Brookdale preps for future with near-term plan

Nashville publicly traded senior living organization Brookdale Senior Living recently announce it would purchase 41 of the facilities it was previously leasing for a combined $610 million. It’s part of a larger plan. 

Put simply, it’s better to buy than rent, says CEO Cindy Baier. Money can be transferred to the company’s shareholders rather than their landlords, and they are granted more flexibility in how they manage the locations. Plus, a joint venture with Welltower real estate investment trust meant the company could buy five of the properties (for $175 million) below the fair market value, she told the Post.