Capital Senior Living (NYSE: CSU) is taking a big step to improve its liquidity and enhance its balance sheet. The Dallas-based senior living provider on Thursday announced plans to raise up to $152.5 million through the private placement of convertible preferred stock to affiliates of Conversant Capital, a private investment adviser. Capital is also proposing […]
For Capital Senior Living (NYSE: CSU), the pandemic’s pressures are easing, and CEO Kim Lody is optimistic that the company will see more improvement in the months ahead. Occupancy ticked up in the first quarter of 2021 — today standing at 77.7% — and in March and April, the Dallas-based provider saw its highest level […]
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); […]
“If we could have gotten out of December, we would have been largely unscathed.” Those are the words of The Springs Living Founder and CEO Fee Stubblefield, and they reflect what he said was the roughest month for the provider in the nearly 14-month fight against the coronavirus pandemic. December was the peak of the […]
Move-ins for Capital Senior Living’s (NYSE: CSU) senior living communities are on track to hit a two-year watermark in March, signaling to the company’s executives that senior living demand is on the mend. At the same time, 87% of the company’s residents are fully vaccinated, and the company expects to finish out the rest of […]
Capital Senior Living (NYSE: CSU) President and CEO Kim Lody is optimistic that a recovery from the pandemic is soon at hand, as the operator’s leads, tours and move-ins are moving closer to pre-pandemic levels. The company has pared down its senior housing portfolio from 129 communities to 68 communities that, historically, have been the […]
The recent acquisition of 16 communities from Healthpeak (NYSE: PEAK) was the largest transaction in company history for Discovery Senior Living and marks the start of a strategic shift for the provider, to a structure of regional brands. The deal was publicly announced last week by Irvine, California-based Healthpeak, which is a real estate investment […]
Healthpeak Properties’ (NYSE: PEAK) plan to dispose of up to $4 billion worth of senior housing assets is more than halfway complete. The Denver-based health care real estate investment trust (REIT) sold over $2.5 billion in senior housing operating portfolio (SHOP) and triple-net senior housing assets according to its earnings Q4 2020 earnings release on […]
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 […]
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