Assisted Living Struggles Continue to Weigh on New Senior

New Senior Investment Group (NYSE: SNR) continues to make progress on its turnaround agenda, and is prioritizing assisted living, which continues to struggle with oversupply and labor costs. The performance disparity between the New York City-based real estate investment trust’s independent living and assisted living segments was on display during its Q2 2019 earnings call […]

Welltower Posts Strong Senior Housing Numbers Amid Operator Reshuffles

Welltower’s (NYSE: WELL) senior housing portfolio performance continued to pace strong earnings in the second quarter of 2019 — a period marked by a flurry of transactions. Leadership of the Toledo, Ohio-based real estate investment trust put those deals in greater context during Wednesday’s earnings call. They were approached by a buyer who offered attractive […]

Mobile Home Parks Become Red-Hot Senior Living Option

Mobile home parks have long been a part of the senior living landscape, and they have emerged as one of the most in-demand product types in recent years. They offer investors stability and steady returns, and they provide older adults amenities found at other senior housing communities at more reasonable price points. In fact, senior […]

Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

Activist Shareholder Keeps the Heat on Brookdale with Latest Letter

Land & Buildings Investment Management continued its aggrieved pen pal relationship with Brookdale Senior Living (NYSE: BKD) on Tuesday. The activist shareholder sent the nation’s largest senior living operator’s shareholders its third open letter in July, the latest attempt to push Brookdale to unlock the value of its real estate. The newest letter does not […]

Medical Concierge in Senior Living Cuts Readmissions, Improves Length of Stay

Providing residents with a “concierge” — a primary point of contact to assist them with their medical needs and care — can result in numerous benefits both to older adults and senior living providers. The model can significantly improve residents’ overall health and quality of life, reduce health care costs and make care delivery more […]

Senior Housing Performance Tempers Ventas’ Strong Q2 Earnings

Ventas (NYSE: VTR) continues to deal with the realities of senior housing supply and demand dynamics, even as the company prepares for what it believes will be a reversal of fortune in that segment of its portfolio over the next five years. The Chicago-based health care real estate investment trust (REIT) reported funds from operations […]

Long-Term Care, Assisted Living Deal Values Spike in 2019

A notable dropoff in megadeals has not slowed investor interest in long-term care and assisted living properties, because the industry remains attractive to investors who recognize managing rising costs and population health remain priorities. Notably, deal value for long-term care assets, which includes assisted living, saw the largest increase in multiple value versus the previous […]

Watermark, Affinity Launch Company-Wide LGBTQ Initiatives

Watermark Retirement Communities CEO David Barnes remembers the first time he recognized his company could be more inclusive for all. About seven or eight years ago, two gay men visited Watermark’s central office in Tucson, Arizona for advice on conducting market research for building a senior housing community exclusively for lesbian, gay, bisexual, trans and […]

Bahrani Investor, Madison Marquette Acquire $180M Senior Housing Portfolio

Madison Marquette, a Washington, D.C.-based real estate investment manager and real estate services provider, partnered with a Bahraini investment firm to acquire a six-property senior housing portfolio. GFH Financial Group announced the acquisition on Tuesday, valuing the deal at over $180 million. The portfolio totals 509 units/589 beds in a mix of private-pay independent living, […]