Despite senior housing net operating income approaching pre-Covid levels in the second quarter of 2022, Welltower (NYSE: WELL) CEO Shankh Mitra sees those results as “mediocre at best.” But that is not because he believes the company’s senior housing partners did especially poorly during the quarter. Instead, he sees a much longer runway for unlocking […]
Financings Ziegler Closes on $197M for Construction, Development Ziegler announced the successful closing of $197.7 million in Series 2022 Bonds that will be used for acquiring, developing and building a Texas-based senior living community for Forefront Living. Formerly known as Forefront Living Plano, the Outlook at Windhaven Forefront Living is a planned senior living community […]
Welltower (NYSE: WELL) is transitioning a 12-property senior living portfolio to operating partners Oakmont Senior Living, Kisco Senior Living and Cogir Management USA. The portfolio spans 2,000 assisted living units in the Los Angeles, San Francisco and Seattle metro areas, and includes more than half of the communities Welltower purchased from Vintage Senior Living for […]
The future of dining in senior living will include more locally-sourced ingredients, resident-facing technology and a rise in resident choice. Senior living operators including Commonwealth Senior Living and Kisco Senior Living are using technologies to improve their ability to offer better, healthier food and a more enjoyable experience in their dining rooms. For example, Commonwealth […]
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: In progress Oppidan Starts Work on Luxury Community in California Property development firm Oppidan has broken ground on a new senior living community in Newport […]
As the new year gets underway, senior living and care providers are making some leadership shifts. Recent moves include: — Aegis Living named a new president and a new COO — Aras Erekul exited as Watermark Retirement’s National Director of Integrative Wellbeing — Trilogy Co-Founder and former CEO Randy Bufford has become CEO of Synchrony […]
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals. It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 […]
With a recently announced development joint venture with Welltower (NYSE: WELL) and a strong occupancy recovery underway, Kisco Senior Living Founder and CEO Andy Kohlberg is bullish about the future. “We’ve averaged three-and-a-half times the number of net move-ins in 2021 than we did in 2019 … It’s gone surprisingly well,” Kohlberg said during a […]
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