Senior housing real estate investments trusts (REITs) have pulled back their acquisition activity since the end of 2015, and transactions during the first six months of the year tanked as a result. However, rebounding share prices are returning the capital advantage to the biggest players in the industry, and may help deal volume pick up at […]
The senior housing industry may have been unrealistic in calculating its customer base for years, skewing estimated demand and impacting capital allocation decisions, according to a new white paper. To assess whether the service-enriched senior housing industry has a realistic grasp on who makes up its customer base—and to determine the impact recalibrating the customer base would have […]
A Dallas, Texas-based developer has announced plans for five senior living projects in a single metro area, bucking oversupply concerns and bringing a recently founded operator into the mix. Specifically, McFarlin Group LLC revealed five assisted living and memory care community developments in the greater Phoenix area for $80 million, with Surpass Senior Living slated to […]
Senior living has seen an influx in outside capital and new players entering the industry, and now there is reason to think home care companies could be eyeing assisted living as another business opportunity. After losing an estimated 30% to 40% of its home care clients after raising prices, one California company opened up a […]
(Rendering of Market Street Memory Care Residence, located in Palm Coast, Fla. — Photo courtesy of Watercrest Senior Living Group) Construction: Planned Development Announced for Memory Care Communities Market Street Memory Care Residences, located in Palm Coast, Fla., will break ground in December. The community, owned and operated by Watercrest Senior Living Group, will be 46,000 square feet […]
Have senior housing real estate investments trusts (REITs) reached their RIDEA max? We posed this question back in 2013, when RIDEA exposure already seemed at the high-end of its range. Evidently, the max exposure had not been reached, if recent transactions by the ‘Big Three’ health care REITs—Welltower Inc. (NYSE: HCN), Ventas Inc. (NYSE: VTR) […]
Diversicare to Operate 22 Facilities Diversicare Healthcare Services, Inc. (Nasdaq: DVCR), a long-term care services provider to patients in 54 skilled nursing and senior housing centers, has entered into an agreement to assume the operations of 22 facilities from Golden Living, totaling approximately 2,600 skilled nursing beds. The facilities are located in Alabama and Mississippi, and […]
Memory care construction has been on the rise as of late, and it’s no wonder why. The sheer number of Americans with Alzheimer’s disease and other forms of dementia is reason enough to spur development activity, and an anticipated increase in the incidence of Alzheimer’s in the years ahead perhaps indicates that memory care is […]
Lately, luxury seniors housing is all the rage—among developers, real estate investment trusts (REITs) and baby boomers alike, experts say. “It’s fair to say that luxury seniors housing is booming,” Mark Myers, an executive director at Institutional Property Advisors (IPA), tells Senior Housing News. IPA is a division of national brokerage firm Marcus & Millichap, which […]
The seniors housing and medical office building industries may have more in common than meets the eye. In fact, they may be more like close family than distant relatives, according to some experts. The sectors are undeniably growing closer, according to Gino Lollio, vice president investments at national brokerage firm Marcus & Millichap and senior director […]
