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 Maplewood to Expand Inspir Brand to Washington, D.C. Maplewood Senior Living and Omega Healthcare Investors (NYSE: OHI) are bringing the […]
LTC Properties (NYSE: LTC) has nearly exited its relationship with Senior Lifestyle Corp., expanding its partnerships with Juniper Communities and Oxford Senior Living in the process. LTC — a real estate investment trust (REIT) based in Westlake Village, California — decided before the Covid-19 pandemic to transition its portfolio operated by Chicago-based Senior Lifestyle, one […]
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: Complete First Residents Move into Massachusetts Community The first group of residents has moved in at Salmon at Medway, a Salmon […]
When Wendy Simpson, CEO of LTC Properties (NYSE: LTC), heard a colleague at a different real estate investment trust predict a two-year timeline to senior living occupancy recovery, she thought, “That’s just silly.” But, she no longer thinks so. “I think later in the year, we should be able to get a better trend, but […]
Adam Kaplan has a keen sense of the history of senior living, having grown up in the industry. As Founder and CEO of Solera Senior Living, he is drawing inspiration from the entrepreneurs who created the sector while also pushing hard to move senior living forward. Since starting Denver-based Solera in 2016, Kaplan has pursued […]
Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]
Brookdale Senior Living (NYSE: BKD) opted to extend its lease with real estate investment trust LTC Properties (NYSE: LTC) through Dec. 31, 2021. Brookdale holds an option to extend the lease through April 30, 2022. Rent terms under the master lease did not change. Westlake, California-based LTC also extended a $4 million capital commitment to […]
LTC Properties (NYSE: LTC) granted roughly $3.7 million in deferred, abated and reduced rent in the first four months of this year. The Westlake Village, California-based real estate investment trust (REIT) also has agreed to provide rent deferrals and abatements of up to $721,000 for both May and June of this year. In Dec. 2020, […]
Senior living’s response to Covid-19 over the past year cemented the industry’s years-long paradigm shift toward greater clinical capabilities and integration across the care continuum. This shift was ongoing, pre-pandemic, due to rising acuity among residents and shifts in health care payment systems, among other factors. Especially in light of Covid-19, providers throughout the space […]
The Covid-19 pandemic has created myriad problems for senior living providers. But these problems are not insurmountable, and companies across the industry are devising creative solutions. In this series, we’re surveying industry leaders to highlight these actionable solutions. For this edition, we asked leaders with Brookdale Senior Living (NYSE: BKD), Senior Lifestyle Corp., Kendal Corp. […]
