Pegasus Senior Living has agreed to manage four properties developed by Omega Communities, expanding its portfolio for the first time since taking over operations for 36 former Brookdale Senior Living (NYSE: BKD) buildings last year. Birmingham, Alabama-based Omega is a for-profit company that develops senior living communities in affinity relationships with churches. The four properties […]
Workforce and occupancy are the top 2019 priorities for Senior Living Communities (SLC) CEO Donald Thompson, but he’s also taking a longer view. He foresees that current market pressures will last longer than many in the industry expect, and that there will be fruitful investment opportunities on the horizon. “I don’t think this overbuilding is […]
An upscale development in San Francisco is the first project to be unveiled by Louisville-based Atria Senior Living and New York City-based Related Cos., which last year announced a joint venture and a planned $3 billion pipeline of urban senior living communities. The San Francisco project will be a 214-room senior housing building licensed for […]
As the partnership between Atria Senior Living and real estate developer Related Cos. continues to take shape, Atria CEO John Moore remains committed to the multi-brand portfolio approach — and he says an expansion is on the way this year. Currently, Atria operates communities under three brands, and Moore believes the company will reach five […]
A persistent pricing disconnect in the senior housing M&A market is limiting acquisitions for LTC Properties (NYSE: LTC), CEO Wendy Simpson said Thursday in announcing Q1 2019 earnings. The Westlake Village, California-based real estate investment trust (REIT) is taking advantage of current market dynamics to sell some properties and also has been trying to resolve […]
Kansas City, Missouri-based NorthPoint Development has exited senior living by selling a 12-property portfolio to Chicago-based CA Senior Living. Previously under the Stonecrest brand, the communities will be operated by Anthology Senior Living going forward. Anthology is the operating arm of CA Senior Living, which is part of Chicago-based development and investment firm CA Ventures. […]
In recent years, a growing number of residential real estate developers have trained their sights on senior living and launched project pipelines. This trend will continue, and well-established senior living players must up their game in response, according to Belmont Village CEO Patricia Will. In particular, she believes too many senior living communities have poorly […]
National Health Investors (NYSE: NHI) is pivoting to focus on acquisitions after a busy quarter that included nine distressed senior living properties transitioning to new operators. “Transition properties can be distracting to our normal investment activity, so our rapid repositioning means we’re back to making accretive investments full time,” NHI CEO Eric Mendelsohn said Tuesday […]
The LaSalle Group, a Dallas-based development company with a focus on senior living, has voluntarily filed for Chapter 11 bankruptcy protection. The company is owned by Mitch Warren, who until recently also served as CEO. He has now stepped down from that role to smooth the way for a restructuring, he told Senior Housing News. […]
Arrow Senior Living is scaling up in the Midwest, differentiating itself with a sales approach to drive earlier move-ins and longer lengths of stay. “Although adult children are the initial inquiry into senior housing, they’re not the consumer,” Arrow founder and CEO Stephanie Harris told Senior Housing News. “I think our industry has gotten lost […]
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