Senior living owners, developers, and operators have found success in recent years repurposing a variety of seemingly obsolete buildings into senior housing, from schools to shopping malls to traditional apartments. Now, adaptive reuse is gaining even more momentum as a senior living development route. Developers are seeking out adaptive reuse opportunities as construction materials and […]
Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound. The Toledo, Ohio-based real estate investment trust’s (REIT) rating outlook was revised from negative to stable, and its issuer credit rating was revised to “Baa1” status by Moody’s Investors Service. The […]
Retirement Unlimited opened two new communities in 2019 — and then the Covid-19 pandemic hit. But the organization’s efforts to quickly stabilize occupancy and operations in its lease-up communities laid the foundation for the Roanoke, Virginia-based provider to defend its overall census and position it for success in a post-pandemic environment, President Doris-Ellie Sullivan told […]
Many senior living providers have been pivoting to wellness in their operational models, and memory care is no exception. But given the particular needs of memory care residents, fostering a wellness-first approach is not easy. Bringing wellness into memory care involves engaging multiple stakeholders, specific training, transforming physical spaces, and integrating technology. Most importantly, memory […]
Another investor in Capital Senior Living (NYSE: CSU) has proposed an alternative to the provider’s plan to raise up to $154.8 million through a transaction with Conversant Capital. Invictus Global Management on Tuesday provided term sheets to Dallas-based Capital Senior Living for a $150 million financing transaction, which it claims is at market value and […]
Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]
EveryAge has some ambitious plans, as the senior living and aging services provider celebrates its 50th anniversary. Last month, the nonprofit – formerly known as United Church Homes and Services – completed a rebranding in conjunction with its golden anniversary. The new corporate identity goes beyond the company’s beginnings as a faith-based provider to be […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Isaac Wallace, design project manager for ERDMAN, […]
Amazon (Nasdaq: AMZN) is launching a new subscription service, as well as a long rumored home assistant robot, that could further position the e-retailer and tech giant as a player in the senior care space. The service, Alexa Together, and the robot, Astro, were announced during Amazon’s invite-only fall hardware event on Tuesday. The robot […]
Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]