$4.5 Billion in CMBS Loans Secured by Senior Housing, Delinquencies Possible

A combination of oversupply in some markets and baby boomers entering the senior living space at an older age may adversely impact the future performance of senior housing-backed commercial mortgage-backed securities (CMBS) loans. These loans are performing well at the moment, however, according to a new report by Kroll Bond Rating Agency (KBRA), a New […]

Transactions & Financings: Sabra Closes $350M Debt Offering; SHN’s $58M Portfolio Sale

Sabra completes $350M debt offering Sabra Health Care REIT (Nasdaq: SBRA) completed an underwritten public offering of $350 million worth of 3.9% senior notes due in 2029. The Irvine, California-based health care real estate investment trust filed a Form 8-K with the Securities and Exchange Commission on October 7, announcing the closing. Proceeds will be […]

Confused by ‘Active Adult’ Talk, Discovery CEO Presents Experiential Living Model

The ongoing discussion within the senior living industry on how to define active adult communities has, at times, made Discovery Senior Living CEO Richard Hutchinson’s head spin. “When I hear about senior apartments and active adult — having had experience [building] both of them — what we’re talking about is neither and it confuses the […]

English Meadows Grows Into Regional Senior Living Force

Mike Williams recently bought a recreational vehicle, for practical reasons. “Now I have a place to sleep when I visit our communities,” the founder and CEO of English Meadows Senior Living Communities told Senior Housing News. Williams and his RV will continue to add mileage for the foreseeable future. The Christianburg, Virginia-based owner-operator has been […]

Former Omega Healthcare Execs Form New Private Company, Hana 2.0

A group of long-term care veterans led by former AVIV REIT chairman Craig Bernfield are launching a new private company to acquire, develop and enter into triple-net leases on health care real estate for seniors. Hana2.0 Property Group will initially focus equally on assisted living and skilled nursing assets, co-President Jeff Marshall told Senior Housing […]

Nearly 1 Million New Senior Living Units Needed by 2040

Senior living is currently grappling with the effects of oversupply in some markets. Even more new supply will be needed to meet the demand for senior housing from baby boomers, though, suggests new analysis from the National Investment Center for Seniors Housing & Care (NIC). Using the 80-plus household cohort as a baseline, NIC used […]

Transactions & Financings: Ensign Group Completes Pennant Spinoff; GlynnDevins Acquires Consulting Firm

Ensign Group senior housing spinoff complete The Ensign Group (Nasdaq: ENSG) completed its spinoff of The Pennant Group (Nasdaq: PNTG), its unit for senior living, home health and hospice properties. The Mission Viejo-based company first announced the spinoff in May. Ensign stockholders received one share of Pennant common stock for every two shares of Ensign […]

How Senior Star, Country Meadows, SLC Are Rising to Workforce Challenges

The need for caregivers is growing, and senior living providers are faced with the dual challenges of higher wages and a tight labor pool. As a result, more providers are looking at ways to more successfully recruit new talent and improve employee engagement to reduce turnover. Executives from Senior Living Communities, Senior Star and Country […]

Co-Located Senior Housing, Libraries Open with Nearly Full Occupancy

In the Independence Park neighborhood on Chicago’s Northwest Side, an ambitious mixed-use development including senior apartments officially opened on Sept. 23. The library/apartments concept is an example of the growing trend of incorporating senior housing as a component of mixed-use real estate development. Large-scale changes in the economy are leading to new models of mixed-use […]