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Brookdale to buy 17 Senior Living communities in $157M deal, refinances debt through 2031. Brookdale Senior Living is deepening its ownership of senior housing assets while extending its debt maturity profile, announcing a $157 million acquisition of 17 communities alongside a $249 million refinancing that eliminates mortgage maturities until 2028. The twin transactions advance Brookdale's long-term strategy of owning more of the real estate it operates, reducing lease obligations, and improving cash flow as demand for senior housing continues to recover. The acquisition is expected to close during the fourth quarter of 2026. Brookdale expands its owned real estate portfolio. Brookdale has entered into a definitive agreement to acquire the real estate underlying 17 senior living communities that it already leases and operates. The portfolio includes: * 735 assisted living and memory care units * Properties located across four U.S. states * Communities that largely complement Brookdale's existing operating footprint Once the transaction closes, Brookdale expects approximately 77% of its consolidated units to be company-owned, further reducing its reliance on leased properties. Management said acquiring existing operating communities at prices below replacement cost remains a key component of its real estate strategy. Lower rent, higher earnings. Beyond increasing ownership, the acquisition is expected to improve Brookdale's financial performance. The company estimates the deal will reduce annual cash rent payments by approximately $11 million beginning in 2027, with a corresponding increase in Adjusted EBITDA. Owning the real estate also allows Brookdale to capture more of the financial upside from operational improvements rather than sharing value through long-term lease agreements. Chief Executive Officer Nick Stengle said the acquisition significantly advances Brookdale's plan to simplify its lease portfolio. Following the transaction, the company will have only four long-term lease portfolios remaining, with management noting that the remaining leased assets are collectively generating positive cash flow. $249 million refinancing extends debt maturities. Alongside the acquisition, Brookdale strengthened its capital structure by securing $249 million in fixed-rate mortgage financing through Fannie Mae, arranged by JLL. The proceeds were used to refinance $244 million of mortgage debt previously scheduled to mature in 2027. The new financing: * Carries a fixed interest rate of 6.16% * Matures in 2031 * Is secured under Brookdale's existing Master Credit Facility Following the refinancing, Brookdale has no additional mortgage debt maturities until 2028, reducing near-term refinancing risk amid an uncertain interest-rate environment. Chief Financial Officer Dawn Kussow said the refinancing reflects the company's proactive approach to balance sheet management while extending debt maturities at a fixed rate. Building a more flexible portfolio. The acquisition supports Brookdale's broader strategy of shifting from leased assets toward owned real estate. Owning communities provides greater flexibility in capital allocation, operational decisions, and long-term portfolio optimization while reducing recurring lease expenses. The transaction will be financed through a combination of non-recourse mortgage financing and cash on hand, allowing Brookdale to expand ownership without significantly increasing corporate-level financial risk. The refinancing also forms part of Brookdale's broader Master Credit Facility, which includes additional mortgage debt maturing in 2031 and 2032 across 45 senior living communities. Senior housing fundamentals continue to improve. Brookdale's latest investment comes as the senior housing industry benefits from favorable demographic trends. An aging U.S. population, rising demand for assisted living and memory care services, and improving occupancy rates are supporting renewed investor interest in senior housing real estate. At the same time, operators are working to strengthen balance sheets after several years of higher financing costs and labor-related pressures. Increasing ownership of operating assets has become an attractive strategy for senior living providers seeking greater control over long-term earnings while reducing lease-related obligations. Why it matters. Brookdale's acquisition and refinancing illustrate how senior housing operators are repositioning their real estate portfolios to improve profitability and financial flexibility. By converting leased communities into owned assets, the company expects to reduce recurring expenses while capturing a larger share of future operating gains. At the same time, extending debt maturities through 2031 provides greater financial stability and reduces refinancing risk in a market where borrowing costs remain elevated. With demographic demand expected to drive long-term growth in senior living, Brookdale is strengthening both its real estate ownership base and capital structure, positioning the company to benefit from improving industry fundamentals over the coming years. * News * August 6, 2026 Blue Owl Technology Finance posts stable Q2 as tech lending pipeline grows and liquidity tops $2 billion. Blue Owl Technology Finance Corp. (NYSE: OTF) delivered a steady second quarter, balancing stable earnings with aggressive capital deployment as the technology-focused lender positions itself for a potentially stronger lending... * News * August 6, 2026 CSWR promotes finance Executive as utility accelerates AI and infrastructure growth. 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Brookdale announces acquisition of 17 leased communities and refinances all mortgage debt maturities until 2028. Aug 05, 2026, 16:15 ET 735-unit portfolio acquisition expands owned real estate platform and reduces leased portfolio $249 million fixed-rate financing proactively addresses all remaining mortgage debt maturities until 2028 BRENTWOOD, Tenn., Aug. 5, 2026 /PRNewswire/ - Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced transactions that further strengthen the Company's real estate ownership position and capital structure. Portfolio Acquisition * Brookdale entered into a definitive agreement to acquire the real estate of 17 senior living communities currently leased and operated by the Company for a purchase price of approximately $157 million. * The 17-community portfolio is comprised of 735 units, the majority of which complement other Brookdale locations. * The acquisition advances Brookdale's strategy to increase ownership of high-quality communities within its existing operating footprint at prices well below replacement cost. * The transaction is expected to close during the fourth quarter of 2026 and to be funded with non-recourse mortgage financing and cash on hand. * Brookdale's share of owned units is expected to be approximately 77% after giving effect to the transaction. * The Company expects this transaction to reduce 2027 annual cash rent payments by approximately $11 million, with a commensurate increase to Adjusted EBITDA. Agency Financing * Brookdale obtained $249 million of fixed-rate financing from Fannie Mae through JLL, with proceeds used to refinance $244 million of mortgage debt scheduled to mature in 2027. * Following