Seniors Housing REITs, Facing Near-Term Headwinds, Pivot Away from Acquisitions

Lately, seniors housing REITs have been doing a lot of pruning. By and large, they’ve been trimming more assets than they’ve been acquiring. And it looks as though they’re not going to be putting away the pruning shears anytime soon. As of early June, Irvine, Calif.-based seniors housing REIT HCP Inc. had $863 million in dispositions either on the books or under contract for 2018. HCP aims to cut its portfolio’s share of seniors housing to around 40 percent, placing more emphasis on medical office buildings and life science properties while reducing its exposure to new supply in seniors housing.