Residents at Three Pillars Senior Living Communities dropped a coin in the jukebox and brought a smile to our faces here at Senior Housing News last week. SHN readers were interested in how REITs are adapting and Greystone’s new partnership in China. As we got ready for the weekend, The Street caught our attention with the latest glimpse into the drama around Brookdale’s real estate.
Most Read on SHN
Moving the Needle: REITs Adapt to New Senior Housing Era—The heyday of huge deals may be over, causing real estate investment trusts to focus on smaller portfolios and single-asset acquisitions to move the needle. And more REIT spinoffs could be coming, too.
Weak Occupancy, Absorption Rates Fuel Development Concerns—Some markets could be overheating, showing weak absorption and falling occupancy in the first quarter of 2015. Denver and San Francisco are two of the trouble spots.
Greystone to Tap Huge Chinese Market with New Partnership—Texas-based Greystone Communities is entering into a development and management partnership with a real estate development and finance investment firm based in China—a country where demand for senior housing appears set to explode.
Weekend Reading
A spinoff of Brookdale Senior Living’s real estate seems “inevitable” by March of next year, writes Ronald Orol in The Street. Orol recaps the saga that has been unfolding, and offers some juicy tidbits like a summary of a recent letter from Glenview Capital, which holds a 6.3% passive stake in the massive senior living provider.
For Your Viewing Pleasure
Sail into the new week by rocking along to David Bowie’s “Golden Years.” This music video was created by Three Pillars Senior Living Communities in Dousman, Wis., in collaboration with students from Kettle Moraine High School, to celebrate Older Americans Month.
Companies featured in this article:
Brookdale, Greystone, Three Pillars Senior Living Communities
