Fortress gets its price

By Geert De Lombaerde Posted on November 10, 2009 at 9:01 am

But the majority owner of Brookdale Senior Living didn’t get as much as it could have just a few weeks ago. The Chicago-based private-equity group will sell 11 milion shares at $16, a fifth lower than where the stock (Ticker: BKD) traded in the middle of October.

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Tags: 5% owners, Brookdale Senior Living Inc., Fortress Investment Group LLC, private equity, senior housing and assisted living, stock offerings, stock valuation  

A new boss for Brookdale majority owner

By Geert De Lombaerde Posted on July 21, 2009 at 9:58 am

Daniel Mudd, the former CEO of Fannie Mae, has been named top dog at Fortress Investment Group, the struggling asset manager whose holdings include a 60-percent in Brentwood’s Brookdale Senior Living.

SEE ALSO: Fortress’ disclosure that it plans to shed most of its Brookdale holdings.

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Tags: Brookdale Senior Living Inc., Daniel Mudd, executive appointments, executive leadership, Fannie Mae, Fortress Investment Group LLC, senior housing and assisted living  

When momma ain’t happy

By Geert De Lombaerde Posted on January 30, 2009 at 8:36 am

Bloomberg takes a long look at the sliding fortunes of Fortress Investment Group, which is the majority owner of Brentwood-based Brookdale Senior Living. (Ticker: BKD)

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Tags: 5% owners, Brookdale Senior Living Inc., Fortress Investment Group LLC, private equity, senior housing and assisted living  

Nothing marginal about this

By Geert De Lombaerde Posted on November 28, 2008 at 9:15 pm

Shares of Brookdale Senior Living (Ticker: BKD) jumped 10 percent Friday after the company’s main shareholder, Fortress Investment Group, said it has paid off all margin debt secured by Brookdale stock. Brookdale is off 80 percent since Labor Day.

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Tags: 5% owners, Brookdale Senior Living Inc., Fortress Investment Group LLC