NorthStar Realty Finance (NYSE: NRF), a significant owner of senior housing properties, could merge with Colony Capital Inc. (NYSE: CLNY) and NorthStar Asset Management Group (NYSE: NSAM) into a single real estate investment trust if talks currently underway result in a deal, the three companies recently confirmed in a joint statement. The news comes several […]
Category: Management & Operations
Americans deciding where to spend their over-55 years shouldn’t choose a state based solely on the promise of sunny, warm weather. In fact, they should set their sights on the sometimes cold and gloomy Midwest. South Dakota, which offers high-quality care at prices that are below average, is the best state in the country in which […]
HCP Inc. (NYSE: HCP) will be spinning off its portfolio of skilled nursing properties operated by troubled tenant HCR ManorCare into an independent, publicly-traded real estate investment trust (REIT), to be helmed by former Sunrise Senior Living CEO Mark Ordan, the company has announced. “We believe this transaction gives HCP the ability to re-confirm itself […]
With new senior housing communities opening their doors in many markets across the country, competition for residents is certain to heat up. While newly constructed buildings might boast top-flight amenities and beautiful, cutting-edge designs, the pressure is on to get all the details right in order to win over residents and keep them satisfied. Perhaps […]
Senior housing construction costs surged in 2015 and are expected to increase further this year. While some of these costs are unavoidable, caused by factors such as labor shortages, senior housing companies embarking on projects can help keep their budgets in check by taking a few steps. In particular, senior living companies should focus on […]
Spring has sprung here in Chicago—but just as exciting for us and our readers, it’s earnings season. Among the stories to get a lot of attention this week, executives with Five Star Senior Living gave some details on a new dynamic pricing initiative during the company’s earnings call. Readers also were interested in what senior […]
Five Star Senior Living (NYSE: FVE) has turned to the hospitality industry for help in rolling out a new pricing program in about 80 of its communities, which the company believes will give it an edge over the competition—and maximize revenue. Specifically, Five Star has initiated a community center dynamic pricing program that will allow […]
Despite a strong first-quarter performance, the CEO of Welltower Inc. (NYSE: HCN) is concerned about misinformation that’s affecting investors’ decisions. It’s misinformation about Genesis Healthcare (NYSE: GEN) and skilled nursing audits, and senior housing oversupply, specifically, that’s causing Welltower’s stock to remain undervalued, according to CEO Thomas DeRosa. After all, the Toledo, Ohio-based real estate investment trust (REIT) posted […]
Mainstreet Announces 3 New Hires Mainstreet, a Carmel, Indiana-based development and investment company, announced three new hires for the month of April. Scott Juetten has been named Mainstreet’s new vice president of financial operations for Mainstreet Health. He previously worked for Kindred Healthcare, where he was vice president and controller of the nursing center division. Mainstreet […]
be.group and ABHOW Affiliation Approved in California The formal affiliation of be.group and American Baptist Homes of the West (ABHOW), two of California’s leading non-profit senior housing providers, has been approved by state regulators, completing the previously announced unification. The two organizations have officially combined and are now the state’s largest non-profit provider and the […]
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