Capital Senior Living (NYSE: CSU) has shrunk considerably during the two years since Kim Lody became CEO, going from 129 communities to 68. But with its portfolio restructuring complete, recent moves have been focused on growth, and the future of the company is becoming clearer. Today, the Dallas-based provider is announcing the rollout of a […]
JLL recently closed the sale of a 16-property senior living portfolio and is on track to log more than $600 million in sales this quarter. The 16 properties were previously owned by a publicly traded real estate investment trust (REIT) and were acquired by a non-traded REIT, Mike Garbers, managing director, capital markets, told Senior […]
The Spires at Berry College has a claim to fame, being located on the world’s largest college campus. And the recently opened continuing care retirement community (CCRC) makes the most of its location by integrating seamlessly with its picturesque surroundings and the neighboring school. Laurie Steber could tell that the community was going to be […]
More senior housing owners plan to sell assets in 2021 compared to recent years, which is likely an indication of the steep toll that Covid-19 has taken on the industry. And as smaller players head for the exits, regional operators are expected to step up as buyers. About 600 subscribers responded to Senior Housing News’ […]
One day after President Joe Biden took office, his administration released its national strategy for combating Covid-19. The 200-page plan calls for a “laser-focus” on vaccinating people at highest risk, including older adults and people in congregate settings, as well as “targeted surge assistance” to help contain Covid-19 outbreaks in assisted living. “The United States […]
Related Cos. and Atria Senior Living have been tight-lipped about plans for their $3 billion development pipeline, so I was excited when NY YIMBY recently published renderings of the project underway in New York City. I reached out to the architecture firm that is involved, Handel, in hopes of learning more about the design concept, […]
Cano Health is primed for expansion, as it prepares to go public via a special purpose acquisition company (SPAC) deal, announced in November, that values the company at roughly $4.4 billion and provides about $935 million to grow and pay down debt. Going forward, partnerships with senior living providers are of keen interest. “We can […]
Numbers from real estate investment trust Welltower (NYSE: WELL) provide the latest evidence that high Covid-19 infection rates across the country are taking a toll on senior housing communities. Occupancy in the REIT’s senior housing operating (SHO) portfolio fell 220 basis points in the fourth quarter of 2020, to 76.2%, according to a business update […]
Although Covid-19 made the process longer and more complicated than anticipated, a new senior living operator — Prosper Life Care — has now acquired its first two communities. Both communities are located in Massachusetts and were previously owned and operated by Landmark Senior Living, which is exiting the sector to focus on addiction treatment. Landmark […]
Occupancy continued to slide for Brookdale Senior Living (NYSE: BKD) as 2020 came to an end, with both weighted average occupancy and month-end occupancy sitting at 71.5% in December. However, the new year brought better news for the nation’s largest senior living provider, with about 90% of its communities having completed or scheduled an initial […]
