The District of New Hampshire U.S. Bankruptcy Court approved Covenant Living’s purchase of Hillside Village Keene, a continuing care retirement community in Keene, New Hampshire. Hillside Village becomes the 15th CCRC that Covenant — a Skokie, Illinois-based nonprofit — owns and operates. Following significant occupancy challenges due to the Covid pandemic, Hillside ultimately filed for […]
Life Care Services
Acts Retirement Services and Willow Valley Communities have forged a strategic alliance, aligning two of the largest nonprofit senior living and care organizations in the United States. Acts, headquartered near Philadelphia, ranked as the third-largest multi-site senior living nonprofit on the 2021 LeadingAge/Ziegler 200, with more than 9,500 units across a portfolio of 26 life […]
Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]
Healthpeak Properties (NYSE: PEAK) has more credit at its disposal. The Denver-based real estate investment trust (REIT) announced on Monday that it closed on a new unsecured revolving credit facility, with commitments totaling $3 billion. The facility reduces Healthpeak’s borrowing costs and extends the maturity date to Jan. 30, 2026. Furthermore, the REIT controls two […]
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. Submissions are currently open. Construction: In progress Watercrest Accepting Reservations for Community Under Construction in South Carolina Watercrest Myrtle Beach, a Watercrest Senior Living Group community […]
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. Submissions are currently open. Construction: Planned Life Plan Community Planned in South Carolina Big Rock Partners is developing a new life plan community on South Carolina’s […]
The Covid-19 pandemic has laid bare the senior living industry’s strengths and weaknesses. This moment in time provides an opportunity to change how the industry works — but it also poses a risk for companies that are too slow to adapt. Just ask Andrew Carle, who has worked in myriad roles throughout the industry, from […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
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 […]
Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, Tennessee Rose Senior Living and Rose Villas, Avon, Ohio Rose Senior Living, […]
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