Despite a “challenging operating environment,” Ventas, Inc. (NYSE :VTR) remains confident in the viability of its senior housing operating (SHOP) portfolio, executives suggested on Friday. The Chicago-based real estate investment trust (REIT) reported its second-quarter 2018 earnings on July 27. The company’s second-quarter 2018 revenue of $942.3 million beat analysts’ expectations by $32.15 million, while […]
Many Hispanic Americans lack confidence in the ability of assisted living communities to meet their social and cultural needs, according to a new study. Just 40% Hispanic adults believe it would be easy for older Hispanics in their area to find an assisted living community with employees who speak their language, a recent survey from The […]
The first-ever meeting of the Dementia Care Provider Roundtable, convened by the Alzheimer’s Association, took place on Thursday in Chicago. Representatives from 16 senior care providers, including Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) and McLean, Virginia-based Sunrise Senior Living, were in attendance. One of the goals of the roundtable, according to the Alzheimer’s Association, was […]
There are several factors currently drawing new investors into the U.S. senior housing space—but there are plenty of others, like a shortage of quality operating partners, that make investing in the sector a bit of a risk. That was one of the takeaways of a recent webinar featuring National Investment Center for Senior Housing & […]
Welltower Secures $3 Billion Revolving Credit Facility Welltower Inc. (NYSE: WELL) recently entered into a credit agreement that consists of a $3 billion unsecured revolving credit facility, a $500 million unsecured term credit facility and a CAD 250 million unsecured term credit facility. The Toledo, Ohio-based health care real estate investment trust (REIT) reached the […]
The second quarter of this year was particularly active for buyers of senior housing and care properties. During the quarter, 106 publicly announced senior housing and care acquisitions took place, according to new data from Irving Levin Associates. That’s more than the 81 that occurred in the first quarter of 2018 and the 78 that […]
The senior housing industry now has its first-ever customer satisfaction benchmark, courtesy of a well-known consumer ratings giant. J.D. Power will officially launch its Senior Living Community Certification program on Tuesday, which provides a means for individual senior housing communities to become certified as providers of quality care. The launch marks a continuation of J.D. Power’s […]
Advertisements for senior living communities all look relatively similar, and convey more or less the same ideas, Thrive Senior Living President Les Strech tells Senior Housing News. By being decidedly blunt, a new ad campaign from the Atlanta-based provider aims to “cut through the clutter” of bingo-playing seniors staring off into the sunset. Thrive currently […]
Holiday Retirement COO Mark Prince has left the company, the independent living giant confirmed to Senior Housing News on Wednesday. “I appreciate Mark’s contributions to Holiday for the last eight years,” Holiday CEO Lilly Donohue told Senior Housing News. “He has significantly helped our communities be a great place to live and work for our […]
The industrial sector continues to outperform senior housing when it comes to investment returns—but senior housing continue to outpace the broader investment return performance of commercial real estate properties. Specifically, the annual total senior housing return through the first quarter of 2018 was 12.79%, which beat the National Council of Real Estate Investment Fiduciaries (NCREIF) Property […]
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