Transactions & Financings: Cushman & Wakefield Brokers PGIM-Revera JV; HumanGood Affiliates with Washington Provider

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 […]

Senior Housing Insurance Rates Continue to Spike, But Signs of Slowdown Emerge

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 […]

Acts Retirement-Life Communities Forges Wilmington University Partnership for Workforce

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 […]

Problem Solvers: Improving Senior Living Transfers From Acute and Post-Acute Care

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 Pegasus Senior Living, Cypress Living, Juniper […]

NHI Continues to Defer Bickford Rent, Occupancy Decreases Marginal

National Health Investors’ (NYSE: NHI) deferred rent total from Bickford Senior Living continues to grow. NHI announced on Thursday it agreed to defer up to $5 million in April and May rent due from Bickford, which operates 47 communities for the Murfreesboro, Tennessee-based health care real estate investment trust (REIT). Previously, NHI deferred $5.85 million […]

Memory Care Innovations Take Hold in Wake of Covid-19

Covid-19 presented unique challenges for memory care providers. These challenges included limiting the ability of residents to walk about freely and congregate with each other, and ensuring the stability of their daily routines. Additionally, a report from the Alzheimer’s Association found that people with cognitive decline were more likely to contract Covid-19 than their healthier […]

Ares Management Raises $1.7B Fund, Distressed Senior Housing a Target

Ares Management Corporation (NYSE: ARES) is the latest investor looking to capitalize on growing distress in senior housing. The Los Angeles-based global investment firm raised $1.7 billion in commitments for its newest opportunity fund, beating its $1.5 billion target, and distressed senior housing is expected to play a significant part of the fund’s acquisition strategy, […]

Transactions & Financings: Charter Health Care Acquires Hospice Provider; Standard Communities’ $68M Senior Apartment Deal

Charter Health Care Group is expanding its post-acute care platform. The Cucamonga, California-based provider acquired The Providence Hospice and The Providence Home Health Services, a Houston-based in-home health care provider. Financial terms of the transaction were not disclosed. This is now Charter’s sixth acquisition since early 2020, now serving 4,500 patients in seven states. Charter […]

Increased Hiring Challenges, Staff Burnout Could Hamper Senior Living Providers in 2021

Covid-19 exacerbated an already tough hiring environment for senior living providers over the past year. Now, as the industry nears a post-pandemic environment, it is uncertain if providers will be able to recruit available workers — a challenge that may become harder if hospitality and other industries hard hit by Covid-19 experience quick rebounds. Sign […]