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 […]
Healthpeak Properties, Inc. (NYSE: PEAK) and Physicians Realty Trust (NYSE: DOC) have entered into an agreement to combine in an all-stock merger valued at approximately $21 billion, according to a news release issued Monday. Healthpeak’s senior housing holdings now include 15 continuing care retirement communities (CCRC) in five states and Washington D.C., with the highest […]
This content is part of your SHN+ subscription Senior living operators are improving care coordination and life enrichment offering for residents in a bid to improve length of stay (LoS) — while also being patient as the market appears to be normalizing from disruptions related to Covid-19. Many providers have reported that acuity among residents […]
This article is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Completed Nonprofit senior living provider opens first new community since 1912 Lyngblomsten, a Minnesota-based nonprofit senior services […]
A new generation of older adults is entering the senior living industry, but operators vying for their business can’t simply rest on their laurels. The baby boomers are bringing with them a range of desires and needs out of senior housing communities, and to attract them, operators need to shift their perspective by listening and […]
A longtime senior living innovator and Georgetown University adjunct faculty member is touting a new memory care design undertaken at a life plan community in Virginia as a next-generation vision for the industry. The community earlier this year unveiled a new approach involving technology and physical renovations that amounted to creating a “first-of-its-kind” memory care […]
The nature of senior living management companies is inherently evolving as providers look to make regional inroads and grow in a challenging economic climate. Management companies have changed structurally over the last two decades, going from predominantly triple-net leases to management agreements that more closely align operators and owners behind the same goals. Rather than […]
This article is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In Progress Final phase of Illinois community expansion underway The Oak Trace senior living community in Downers […]
Editor’s Note: We are thrilled to launch Memory Care Business, a weekly newsletter that will inform memory care professionals about the latest clinical innovations, breakthroughs in medical research and technology, best practices in operations, deals shaping the sector, and more. Thank you to those who have already subscribed, and we invite others to click here to receive […]
