New Demand Dynamics Could Alter Industry’s Assisted Living Vs. Independent Living Balance

This article is part of your SHN+ subscription During last week’s Q2 2023 earnings call, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier characterized the company’s focus on higher-acuity settings as a competitive differentiator. “Our diverse portfolio of communities, with a higher mix of assisted living and memory care, sets us apart from the industry, […]

Senior Living Operator Le Groupe Maurice Names New President, CEO

Alain Champagne is the new president and CEO of Canadian senior living company and Ventas (NYSE: VTR) partner Le Groupe Maurice, the company has announced. Champagne, who is currently the CEO of Canadian drug store company Jean Coutu Group, is due to assume his new role in October. He is succeeding current president and company […]

Occupancy, Rate Growth Propel Ventas’ Senior Housing NOI Higher in Q1

Occupancy and rate growth among operators in Ventas’ (NYSE: VTR) senior housing portfolio helped the company see “outstanding” net operating income growth in the first quarter of 2022. The Chicago-based real estate investment trust (REIT) reported a 14.2% gain in net operating income (NOI) growth for its senior housing operating portfolio (SHOP) in 1Q22, excluding […]

With Leads at Pandemic Highs, Ventas Expects ‘Significant’ Revenue Growth in 2022

As leads reach heights not seen since early 2020, leaders with Ventas (NYSE: VTR) believe the company is well-positioned to see the upside of the ongoing senior housing recovery. And looking ahead to the rest of the year, the company’s executives are “expecting significant revenue growth” to the tune of 10% in the first quarter, […]

Ventas CEO: We’re Surprised to See Senior Housing Demand Return So Soon

Demand is returning to senior housing at a rate that Debra Cafaro, chairman, president and CEO of Ventas (NYSE: VTR), did not anticipate. “We’ve been very surprised [at] the upside [of] the demand that has already manifested itself so close on the heels of the vaccine,” Cafaro said during a presentation at the Nareit REITweek: […]

Le Groupe Maurice Eyes U.S. For Expansion, Believes Seniors Want Something New

Le Groupe Maurice has burnished its reputation by developing, owning and operating large senior housing communities in the Canadian province of Quebec — but the company also believes its model would work in the U.S., despite differences between the two countries. The reason why is simple, according to Le Groupe Maurice Founder and President Luc […]

Middle-Market Plays to Reshape Senior Living Acquisition Activity, Prices

Robust senior housing acquisition activity is likely to continue into 2020, driven by the continued low interest rate environment as well as the increased focus on middle-market products and the creation of multi-brand portfolios. That middle-market focus is also driving more interest from big players in secondary and tertiary markets, which are friendlier to this […]

‘Unprecedented’ Market Dynamics Hurt Ventas’ Senior Housing Portfolio

Ventas’ (NYSE: VTR) senior housing portfolio (SHOP) performance has lagged throughout 2019. That performance took a turn for the worse in the third quarter of 2019. A combination of market dynamics, particularly on pricing, surprised Ventas’ operating partners in Q3. Those conditions worsened over the course of the quarter, with occupancy taking a “precipitous leg […]