AARP has announced it is establishing a $40 million venture capital fund to invest in products and services aimed at the older adult market, primarily to improve access to health care, invest to enable aging at home and expand marketing for preventive care. AARP is a nonprofit membership organization for those 50 and older, with nearly 38 […]
The toll of caregiving can sometimes be more than one can handle, findings from Genworth’s recent “Beyond Dollars” study show. Senior living providers can offer an alternative that may be increasingly attractive to family caregivers, who are experiencing greater burdens and may be seeing their careers and income suffer, the findings suggest. Today’s caregivers are […]
A shareholder has taken private equity giant Fortress Investment Group (NYSE: FIG) to task over New Senior Investment Group (NYSE: SNR), a publicly traded health care real estate investment trust focused on private pay senior housing, which has seen its stock price drop dramatically since its inception last year. John Levin of Levin Capital Strategies, a […]
The Assisted Living Federation of America (ALFA) has changed its name to Argentum, the association announced Tuesday. The board of directors voted to approve the name change and new logo for the association on Monday. ALFA will officially transition to the Argentum name and brand on Dec. 1 at its Chief Executive Summit in Scottsdale, […]
Brookdale Appoints New Director and Non-Executive Chairman of the Board Brookdale Senior Living (NYSE: BKD), the largest senior living operator in the U.S., announced that its Board of Directors has appointed Daniel Decker as Class I director and the non-executive chairman of the board in replacement of the late Granger Cobb, effective Oct. 1. “Dan is […]
Health Care REIT (NYSE: HCN) President and CEO Thomas DeRosa announced Monday that the company—one of the largest owners of senior housing real estate in the country—will change its name to Welltower Inc. The renamed company will continue to trade its common and preferred stock under the New York Stock Exchange ticker symbol “HCN,” according to […]
Big Rock Partners, a real estate investment firm, recently announced it will break ground on a new senior living community in southern Palm Beach County, Florida, after securing a $68.2 million construction loan from Wells Fargo. The project is noteworthy for the involvement of Ventas Inc. (NYSE: VTR) as an equity partner, and as one […]
Grandbridge Arranges $10.5 Million Refinance for Phoenix Community Grandbridge Real Estate Capital LLC, a national full-service capital provider headquartered in Charlotte, North Carolina, arranged a $10.5 million refinance loan for Avista North Mountain, a senior housing community in Phoenix, Arizona. “This debt financing marks an important milestone for Avista North Mountain and our company,” Kristopher […]
Despite recent speculation that REIT consolidation could be on the way, Ventas Inc. (NYSE: VTR) CEO and Chairman Debra Cafaro remains bullish that growth in the senior housing industry can sustain more real estate investment trusts. Speaking as the featured guest at Crain’s Real Estate Forum in Chicago last Thursday, Cafaro said she sees room […]
This week, SHN readers caught up on one of the biggest industry acquisitions as of late and were eager to learn more about the implications for REITs following the news that the Federal Reserve would not change its policies to raise target interest rates. Other top stories of interest involved a new entrant to the senior […]
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