PGIM Senior Housing Fund Raises Nearly $1 Billion

PGIM Real Estate exceeded the fundraising target for its latest senior housing fund, securing almost $1 billion. The Madison, New Jersey-based real estate investment announced on Monday it closed its capital raise for its Senior Housing Partners Fund VI with $996 million in commitments. This is the largest raise to date in the fund series […]

BayBridge Acquires Amica for $578 Million in Latest Canadian Mega-Deal

Following months of sagging stock prices and riding the wave of consolidation in the senior housing industry, Vancouver-based Amica Mature Lifestyles Inc. has agreed to a a buyout by BayBridge Seniors Housing. The transaction totals more than $500 million Canadian dollars, and moves Amica from the public to the private sector.  Under the agreement announced Wednesday, Amica […]

USA Today Raises Concerns About Covid-19 Fees for Assisted Living Residents

A USA Today article on long term care facilities charging higher service fees during the coronavirus pandemic shines another spotlight on the rising expenses incurred by providers — and raises questions about whether assisted living operators are unfairly passing on costs to residents. The article focuses largely on a resident at Legend of Mansfield, a […]

Covid-19 Bulletin: Legal Immunity for California Providers in Doubt; Massachusetts Slow to Report Covid-19 Assisted Living Data

Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]

Moody’s: Bond Defaults Loom As Covid-19 Hits Senior Housing Hard

No other U.S. public finance sector has been hurt more by the Covid-19 pandemic than senior housing and care, according to Moody’s Investor Service. “While many hospitals, entities with bonds secured by taxes frozen during the economic shutdown, and other types of enterprises are seeing some pinch, no other sector has seen the singular confluence […]

Seeking A Roadmap: What To Expect In A Senior Living Earnings Season Like None Other

Publicly traded senior housing owners and operators begin reporting their Q1 2020 earnings next week, but these financial results will be essentially irrelevant due to Covid-19. Analysts, investors and senior living professionals hope that the earnings reports and comments from executive teams will provide a clearer sense of Covid-19’s effects on the industry and what […]

Aegis Living CEO: Senior Housing Will Not Return to Normal After Covid-19

As much as Covid-19 is currently disrupting senior housing, the long-term ramifications of the pandemic on the industry are yet to be determined. One thing is for certain — the industry will look markedly different when the crisis is over. Short-term solutions such as staff wearing full personal protective equipment (PPE), heightened disinfectant and isolation […]