Lifespace Communities continues to make progress in its efforts to streamline its portfolio for growth. The West Des Moines, Iowa-based nonprofit continuing care retirement community operator announced it is turning over ownership and management of two campuses — Deerfield, in Des Moines, Iowa; and Grand Lodge at the Preserve in Lincoln, Nebraska — to Immanuel […]
National Health Investors (NYSE: NHI) on Thursday announced $1.8 million in rent deferrals for Holiday Retirement. The deferrals relate to rent for May, June and July. The Murfreesboro, Tennessee-based health care real estate investment trust (REIT) also agreed to release $600,000 per month from Holiday’s security deposit, for the same time frame. The deposit totaled […]
A slight majority of communities reported no deaths related to Covid-19 in 2020. That’s according to a new study released Thursday by NORC at the University of Chicago, which reveals the extent to which Covid-19 impacted senior care settings across different levels of care. Notably, two-thirds of independent living communities studied reported no deaths from […]
Senior living providers face myriad problems and challenges, particularly in light of the Covid-19 pandemic. But these problems are not insurmountable, and companies across the industry are devising creative solutions. In this series, we’re surveying industry leaders to highlight these actionable solutions. For this edition, we asked leaders with Discovery Senior Living, Cascade Living, The […]
The Southeast U.S. and Washington, D.C. are hotbeds for senior housing development. But the regions lag behind most other areas of the country when it comes to providing affordable, quality health care for older adults. That is according to a new report from Medicare Guide, which studied a host of factors to rank the 50 […]
Intergenerational housing has become a growing trend within senior living in recent years. But there is a distinction between intergenerational and multigenerational housing that developers and operators need to be cognizant of as they incorporate multiple age groups as a component of larger developments. Additionally, there are lessons from Covid-19 that can be applied to […]
Healthpeak Properties (NYSE: PEAK) continues to shore up its financial position. The Denver-based health care real estate investment trust (REIT) announced cash tender offers for up to $550 million in senior notes due in 2025. The offerings consist of $250 million in senior notes carrying a 3.4% interest rate, and $300 million in senior notes […]
Coming out of Covid-19, senior housing will undergo transformations in three crucial areas: better integration of health care in communities; reassessing the built environment to provide a sharper focus on wellness and lifestyle; and addressing new and long-standing issues that impact operations. Some of these transformations are new, while others have been accelerated by the […]
Covid-19 caused senior housing merger and acquisition activity to fall significantly in 2020. The numbers are even more striking when compared to 2019, a year that saw investor appetite for the product reach unprecedented levels. There are continuing signs, however, that investor confidence is returning to the space and having a positive impact on M&A […]
With a reconstituted executive team in place, financial restructuring of one life plan community complete, and occupancy beginning to recover from 2020 lows, Lifespace Communities is now turning its attention to growth. Diversifying service lines and affiliating with smaller providers may be part of its strategy. The West Des Moines, Iowa-based nonprofit affiliated with Senior […]
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