,000 patients nationwide is reportedly being provided with guidance by Bank of America and exploring various options. You have permission to edit this article. June 6, 2023 Atlanta, GA The buyer and specific properties were not disclosed. Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD. Receive industry updates and breaking news from SHN, Why a Big Year for Operator Consolidation Could Spur Senior Living Innovation, CLC CEO: Senior Living Industry Can Trim Costs, Improve Services By Embracing Value-Based Care, LCS President: Senior Living in an Even Better Spot Today Than Nearly 3 Decades Ago, SHN+ Report: The Medicare Advantage Opportunity for Senior Housing, What Integra Blowback Means for Welltowers Senior Living Strategy, the SNF Investment Landscape, ProMedica Selling Hospice, Home Care Business to Gentiva in $710M Deal, Nobodys Buying, Nobodys Selling: Tepid Market for Distressed Senior Living M&A in Early 2023, Transactions & Financings: CPF, Grace Management Add 2; Blueprint Closes Sale in Texas. When typing in this field, a list of search results will appear and be automatically updated as you type. Overall, Brookdales total revenue totaled $706 million in Q3 2020, down 13.3% compared to $815 million in Q3 2019. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. These are estimated prices.At this assisted living property, residents can receive 24-hour non-medical care while also enjoying transportation arrangement and assistance with their . The disclosure comes as no surprise. Brookdale Brookhurst Offers Assisted Living and Memory Care 27 Reviews 15302 Brookhurst St., Westminster, CA 92683 (800) 385-2527 Summary Reviews Costs Photos Amenities Description Map View Photos Get cost information Contact for Costs Find out availability Schedule a Tour Ask about payment options Get Options Brookdale operates independent living, assisted living, and dementia-care communities and continuing care retirement centers, with approximately 1,114 communities in 47 states and the ability to serve approximately 107,000 residents. Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD. Price History for 1566 Brookdale Dr. Brookdale North Gilbert is a big assisted living facility located in Gilbert, AZ. $270K. requested email address. But the steep challenges after the acquisition now are in the rearview, Smith said in May. We expect to use the proceeds of the transaction to primarily repay debt in another step towards de-leveraging the balance sheet.. Lucinda "Cindy" Baier, Brookdale's President and CEO, said, "The health and wellbeing of our residents is at the core of Brookdale's mission. Still, its home health and hospice business was strong enough to begin considering this sort of move. Brookdale is committed to providing senior living solutions primarily within properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. CEO Andy Smith has been openabout plans to trim the huge Brookdale portfolio, which grew to more than 1,100 properties in 46 states following a mega-merger with Emeritus Corp. in 2014. Recent highlights include Sri Lanka and Iceland. Senior Housing News Brookdale is a leading operator of senior living communities in the U.S. The closing of the disposition transaction, expected by the end of 2016, is subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions. To opt-in for investor email alerts, please enter your email address in the field below and select at Move right into this beautifully renovated 3-bedroom, 1.5 bath spli. Average salary for Brookdale Senior Living Real Estate Manager in Moorpark, CA: [salary]. The Company operates and manages 695 communities in 42 states as of March 31, 2021, with the ability to serve approximately 60,000 residents and 16,000 patients. The 12-state portfolio comprises 2,453 units, including 1,874 assisted living units and 579 memory care units. Birmingham, Alabama-based Enccompass Healths home health and hospice segments brought in $274.5 million in revenue over Q3 2020 and over $1 billion in all of 2019, according to company financial filings. N/A. Copyright 2023 Surperformance. These forward-looking statements are based on certain assumptions and expectations, and Brookdale's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. A replay of the webcast will be available through the website following the call. Those options include finding a private equity buyer, a pure-play strategy buyer or even a combination of the two, according to PEHub. Join us for an exciting one-day, two-track event highlighting dining, hospitality, health and wellness in senior living. Actual results could differ materially from those projected.