Maplewood Senior Living is on more stable footing in 2024, according to executives with Omega Healthcare Investors (NYSE: OHI), about a year after the operator said it was facing a “modest liquidity crunch.” Omega previously moved to restructure its Maplewood portfolio after the operator fell behind on payments last year. Under that restructuring, the Hunt […]
Omega Healthcare Investors
This article is part of your SHN+ subscription Some notable news broke on Tuesday night: the acquisition of a 113-bed assisted living and memory care community in Brentwood, Tennessee. I know that sounds more like a modest deal rather than headline news, but the transaction could have a big impact on the sector, if the […]
Operational trends at Omega Healthcare Investors (NYSE: OHI) are moving in the right direction, according to CEO Taylor Pickett. That said, the company is still working with its operating partners on various challenges affecting their ability to pay rent. In the second quarter of 2023, the company posted adjusted funds from operations (FFO) of $183 […]
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 […]
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 […]
TSOLife, a company providing an artificial intelligence-based platform for senior living communities, recently completed a $9 million Series A funding round led by Formation Capital Founder and Executive Chairman Arnold Whitman. Whitman, a longtime venture investor in senior living and founding partner of Generator Ventures, undertook the funding in coordination with Omega Healthcare Investors (NYSE: […]
An industry veteran is launching a new senior living development company with projects planned in the South and Midwest. The new company is an effort spearheaded by Steve Levin, who is a former senior vice president at Omega Healthcare Investors (NYSE: OHI). He was also co-president of Hana2.0 Property Group, which was a spinoff from […]
Senior living providers generally excel at caring for residents, but many operators could make “truly huge, shocking” improvements in how they run their businesses. This is the perspective that Welltower COO John Burkart shared last week, speaking at the Citi Global Property CEO Conference. The event shed light on how Burkart is approaching his role […]
On Manhattan’s Upper East Side sits a highrise building with a design rivaling some of the Big Apple’s most exclusive apartments. But the building isn’t a condo complex or a storied apartment — it’s a senior living community. The building is Inspir Carnegie Hill, a 23-story, 215-unit senior living community from Westport, Connecticut-based Maplewood Senior […]
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 […]