Sales Edgemere Closes Sale Embattled Dallas-based senior living community Edgemere announced that it has sold to Bay 9 Holdings, an affiliate of Lapis Advisers. Lapis Long Hill at Edgemere took over management of the property on June 14. The final sale comes after more than a year of bankruptcy negotiations that includes more than $143 […]
Atria Senior Living
Artis Senior Living finds itself with fuller pockets after a $40 million equity raise this week. The move comes about six weeks after CEO Josh Krull announced on LinkedIn that he would be taking the reins as the chief executive. The news of the equity raised is according to a filing with the Securities and […]
With strong senior housing portfolio performance in recent quarters, and plans to launch its self-managed operating platform later this year, leaders at Welltower (NYSE: WELL) expect momentum to carry the company forward in 2023. The Toledo, Ohio-based REIT reported total portfolio NOI growth of 11% compared with the first quarter in 2022, a result that […]
Leaders with Welltower (NYSE: WELL) have shared progress and new improvement plans for the company’s legacy Holiday Retirement portfolio, now operating under the brand name Holiday by Atria. In 2021, Welltower bought 86 properties that Holiday Retirement formerly owned and self-managed in conjunction with Atria’s acquisition of the company’s management services. At the time, the […]
Around 2017, a cardiothoracic surgery nurse at New York Presbyterian Hospital in New York City noticed that an inordinate number of patients who underwent surgery experienced a notably high number of adverse health outcomes. The reasons behind these outcomes were initially unclear, and they would be potentially hard to glean unless someone was monitoring that […]
When I recently asked Welltower (NYSE: WELL) CEO Shankh Mitra why the company pursued IRS approval to self-manage independent living assets, he replied with a question of his own. “Do you not know the state of our industry?” he asked. The sector continues to fall woefully short in attracting customers, has failed to create a […]
The big health care headline in the last week was CVS’ purchase of Oak Street Health for about $10.6 billion. Also last week, Humana announced a five-year agreement with ChenMed — a company similar to Oak Street — to provide “senior-focused concierge care” to Humana’s Medicare Advantage members. Senior living providers have observed the reinvention […]
Favorable supply-demand dynamics are creating a “multi-year window” with which to regain occupancy and elongate margins, according to Ventas (NYSE: VTR) CEO Debra Cafaro. In the fourth quarter of 2022, same-store occupancy for the company’s senior housing operating portfolio (SHOP) segment hit 82.5%, representing the higher end of the company’s previous guidance for growth. That […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Completed Atria Senior Living, Related Companies officially opens Coterie Hudson Yards Related Companies and Atria Senior Living have opened Coterie Hudson Yards, a luxury senior […]
So far in 2023, senior living headlines reveal a sector in pain, with industry giant Brookdale (NYSE: BKD) among those feeling the sting. Late last week, Brookdale warned that full-year 2022 earnings would likely be below expectations and announced a C-suite shakeup. Today, the share price hit a new 52-week low, at $2.42 a share. This […]
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