Omega Healthcare Investors (NYSE: OHI) is making headway on its plan to restructure a 17-community portfolio operated by Maplewood Senior Living after the senior living operator faced a “modest liquidity crunch” in January. Omega and Maplewood announced a plan to restructure their operating relationship earlier this year. Under the plan, Maplewood and Omega have agreed […]
Maplewood Senior Living
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 […]
Earlier this week, Omega Healthcare Investors (NYSE: OHI) announced a lease restructuring with Maplewood Senior Living, which is experiencing a modest cash crunch. The news underscores just how uncertain the year ahead is for senior living. Maplewood is a luxury operator with healthy occupancy and has pushed through notable rate increases, yet lease-up issues and […]
Omega Healthcare Investors (NYSE: OHI) is looking to restructure the 17 communities in its portfolio managed by Maplewood Senior Living. The Hunt Valley, Maryland-based real estate investment trust (REIT) is seeking to undertake a handful of measures under its proposed restructuring. They include deferring rent escalators through 2025; deferring 7% interest on a $250.5 million […]
The senior living industry is in a tough spot and will be for the immediate future, facing challenges that could impede longer-term success unless more innovation flourishes across the sector. This is one of my main takeaways from last week’s National Investment Center for Seniors Housing & Care (NIC) conference in Washington, D.C. The good […]
Changing consumer preferences with the arrival of the baby boomers. The middle-market. Rising expenses. Evolving resident care needs. The senior living industry is in the midst of a host of changes creating new challenges and opportunities for operators. A melange of forces are driving that change, from the pandemic to a historic labor market and […]
Perkins Eastman, Hord Coplan Macht and Ryan Companies’ architectural and engineering division Ryan A+E are the top three companies on a new list of 80 senior living architecture firms. Compiled by design and construction publication Building Design + Construction as part of its annual Giants 400 Report, the “Top 80 Senior Living Facility Architecture + […]
Older adults have embraced technology amid the pandemic to stay connected — and that has given rise to a relatively new type of community position: the tech concierge. One part akin to an Apple Genius, one part senior living worker, these staffers are capable of handling tech support for residents with the skill of an activities […]
The Bristal Assisted Living opened the doors at its newest community this April, adding to a growing number of luxury senior living communities in New York City. The community, called the Bristal at York Avenue, represents the first venture into Manhattan for The Bristal Assisted Living – the assisted living and memory care brand owned […]
Capital is roaring into the senior living industry. Average occupancy has ticked up for the past three quarters. New construction is still relatively down from past years. Senior living developers might view these conditions as green lights for new projects. And to that end, construction is indeed starting to ramp back up in many markets […]