Business
Brookdale Announces Completion of Two Previously Announced Portfolio Acquisitions, Increasing the Company's Real Estate Ownership Position
Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced the February 27, 2025 closing of two portfolio acquisitions, completing its three-portfolio acquisition plan initially announced in September 2024. Through ownership of these communities, including the portfolio acquisition completed in December 2024, Brookdale is realizing predictable high-yielding returns on 41 assets from improved cost of capital and is increasing its owned real estate portfolio.
About this update from Brookdale Senior Living Inc.
[{"type":"text","content":"NASHVILLE, Tenn., March 3, 2025 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced the February 27, 2025 closing of two portfolio acquisitions, completing its three-portfolio acquisition plan initially announced in September 2024. Through ownership of these communities, including the portfolio acquisition completed in December 2024, Brookdale is realizing predictable high-yielding returns on 41 assets from improved cost of capital and is increasing its owned real estate portfolio.","length":563,"tagName":"p"},{"type":"image","alt":"Brookdale Announces Date of Second Quarter Earnings Release and Conference Call (PRNewsfoto/Brookdale Senior Living Inc.)","displaySize":"","headline":null,"caption":"Brookdale Announces Date of Second Quarter Earnings Release and Conference Call (PRNewsfoto/Brookdale Senior Living Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":105,"url":"https://media.zenfs.com/en/prnewswire.com/239adc078e3613630cf197832bd65640"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NcEd8YsWHjlRO7DNIgtwHQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/239adc078e3613630cf197832bd65640","width":400,"height":105}},"href":"https://mma.prnewswire.com/media/687685/Brookdale_Senior_Living_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We believe that Brookdale is positioned to create significant value over the next several years as we take advantage of favorable senior living industry dynamics, driven by constrained supply, an aging population, and an escalating need for high-quality, specialized services," said Lucinda ("Cindy") Baier, Brookdale's President and CEO. "Through community ownership, Brookdale can fully benefit from this powerful growth outlook rather than sharing in the value-creation from our operations. We are proud that by year end we expect to own more than 75% of our consolidated unit count."","length":622,"tagName":"p"},{"type":"text","content":"Acquisition Transactions ","length":24,"tagName":"p"},{"type":"text","content":"Closing of Welltower Portfolio AcquisitionThe Company acquired five communities (686 units) previously leased from Welltower Inc. for $175 million. The commun...