Healthpeak Properties’ (NYSE: PEAK) exit from rental senior housing is nearly complete. The Denver-based health care real estate investment trust (REIT) sold $1 billion in senior housing assets in the first quarter of 2021, bringing the firm closer to completely divesting of its senior housing operating portfolio (SHOP) and triple-net senior housing assets, according to […]
Covid-19 proved, above all, that senior housing is a health care product. As the industry moves toward a post-pandemic environment, however, many assisted living providers still grapple with balancing health care with hospitality. Striking the right balance is imperative as more seniors enter the space with multiple chronic conditions. Assisted living providers with standardized approaches […]
One year ago, senior housing mergers and acquisitions activity came to a screeching halt as a result of Covid-19. But there are signs that the M&A landscape will experience a strong rebound in 2021, and the rebound will be spearheaded by a wide range of buyers seeking value-add opportunities as well as stabilized assets. Mergers […]
Brookdale Senior Living (NYSE: BKD) opted to extend its lease with real estate investment trust LTC Properties (NYSE: LTC) through Dec. 31, 2021. Brookdale holds an option to extend the lease through April 30, 2022. Rent terms under the master lease did not change. Westlake, California-based LTC also extended a $4 million capital commitment to […]
Covid-19 has been a period of innovation for senior living in many ways, notably the embrace of telehealth and technology platforms, and finding creative ways to market and sell communities to prospective residents. Atria Senior Living adapted in these realms and others — “relearning PR,” for example — and CEO John Moore believes that the […]
Covid-19 opened the telehealth floodgates in senior living and all signs point to the technology being here to stay. Providers found telehealth platforms to be an important tool in their clinical programs. As the industry gradually brings the pandemic to heel, determining how and where to utilize telehealth in a “new normal” will require deliberation […]
With communities in New Jersey and Delaware, Springpoint Senior Living was at the epicenter of the first wave of Covid-19 last spring — and the challenges came fast and furious. “It was like drinking from a fire hose,” CFO Garrett Midgett told Senior Housing News. Labor costs skyrocketed, and occupancy dropped significantly from mid-March through […]
Earlier this month, PGIM Real Estate and Revera Communities affiliate Signature Senior Lifestyle announced a joint venture to develop and manage senior housing communities in the United Kingdom, focusing on submarkets in the greater London area with strong demographic demand. Earlier this week, global real estate services firm Cushman & Wakefield (NYSE: CWK) announced that […]
A hardening of the insurance market over the past two years continues to have an adverse effect on senior housing professional and general liability underwriting. Premiums, program structures and terms and conditions continue to be impacted by a lack of insurers in the space, according to the Spring 2021 Insurance Marketplace Realities update from insurance […]
In recent years, large senior living operators have struck partnerships with universities and invested serious money to extend educational opportunities to employees. In the latest example of this trend, one of the largest continuing care retirement community (CCRC) operators in the United States is expanding its education offerings to employees. Nonprofit provider Acts Retirement-Life Communities […]
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