ESI Arranges Sale of $38 Million Portfolio in Arkansas Evans Senior Investments (ESI) represented the sale of two senior housing communities in Bentonville and Rogers, Arkansas, for about $38 million. The two communities have a total of 208 total senior housing units. At the time of the sale, the Bentonville community had just recently opened and […]
Today’s senior housing communities look much different than they did a few years ago—and for good reason. Nowadays, most residents are older, with greater health needs. Their adult children have high expectations of senior housing providers, and care staff are difficult to keep around, especially in work environments that feel institutional and outdated. For these […]
Senior living organizations across the country have introduced a variety of new C-suite positions—from chief information officers to chief health officers—as they’ve repositioned their companies to serve frailer residents and please pickier adult children. Now, given the current labor challenges plaguing the industry, the next top executive to join senior living organizations in droves may be […]
Unlike other health care-focused real estate investment trusts (REITs), National Health Investors (NYSE: NHI) has managed to stay off of the sidelines in recent months and remain fairly active in the senior housing marketplace. The Murfreesboro, Tennessee-based company credits its M&A activity to nurturing its several operator relationships and staying open to smaller-scale deals, Kevin Pascoe, […]
Inovonics Awarded with Two Design Patents for Senior Living Pendants The United States Patent and Trademark Office recently awarded Inovonics a pair of design patents for its EN1221S-60 family of senior living pendants. Brought to market in September 2015, the EN1221S-60 pendant is 60% smaller and lighter than Inovonics’ prior pendant. The pendant has a […]
It’s a misconception that seniors are resistant to change. In fact, there’s a strong appetite for innovations in technology and service delivery among both senior housing providers and the older adults they serve, recent developments indicate. A fund targeting investment companies that are improving the aging experience—including through technology, home-based care and data analytics—has recently […]
New Senior Investment Group Inc. (NYSE: SNR) on Friday announced that its board of directors expects to share the outcome of its previously announced strategic review “in the coming months.” The New York City-based real estate investment trust (REIT) first announced the strategic review in February, saying that it was considering an outright sale of the […]
Real estate investment trusts (REITs) with senior housing operating (SHOP) portfolios will probably see a decline in their SHOP net operating incomes this year, sector experts believe. Specifically, SHOP will likely see net operating income (NOI) decline 1% in 2018, according to Newport Beach, California-based real estate research firm Green Street Advisors. The dip will likely […]
PMRG in Talks to Merge with Madison Marquette Texas-based PMRG, a privately held commercial real estate firm specializing in property management, project leasing investment management and development services, and Washington, D.C.-based Madison Marquette, a privately held commercial real estate investment and operating company, are in talks to merge. Closing is expected in the next 30 […]
Most continuing care retirement communities (CCRCs) in the United States continue to be not-for-profit, though for-profit CCRCs are more likely to be part of a multi-site organization, according to a new analysis from Chicago-based specialty investment bank Ziegler. Ziegler is currently tracking 1,955 CCRCs across the country. The majority—78%—of CCRCs in the U.S. are sponsored by […]
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