Former first lady Barbara Bush recently celebrated her 90th birthday, and had the team here at Senior Housing News wanting to know her secret to longevity (find out below). SHN readers were interested in how one Florida senior living community will get even bigger, Mainstreet’s $5 billion development pipeline and more. As we got ready for the weekend, The Wall Street Journal caught our attention with a breakdown of how real estate investment trusts (REITs) are changing their compensation practices.
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Titan Deal Will Make America’s Largest Senior Community Even Bigger — With more than 105,000 residents, The Villages is the largest retirement community in the U.S. Recently it joined with San Antonio, Texas-based Titan Senior Living and KR Management on plans to develop a series of senior living communities strategically located to serve The Villages’ master development.
Mainstreet Plans Big for $5 Billion in Post-Acute Development — Indiana-based Mainstreet has an “identified pipeline” to develop $1 billion in properties each year over the next five years, Executive Vice President of Investments Scott White said June 10 at the Canadian Senior Housing Symposium in Toronto.
Apartment Operator Enters Senior Living With Historic Turnaround — Well-known for its portfolio of apartment properties, HRG Realty Management recently acquired its first senior living community, in the northern Chicago suburb of Evanston.
Criticism in recent years is fueling changes in compensation practices at top REITs, according to The Wall Street Journal, which notes that NorthStar Realty Finance Corp. was among those REITs whose chief executives were the highest paid in 2014. Salaries, bonuses and other benefits will now be more closely linked to financial performance, WSJ says.
For Your Viewing Pleasure
Learn Barbara Bush’s secret to longevity via her interview with NBC’s “Today” Show.