More choices, healthy fare, more casual dining — these are among the top ways that senior living operators are preparing to feed the baby boomers in 2024 and beyond. In recent years, senior living operators have put a lot of thought into what the boomers are going to want out of senior living communities. Many […]
Oakmont Management Group
Transactions Watermark Takes Over Management of Almaden Watermark Retirement Communities announced it has assumed the operational responsibility of a California-based senior living community and has added the community to its signature program. The community – now called The Watermark at Almaden – is located in San Jose, California is Watermark’s ninth in the Northern California […]
From evolving tastes to rising cost pressures due to lingering supply chain issues, the world of dining and culinary services in senior living is constantly changing. Few know that lesson better than Oakmont Management Group Vice President of Culinary Services Andrew Moret. As a new generation of older adults moves into senior living communities, they […]
Welltower (NYSE: WELL) has expanded its relationship with a handful of operators in its senior housing portfolio, including Oakmont Management Group, Cogir Management and Treplus Communities. The Toledo, Ohio-based real estate investment trust (REIT) on Tuesday announced it had agreed to purchase seven senior living communities for a total investment of approximately $344 million, with […]
Occupancy and net operating income are two operational metrics senior living operators have worked to increase since the pandemic sent both tumbling in 2020. While the industry is not out of the woods with regard to either, forward-thinking operators have devised effective strategies for increasing occupancy and NOI in the past two years and change. […]
Last year, Oakmont Management Group teamed up with real estate investment trust Welltower (NYSE: WELL) and launched a new brand called Ivy Living. At just seven communities today, the Ivy Living brand makes up a portion of the senior living operator’s 51-community portfolio. But by the end of 2022, the company aims to add 13 […]
Welltower’s (NYSE: WELL) senior housing portfolio is rebounding from its pandemic lowpoint, and the company continues to ink investments in senior housing and other asset classes. In fact, after investing nearly $1.4 billion in Q2 2021, CEO Shankh Mitra predicted that Q3 could be another record quarter. But while the company is making progress on […]
Welltower (NYSE: WELL) is growing its relationship with Oakmont Management Group in an arrangement that will grow the companies’ existing portfolio and facilitate the launch of a new brand called Ivy Living. The Toledo, Ohio-based real estate investment trust (REIT) on Thursday announced it is acquiring an undisclosed number of management contracts that are expected […]
Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early June was facilitated with loans from two large financial firms. Greystone placed and executed financing for the purchase of 16 of the communities in the portfolio. The package involved Freddie […]
Chicago-based private real estate investment management firm Harrison Street Real Estate Capital announced on Tuesday that it acquired a portfolio of 24 senior housing communities in California and Nevada operated by Oakmont Management Group, for approximately $1.2 billion. Additionally, Harrison Street is selling a 14-property medical office portfolio to real estate investment trust Healthpeak Properties […]