this refinancing, the Company has no additional mortgage debt maturities until 2028. Nick Stengle, Brookdale's Chief Executive Officer, commented, "The acquisition of these 17 communities, currently leased by Brookdale, represents another positive step in Brookdale's strategy to increase its ownership of real estate within our existing operating footprint and reduce long-term lease obligations. Upon closing this acquisition, Brookdale will only have four long-term lease portfolios remaining, and the remaining leased portfolio in aggregate is producing positive cash flow." Dawn Kussow, Brookdale's Chief Financial Officer, also commented, "Demonstrating our continued proactive management of Brookdale's balance sheet, we completed another beneficial financing transaction within this broader loan portfolio to address all remaining 2027 mortgage debt maturities at a favorable fixed rate. We are pleased to extend these maturities, and we are grateful to Fannie Mae and JLL for their ongoing partnership." ACQUISITION SUMMARY Brookdale recently entered into a definitive agreement to acquire the real estate of 17 senior living communities that it currently leases and operates for a purchase price of approximately $157 million. The portfolio is comprised of 735 assisted living and memory care units in four states. Following the closing, Brookdale will continue to operate all 17 communities. Based on the Company's current portfolio, this acquisition will increase Brookdale's owned portion of consolidated units to 77%. Owning the real estate of these communities is expected to enable Brookdale to capture the full economic benefit of future operating improvements and to provide greater long-term portfolio flexibility, while also improving Adjusted EBITDA and cash flow. The acquisition is consistent with Brookdale's strategy of acquiring communities within its existing geographic footprint at prices below replacement cost and reducing long term lease obligations. FINANCING SUMMARY In July 2026, Brookdale obtained $249 million of fixed-rate mortgage financing under its existing Master Credit Facility with Fannie Mae through JLL Real Estate Capital, LLC. Proceeds from this financing repaid $244 million of outstanding mortgage debt scheduled to mature in 2027. This financing is part of a broader Master Credit Facility secured by non-recourse first lien mortgages on 45 communities, including $179 million of mortgage debt due in 2031 and $340 million of mortgage debt due in 2032. The recently completed tranche bears interest at a fixed rate of 6.16% and matures in 2031. Following this financing, Brookdale has no additional mortgage debt maturities until 2028. ABOUT BROOKDALE SENIOR LIVING Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. With 541 communities across 41 states and the ability to serve approximately 46,000 residents as of June 30, 2026, Brookdale is committed to its mission of enriching the lives of seniors through compassionate care, clinical expertise, and exceptional service. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities, offering tailored solutions that help empower seniors to live with dignity, connection, and purpose. Leveraging deep expertise in healthcare, hospitality, and real estate, Brookdale creates opportunities for wellness, personal growth, and meaningful relationships in settings that feel like home. Guided by its four cornerstones of passion, courage, partnership, and trust, Brookdale is committed to delivering exceptional value and redefining senior living for a brighter, healthier future. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD. For more information, visit brookdale.com or connect with Brookdale on Facebook or YouTube. SAFE HARBOR Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 the Company's intent, belief or expectations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "could," "would," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "estimate," "believe," "project," "predict," "continue," "plan," "target," or other similar words or expressions, and include statements regarding the Company's expected financial and operational results. These forward-looking statements are based on certain assumptions and expectations, and the Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Although the Company believes that expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its assumptions or expectations will be attained and actual results and performance could differ materially from those projected. Factors which could have a material adverse effect on the Company's operations and future prospects or which could cause events or circumstances to differ from the forward-looking statements include, but are not limited to, the Company's ability to complete pending or expected transactions on agreed upon terms or at all, including in respect of the satisfaction of closing conditions, such as the ability to obtain financing or regulatory approvals, and uncertainties as to the timing of the closing, disruptions in the financial markets or decreases in the appraised values or performance of the Company's communities that affect the Company's ability to obtain financing or extend or refinance debt as it matures and the Company's financing costs; the Company's ability to obtain additional capital on terms acceptable to it; and the Company's ability to realize the anticipated benefits of an acquisition; as well as other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including those set forth in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements in such SEC filings. Readers are cautioned not to place undue reliance on any of these forward-looking statements, which reflect management's views as of the date of this press release. The Company cannot guarantee future results, levels of activity, performance or achievements, and, except as required by law, it expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. Definition of Adjusted EBITDA Adjusted EBITDA is a performance measure, which is not calculated in accordance with U.S. generally accepted accounting principles ("GAAP") and that the Company defines as net income (loss) excluding: benefit/provision for income taxes, non-operating income/expense items, and depreciation and amortization; and further adjusted to exclude income/expense associated with non-cash, non-operational, transactional, legal, cost reduction, or organizational restructuring items that management does not consider as part of the Company's underlying core operating performance and that management believes impact the comparability of performance between periods. SOURCE Brookdale Senior Living Inc.

Arthur J. Gallagher, an insurance brokerage and consulting firm operating in approximately 130 countries, has gained 15% over the past month. The company, founded in 1927, reported annual revenue growth of 19.1% over the last two years, reaching $14.95 billion in revenue scale. Two other momentum stocks face challenges. Acushnet, maker of Titleist golf balls, has seen a 20.3% one-month return but showed 7.9% annual revenue growth over five years and lacks free cash flow generation. Brookdale Senior Living, up 8.5% in a month, operates over 650 senior living communities across 41 states. However, its sales remained flat over five years, with projections showing a 4.3% decline over the next 12 months.