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Why Senior Living Providers Must Go Big or Go ‘Sold’

While the existence of a senior housing bubble is still questionable, experts say the market is becoming different in two key ways: operators either own one or two facilities or are drastically and aggressively growing their portfolios. And the latter strategy is a must for senior living providers who want to remain in the industry… Read More »

AdCare Leases 7 Properties, Continues Transition Out of Operations

As part of its ongoing plan to transition out of senior housing operations, AdCare Health Systems, Inc. (NYSE MKT: ADK) has signed agreements with third-party operators to lease seven of its skilled nursing facilities in Georgia and Ohio.  The lease on the five facilities in Ohio will be effective upon securing approval from the Department… Read More »

Kindred Names New CEO to Lead $7.1 Billion Post-Acute Giant

Kindred Healthcare (NYSE: KND) has announced that Benjamin Breier, current president and chief operating officer of the national post-acute and rehabilitation services provider, will take over next year as CEO. Breier, 43 — who has been with Kindred since 2005, starting as president of the company’s rehabilitation division — will replace current CEO Paul Diaz… Read More »

ESPN Founder’s New Network to Feature Real Estate, Senior Housing

Thirty-five years since ESPN co-founder Stuart Evey launched the network that would boast itself as “The Worldwide Leader in Sports,” the former chairman is gearing up for his latest television undertaking, a new network that will broadcast all things real estate—senior housing included, according to various reports. Evey, who was an ESPN chairman when the… Read More »

In the Pipeline: Senior Housing Construction Projects (10/30/14)

Construction: Planned Ecumen Targets Younger Residents with $20 Million Proposed Co-op Ecumen, a non-profit senior living organization based in Shoreview, Minn., is developing an age-55 and older co-op in the Glen Lake neighborhood of Minnetonka, reports Minneapolis/St. Paul Business Journal. The proposed $20 million project calls for a 58-unit complex to be located on the… Read More »

HUD’s Senior Living Refi Boom is Over

After a blockbuster year for The Department of Housing and Urban Development’s (HUD) lean mortgage insurance program in senior housing, volume fell more than 25% in fiscal year 2014, marking the end of a boom for government financing in the sector. But the news isn’t all bad, say the finance companies that work regularly with… Read More »

Dished: Why Celebrity Chefs Are Here to Stay in Senior Living

Pictured: Chef Jet Tila     Photo by Myleen Hollero Though they long ago laid their roots in the mainstream through the rise of Rachael Ray and Anthony Bourdain, celebrity chefs are still a relatively new phenomenon in senior living. But their presence begs the question as to whether the senior living population has subscribed to… Read More »

Google Pill: The Next Big Thing in Aging Care?

Google (Nasdaq: GOOG) may not only provide help in searching for more medical information on various illnesses, but its latest moon-shot endeavor aims to detect life-threatening diseases like cancer and heart attacks before they materialize, a company official announced Tuesday. Known as the “Nanoparticle Platform,” Google is developing a new technology in the form of… Read More »

American House Acquisition Brings it to Top-25 Senior Living Ranks

American House Senior Living Communities is growing its presence with several new acquisitions this week that will not only make it one of the largest providers in the Midwest, but in the nation as well.  Monday, American House announced the acquisition of four properties from Oak Crest Communities, a Jenison, Mich.-based provider. In total, the four… Read More »

Uber Comes to Senior Living With New UberASSIST Rides

At just five years since its inception, Uber has revolutionized how we get a ride from Point A to Point B. It has become a household name, and has been valued at an estimated $18 billion. And now, the company is taking aim at the way seniors get around. Tuesday, the San Francisco-based ride service company announced… Read More »

REIT Closes on 5-Property Allegro Portfolio for $173 Million

Allegro Senior Living, a developer and operator of luxury senior living communities, has announced the sale of five senior living properties to American Realty Capital Healthcare Trust II, Inc., for $172.5 million, excluding closing costs. The properties include nearly 700 units in total and span a range of senior living unit types including independent living (IL), assisted living (AL),… Read More »