The latest senior living provider diving head-first into wellness-focused offerings is Monarch Communities, with the operator launching a new luxury senior living brand known as “The Current” in connection with Welltower (NYSE:WELL). The Current will be a “person-centric, wellness-oriented” aging-in-place community in Weymouth, Mass., and be the first of The Current brand of luxury senior […]
Welltower
This content is available as part of your SHN+ membership Third quarter earnings calls highlighted the pain to be inflicted by “higher for longer” interest rates, but the calls also revealed positive trends related to the improving operating environment for senior living. In particular, leaders with Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: […]
Welltower (NYSE: WELL) and Chartwell Retirement are ending a joint-venture arrangement and dividing a senior living portfolio the companies owned together under that agreement in Canada. Chartwell is handing ownership of 23 assets to Welltower in exchange for the Toledo, Ohio-based real estate investment trust’s (REIT’s) interest in 16 assets and a payment of $97.2 […]
This content is available as part of your SHN+ subscription We might be entering a golden age for senior housing REITs, judging by what the top leaders of Welltower (NYSE: WELL) and Ventas (NYSE: VTR) had to say during their companies’ most recent earnings calls. The senior living industry is entering a new period of […]
Thanks to a data-first analytics approach inspired by the film “Moneyball,” Pegasus Senior Living is on an upward trajectory in staffing and occupancy. The Dallas, Texas-based senior living provider is thinking about more operations growth internally than external growth. With current capital market constraints, CEO Chris Hollister sees select acquisition opportunities for external expansion and […]
Welltower (NYSE: WELL) is reloading its”growth bazooka” with fresh ammunition to fund senior housing acquisitions amid what CEO Shankh Mitra recently called “the best environment for investments that we have ever seen.” The Toledo, Ohio-based company on Monday announced a sale totaling $1.5 billion in gross proceeds from a public offering of 17.5 million shares […]
This content is available as part of your SHN+ subscription This economic cycle is going to feel like a “slow-moving train wreck.” Shankh Mitra, CEO of Welltower (NYSE: WELL), said that last week at the National Investment Center for Seniors Housing & Care (NIC) Fall Conference in Chicago. And his comments were reinforced the next […]
Welltower CEO Shankh Mitra has a lot on his plate at the tail-end of 2023. Welltower (NYSE: WELL) is gearing up to launch its in-house operating platform in Canada within the coming weeks with Cogir, which recently expanded its relationship with the Toledo, Ohio-based real estate investment trust (REIT). All the while, billions of dollars […]
Welltower (NYSE: WELL) announced Monday it has expanded its relationship with Cogir after closing a 12-property, $885 million CAD transaction. The properties are located in Quebec, with Cogir continuing to manage them in a 95% to 5% joint venture agreement. The deal was closed subsequent to the end of the third quarter of 2023, according […]
Sometimes, all it takes to know the quality of a senior living community is a visit to the employee break room — just ask the top leaders of Ventas (NYSE: VTR) and Welltower (NYSE: WELL). It’s not that Ventas CEO Debra Cafaro and Welltower CEO Shankh Mitra are sticklers about break rooms in particular. Instead, […]