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Capital Senior Living President Passes, Top Stories 2016

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December 22, 2016

Top Senior Housing News Stories of 2016: A Year in Brookdale

This year, industry news was dominated by the largest senior living operator in the nation, Brookdale Senior Living (NYSE: BKD). It’s not surprising that the industry behemoth generates a lot of reader interest, but the Brentwood, Tennessee-based provider created a lot of news this year…Read More »

Capital Senior Living President Passes Away

The president and COO of Capital Senior Living (NYSE: CSU), one of the largest senior living operators in the country, has died after a battle with cancer. Keith Johannessen, who was also a member of the company’s board of directors, passed away on Dec. 20…Read More »

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Senior Housing Finance Activity: Mainstreet Health Investments, SunTrust Bank

SunTrust Banks Closes on Acquisition of Pillar Financial’s Multifamily Business SunTrust Banks Inc. (NYSE: STI) recently closed on its previously announced acquisition of all of the assets of the operating subsidiaries of Pillar Financial LLC, which includes receiving Freddie Mac, Fannie Mae, and Federal Housing Administration…Read More »

Another Activist Shareholder Urges Brookdale to Sell Off Real Estate

Another group of activist shareholders in the nation’s largest senior living provider is urging the company to monetize its assets through a major real estate sale. The group, Stamford, Conn.-based Land and Buildings Investment Management LLC, stressed Brookdale Senior Living’s (NYSE: BKD) options in a…Read More »

Shareholders Approve $58 Billion Colony NorthStar REIT

Shareholders have now given approval for the formation Colony NorthStar Inc., a behemoth real estate investment trust (REIT) that will have $58 billion of assets under management—including senior housing properties. The new company will be created by the merger of Colony Capital Inc. (NYSE: CLNY), NorthStar Asset…Read More »

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