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 […]
Sunrise Senior Living
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 […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Clark Retirement Plans to Expand Two Michigan Communities Clark Retirement has plans to undertake […]
All senior housing communities hope they will never have to put their emergency evacuation plans into effect, but the unfortunate reality is that natural disasters happen. Recent events from fires to floods across the U.S. have sent some communities reeling in response, but those with well-planned emergency evacuations have avoided their own disasters in the […]
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, 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 […]
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 […]
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 […]
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 […]
Medicare Advantage (MA) plans will be able to offer a new type of benefit starting next year, which could be a game-changer for senior living. It could create a new revenue stream for providers while also making them more important players in the U.S. health care system overall. Yet, there are still important questions to […]