Atria, Related JV Moves in Intriguing Directions

Related Cos. and Atria Senior Living have been tight-lipped about plans for their $3 billion development pipeline, so I was excited when NY YIMBY recently published renderings of the project underway in New York City. I reached out to the architecture firm that is involved, Handel, in hopes of learning more about the design concept, […]

Welltower Senior Housing Occupancy Falls to 75.3% Amid Pandemic’s Winter Resurgence

Numbers from real estate investment trust Welltower (NYSE: WELL) provide the latest evidence that high Covid-19 infection rates across the country are taking a toll on senior housing communities. Occupancy in the REIT’s senior housing operating (SHO) portfolio fell 220 basis points in the fourth quarter of 2020, to 76.2%, according to a business update […]

New Operator Prosper Life Care Acquires First 2 Communities, Targets Middle Market

Although Covid-19 made the process longer and more complicated than anticipated, a new senior living operator — Prosper Life Care — has now acquired its first two communities. Both communities are located in Massachusetts and were previously owned and operated by Landmark Senior Living, which is exiting the sector to focus on addiction treatment. Landmark […]

Brookdale Reports December Occupancy of 71.5%, Progress on Vaccinations

Occupancy continued to slide for Brookdale Senior Living (NYSE: BKD) as 2020 came to an end, with both weighted average occupancy and month-end occupancy sitting at 71.5% in December. However, the new year brought better news for the nation’s largest senior living provider, with about 90% of its communities having completed or scheduled an initial […]

Former Capital Senior Living CEO Cohen, Colleagues Launch Trustwell Living

A team of senior living veterans including former Capital Senior Living (NYSE: CSU) CEO Larry Cohen is launching a new operating company, Trustwell Living. Cohen is starting Trustwell Living with three of his colleagues from Capital Senior Living, according to a press release issued this morning. Cohen led Dallas-based Capital as CEO and vice chairman […]

What the Launch of Papa Health Could Mean for Senior Living

Papa, a service that provides on-demand companionship to older adults, now has gone nationwide and launched a new Papa Health service. Having raised a total of $31 million in venture capital, the startup is eyeing ways to work with senior living providers as it continues to expand. Founded in 2017, Papa provides on-demand assistance and […]

Capital Senior Living Completes Triple-Net Exit, Launches Management Business

Capital Senior Living (NYSE: CSU) has completed the previously announced exit from its triple-net leases and is now entering the growth stage of its turnaround effort, with a new management services business as one platform for expansion. The Dallas-based provider had transitioned 23 formerly leased communities to other operators as of Dec. 31, 2020, according […]

1,400 Amazon Echo Show Devices Set For Delivery to NC Assisted Living Centers

More than 1,400 Amazon Echo Show devices will be distributed to assisted living communities across North Carolina by the end of this month, at no cost to providers. That’s thanks to efforts made by the North Carolina Assisted Living Association (NCALA) and senior living-focused technology platform K4Connect. The association and K4Connect have worked together for […]