Senior living sales and marketing teams launched a digital transformation during Covid-19. Providers realized the importance of paid and earned social media to drive lead generation. Virtual tours became the norm as communities across the country contended with lockdowns. And investment in digital platforms continues to increase. Messaging has also evolved at a fast pace. […]
The list of private equity firms raising funds to target the health care space continues to expand. Chicago-based Linden Capital Partners is raising money for its latest fund, with a target of $2.5 billion, according to a Form D filed May 13 with the Securities and Exchange Commission (SEC). The fund, which has a hard […]
Cambridge Realty Capital found a way to place new debt during the coronavirus pandemic. The West Palm Beach, Florida-based financial services firm announced it closed on $446 million in interest rate reduction (IRR) loans from April 2020 through December 2020 — activity driven by the firm’s proactiveness to help clients reduce debt load during the […]
Invesque (TSX: IVQ.U) CEO Scott White believes that occupancy and net operating income for his company’s senior housing operating partners will experience a quick rebound, paced by pent-up demand for senior living. As evidence, he points to Commonwealth Senior Living, Invesque’s affiliated operator with 33 communities across four states, which recorded the highest number of […]
The coronavirus pandemic significantly slowed the development and acquisition pipelines of large-scale investors, as the capital markets retreated to the sidelines and waited for some stability to enter the lending landscape. Now, there could be as much as $12 billion in dry powder ready to deploy in senior housing, estimates Dustin Warner, director with Harrison […]
National Health Investors’ (NYSE: NHI) rent deferrals and concessions continued in the first quarter of 2021 and could continue to have an effect on the company’s bottom line in the second quarter, and possibly longer. But, operators working with the Murfreesboro, Tennessee-based real estate investment trust (REIT) are seeing positive momentum on move-ins and occupancy, […]
Financing for assisted living and memory care developments and acquisitions is gradually becoming easier to secure, but high construction costs and continued pandemic-related uncertainty remain challenges. Developers with proven track records of success, however, have had little trouble putting together their capital stacks over the past year. And creative new avenues of lending, such as […]
The positive trends that emerged across Ventas’ (NYSE: VTR) senior housing operating portfolio (SHOP) in the fourth quarter of 2020 accelerated late in the first quarter of 2021 — and continued in April. Leads and move-ins reached 2019 levels in March. Move-ins during March and April reached levels not seen since mid-2019, and occupancy gains […]
Private equity firm TPG wanted to come to a resolution with Sabra Health Care REIT (Nasdaq: SBRA) on its Enlivant joint venture by the end of 2021. Ongoing operational pressures stemming from Covid-19 have forced TPG to reconsider that time table, and now the two sides have agreed to push back any resolution to the […]
With its exit from rental senior housing near completion, Healthpeak Properties (NYSE: PEAK) is turning its attention to driving growth and value through its three primary real estate segments: life sciences, medical office buildings, and continuing care retirement communities (CCRCs). Healthpeak’s CCRCs reported improved operations, expense controls and occupancy gains in the first quarter of […]
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