Asian Conglomerate Keppel Acquires 50% Stake in Watermark for $77 Million

Watermark Retirement Communities, one of the largest senior housing operators in the United States, has a new equity partner to help drive growth in both U.S. and international markets. Keppel Corporation—a Singapore-based company known for building offshore oil rigs—is acquiring a 50% stake in Watermark for around $77.3 million. In addition to the company’s substantial […]

HCP ‘Making Massive Progress’ Reinventing its Senior Housing Portfolio

HCP, Inc. (NYSE: HCP) has set out to reinvent its senior housing portfolio, and company leaders believe that they are “making massive progress.” The Irvine, California-based real estate investment trust (REIT) is currently “remaking [its senior housing portfolio] in a pretty dramatic way,” switching up the properties it owns, the providers it works with, the […]

Sunrise Senior Living to Refund $2.7 Million in Fees to UK Residents

Sunrise Senior Living is set to dole out more than £2 million—roughly $2.7 million in today’s exchange rate—to many residents who reside at its United Kingdom care homes. The UK government’s Competition and Markets Authority (CMA) helped arrange the deal, which applies to all residents who paid the senior living provider’s mandatory “upfront” fees since […]

HCP Unveils 5-Step Plan to Transform Senior Housing Portfolio

HCP, Inc. (NYSE: HCP) is hoping to get away from the “noise of repositioning” and finally start transforming. Addressing its senior housing portfolio is one key part of achieving this transformation, and leaders with the Irvine, California-based health care real estate investment trust (REIT) laid out their plans Thursday, in conjunction with announcing first-quarter 2018 earnings. One major facet […]

Transactions & Financings: $1 Billion REIT IPO, LTC Sells Portfolio to NHI

Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]

Senior Living Providers Fret Over Potential Opioid Laws, Regulations

Seniors—and senior living providers—have not been immune to the U.S. opioid crisis. As state and federal policymakers are taking steps to combat opioid addiction and overdoses, assisted living providers are concerned about maintaining appropriate access to these painkillers for residents and trying to answer tricky questions about best clinical practices. The opioid problem has become […]

Ritz-Carlton Developer Pivots to Luxury Senior Housing

Dallas-based senior housing owner and developer Silverstone Healthcare Company has been in business for about five years and is working with a well-established operator on about $1 billion worth of projects. Still, it’s possible that many industry players haven’t heard of them. “We’ve kept a very low profile,” Chairman and CEO Denny Alberts told Senior Housing News. The […]