The positive momentum within Ventas’ (NYSE: VTR) senior housing operating portfolio (SHOP) that manifested in the first quarter of 2021 continued into the second quarter and July. New leads and move-ins in the quarter exceeded Q1 2019 levels, with the former setting a new high. Occupancy has improved sequentially for five straight months. And the […]
Sabra Healthcare REIT’s (Nasdaq: SBRA) decision to exit its Enlivant joint venture with private equity firm TPG has not soured the company on the operator, nor lessened its appetite for senior housing. With the wheels already turning on a sale of its 49% stake in the 159-community portfolio, Sabra is turning its attention to growing […]
Covid-19 presented multiple challenges for memory care providers. In many ways, however, the pandemic served to hasten providers’ ability to innovate within the space, as demonstrated in ongoing efforts at Benchmark and Discovery Senior Living. More adaptable and individualized programs, evidence-based physical plant changes, and strenuous staff recruitment and training efforts are among the approaches […]
Sabra Health Care REIT (Nasdaq: SBRA) will exit its joint venture with private equity firm TPG in 159 senior housing communities operated by Enlivant, bringing a nearly two-year saga close to its endgame. The Irvine, California-based health care REIT announced its intentions on Wednesday, ahead of its Q2 2021 earnings call. However, CEO Rick Matros […]
Healthpeak Properties’ (NYSE: PEAK) exit from rental senior housing is essentially complete. The Denver-based health care real estate investment trust (REIT) announced the sale of $230 million from its senior housing operating portfolio (SHOP) and triple-net leased communities since May 4, CEO Tom Herzog said Wednesday during the company’s Q2 2021 earnings call. Additionally, Healthpeak’s […]
The impact of Covid-19 on nonprofit senior living continues to reverberate, and is forcing leaders in the space to reconsider approaches to foundational pillars such as staffing models and hospitality-forward care. Covid-19 highlighted the heroism of senior living workers but an ongoing labor crisis means that providers should be thinking big about future changes. In […]
Former Sunwest Management CEO Jon Harder may no longer be behind bars, but he is not out of legal trouble. A judge on Monday ruled that Harder must repay $79.5 million to investors he defrauded over a decade ago. Harder was charged with 56 counts of fraud in 2012, tied to his role in defrauding […]
Diversified Healthcare Trust (Nasdaq: DHC) made further progress on its transition of 108 communities operated by Five Star Senior Living (NYSE: FVE). The Newton, Massachusetts-based health care REIT on Monday announced a management agreement with Stellar Senior Living for nine skilled nursing communities and one continuing care retirement community totaling 1,152 units in Colorado, Texas, […]
Recent data on CEO turnover suggests that a new cadre of top executives is rising in the wake of the pandemic, across various industries. That trend could also be playing out in senior living. Covid-related burnout and the need for new skillsets in light of pandemic-related challenges are two factors underlying recent CEO turnover across […]
In what could be the latest indication of how video content is playing a larger role than ever in senior living, OneDay has raised a substantial amount of capital to fuel its next stage of growth. The Dallas-based startup on Thursday announced a $19 million Series B funding round, which will be used to facilitate […]