A Houston-based continuing care retirement community (CCRC) is the latest campus to file for Chapter 11 bankruptcy protection, as it aims to restructure $140.3 million in bond debt. The CCRC, The Buckingham, cited pressures stemming from multiple challenges including Hurricane Harvey in 2017 and the coronavirus pandemic, which impacted the community’s ability to attract new […]
The owners of a continuing care retirement community on Long Island have filed for pre-negotiated Chapter 11 bankruptcy protection for the second time in seven years, as it looks to restructure $199.5 million in bond debt. The CCRC, The Amsterdam at Harborside in Port Washington, New York, cited struggles to attract new residents, which were […]
The Covid-19 pandemic put serious pressure on senior living providers’ bottom lines, but for continuing care retirement communities (CCRCs), those headwinds didn’t gust quite as hard. In fact, CCRCs’ resilience will be talked about for years to come, Eric Mendelsohn, CEO of National Health Investors, said in a recent SHN+ TALKS. As that conversation gets […]
With a reconstituted executive team in place, financial restructuring of one life plan community complete, and occupancy beginning to recover from 2020 lows, Lifespace Communities is now turning its attention to growth. Diversifying service lines and affiliating with smaller providers may be part of its strategy. The West Des Moines, Iowa-based nonprofit affiliated with Senior […]
With its exit from rental senior housing near completion, Healthpeak Properties (NYSE: PEAK) is turning its attention to driving growth and value through its three primary real estate segments: life sciences, medical office buildings, and continuing care retirement communities (CCRCs). Healthpeak’s CCRCs reported improved operations, expense controls and occupancy gains in the first quarter of […]
One of the nation’s largest senior living operators will be smaller in the future, as Five Star Senior Living (Nasdaq: FVE) will soon exit management of 108 communities. With this recent news, now all three of the largest publicly traded U.S. senior living operators — Brookdale Senior Living (NYSE: BKD); Capital Senior Living (NYSE: CSU); […]
Senior living professionals are more confident in the viability of the traditional continuing care retirement community (CCRC)/life plan community model today than they were before the Covid-19 pandemic. However, the picture is complicated by the fact that many industry pros believe that entrance-fee communities are less attractive today than they were in 2019. That’s according […]
Imagine living in a suite overlooking an atrium that has the atmosphere of a healing garden, at other times is a venue for musicians or performers, and sometimes is a social gathering place for friends, family and neighbors. This is the experience for older adults residing in care suites adjacent to the atrium winter garden […]
With senior living occupancy lower than he’s ever seen it due to Covid-19, National Health Investors (NYSE: NHI) President and CEO Eric Mendelsohn has had to become a more empathetic leader — while still safeguarding NHI’s business and securing its future But Mendelsohn is feeling more optimistic than he was during the last earnings call […]
Lifespace Communities CEO Jesse Jantzen had his work cut out for him when he joined the company in April 2020. He joined a nonprofit provider that entered into an affiliation with Texas-based Senior Quality Lifestyles Corporation (SQLC) in May 2019 — a merger that took a year in negotiations to complete. The SQLC affiliation brought […]
