The senior housing industry has become increasingly data driven, but metrics like occupancy statistics and new construction starts can’t always be taken at face value—they might paint a rosier or bleaker picture than what is actually happening in a given market. That’s according to a pair of experts who spoke Tuesday at the National Investment […]
Sabra Health Care REIT Announces $430 Million Deal Sabra Health Care REIT (Nasdaq: SBRA) recently revealed a plan to buy 24 skilled nursing and transitional care units on the West Coast for $430 million. Read more at Skilled Nursing News. Sagora Senior Living Purchases Community in Kingwood, Texas Fort Worth, Texas-based Sagora Senior Living recently purchased the […]
HCR ManorCare Chairman, President and CEO Paul Ormond has stepped down, Quality Care Properties, Inc. (NYSE: QCP) announced on Monday. The news comes as HCR ManorCare remains in default under its master lease and securities agreement with QCP. To learn more, head to Skilled Nursing News. Written by Mary Kate Nelson
Soon, the assisted living industry may have its own version of ‘Nursing Home Compare.’ Raleigh, North Carolina-based senior housing analytics platform VisionLTC and Formation Healthcare Group (FHG)—a subsidiary of private investment management firm Formation Capital—recently joined forces to develop an assisted living quality database. The new database will serve many purposes, according to VisionLTC CEO Arick Morton. […]
On Tuesday, Sabra Health Care REIT (Nasdaq: SBRA) announced it had entered into a definitive agreement to acquire a 49% equity interest in a joint venture that owns 183 senior housing communities managed by Chicago-based operator Enlivant. The move is a “proverbial strategic win-win-win” for Sabra, Enlivant and the operator’s private equity ownership firm TPG, Enlivant […]
Once again, leadership at the Mainstreet family of companies is in flux. Mainstreet Health Investments Inc. (TSX: HLP-U) on Tuesday announced that Zeke Turner has resigned as chairman of Mainstreet Health Investment’s board of directors, and will exit the board. He will continue to serve as the CEO of Carmel, Indiana-based Mainstreet, a privately held company […]
If the recent performance of CNL Healthcare Properties is any indication, private real estate investment trusts (REITs) aren’t struggling nearly as much with senior housing occupancy as their publicly traded counterparts. The Orlando, Florida-based non-traded REIT, which is sponsored by private investment management firm CNL Financial Group, increased same-store net operating income across its portfolio […]
Sabra Health Care REIT (Nasdaq: SBRA), which became the eighth-largest health care real estate investment trust (REIT) in the U.S. after a recent mega-merger, has plans to get even bigger. The Irvine, California-based REIT has entered into a definitive agreement to purchase a 49% equity interest in a joint venture that owns 183 senior housing […]
The 37th-largest senior housing provider in the U.S. has a new high-ranking executive, and he hails from a somewhat unlikely industry: wireless products and solutions. Baltimore-based The Shelter Group has named Doug Dollenberg, Jr. as its new president, according to a company press release. In doing so, The Shelter Group also named Dollenberg president of the organization’s senior […]
Last week, the entire nation watched in horror as eight residents at a skilled nursing facility in Hollywood, Florida, died after the building went without air conditioning for several hours. Unfortunately, many other senior care communities in Florida were dealt a similar hand—though many were able to successfully overcome the situation. A recent video from […]
