Activist Shareholder Again Pressures Brookdale on OpCo/PropCo Split

Land & Buildings is again pushing the nation’s largest senior living operator to consider splitting into an operating company and a real estate ownership company, and Brookdale re-affirmed that it has no intention of doing so.  The Stamford, Connecticut-based real estate investment firm on Tuesday released yet another open letter to the shareholders of Brookdale […]

Urban Nonprofit Chicago Methodist Leverages JVs to Succeed in Tough Market

Chicago Methodist Senior Services (CMSS) knows a thing or two about forming partnerships that improve its operations and boost its local reputation. The senior housing and care nonprofit is based in the Chicago neighborhood of Andersonville, with five senior housing properties and an office in and around the area. As a smaller, multi-site organization, CMSS […]

Bain to Target Assisted Living, Memory Care in New $1.5B Fund

The senior housing portion of private investment firm Bain Capital’s new $1.5 billion, Harvard University-backed real estate fund will likely include new investments in assisted living, memory care and active adult developments with help from existing partner Capitol Seniors Housing. The fund, which recently surpassed its original billion-dollar goal, will focus on real estate classes […]

CCRC Executive Directors See Salaries Up Nearly 4% in 2019

Wages rose again for executive directors of continuing care retirement communities (CCRCs), and they weren’t the only ones who saw a pay bump in the past year. The national average salary for a CCRC executive director rose to $172,806 in 2019, an increase of 3.94% over the previous year’s average executive director salary of $166,252, […]

Nonprofit Senior Living Provider, Health System Team Up on New Developments

An Iowa senior housing and care nonprofit is joining forces with a local health system on the development of a new senior living entity, branded as WellSpire. Johnston, Iowa-based WesleyLife and Davenport, Iowa-based Genesis Health System are collaborating on the venture, starting with the creation of a new community in Bettendorf, Iowa. The $45 million […]

LCS Employee Research Nets Top Marks of Staff Retention

New research sheds light on some of the key reasons senior living employees stay in their jobs. And those who feel they make a difference; are positively recognized for their contributions; and trust their peers and supervisors may stick around longer than those who don’t. The research, conducted by senior living research firm Holleran Consulting […]

Movers & Shakers: The Springs Living Names Chief People Officer; Watercrest’s New Regional Operations Director

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. Visit SHN Jobs today. […]

Aegis Living Fuels Staffing Efforts With ‘Aegis U’ Launch

Aegis Living is hoping to beat the labor crunch and bolster an upcoming growth spurt with an effort aimed at developing a new crop of company leaders. The Bellevue, Washington-based senior living provider on Tuesday launched “Aegis U,” a nine-month education program that will include a mix of community-level and classroom education with a focus […]

In the Pipeline: Alliance Residential Plans Florida Project; Blake to Open Three Communities

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Multifamily Developer Alliance Announces Florida Community National multifamily developer Alliance Residential Company plans to develop a […]

Bain Capital’s New $1.5B Real Estate Fund May Target Senior Housing

Private investment firm Bain Capital has raised $1.5 billion for a new Harvard University-backed real estate fund that could include senior housing among its targeted property types. Harvard is one of the fund’s biggest backers, according to Bloomberg. The fund will focus on real estate classes such as senior housing, self-storage, life science and labs, […]