Memory care operator Silverado has named a new top leader, with a leadership transition planned down the road. The Irvine, California-based company on Thursday announced that Wayne Sanner is joining the company on April 28 as “CEO designate.” In his new role, Sanner will work alongside Shook as he “transitions into the next phase of […]
Watermark Retirement Communities founders David Freshwater and David Barnes are passing the leadership baton. The Tucson, Arizona-based senior living operator on Monday announced it named Paul Boethel as its new CEO. As CEO of Watermark, Boethel will initially focus on “performance-driven growth,” the operator noted. In conjunction with the leadership change, Keppel on March 19 […]
This story is part of your SHN+ subscription. Many senior living operators had hoped that a new Congress and president in 2025 would mean a more favorable business and regulatory environment. But the headlines this week tell a very different story. Global markets plunged on the news of the Trump Administration’s tariff policy; the S&P […]
Lush gardens, intimate villas, passive cooling design, walking paths, fountains, multiple restaurants – these aren’t features of an upscale resort, but of a senior living community in Arizona. Those features are part of a newly added independent living neighborhood dubbed “Inspirata Pointe” at Royal Oaks, a continuing care retirement community (CCRC) in Sun City, Arizona. […]
This article is part of your SHN+ subscription Last month, I heard something unusual on Welltower’s (NYSE: WELL) Q4 2024 earnings call: CEO Shankh Mitra referring to “underpants gnomes.” The reference came up as he was describing the “fundamental misunderstanding” that senior living developers seem to have when talking about opportunities ahead. He compared their […]
Earlier this month, Foundry Commercial announced a new deal to merge senior living providers Spring Arbor and Allegro into a new operator called Allegro Living. Now comes the fun part, according to Doug Schiffer, who will lead the newly combined operator as president and CEO. In the coming year, both companies will combine their operations […]
This article is part of your SHN+ subscription In 2025, the baby boomer generation is standing at the industry’s doorstep. Trustwell Living CEO and senior living industry pioneer Larry Cohen has prepared for this moment for decades. Cohen, who is the former CEO of Capital Senior Living – the operator now known as Sonida Senior […]
A subsidiary of CareTrust REIT (NYSE: CTRE) is acquiring UK-based Care REIT plc and its 137 care homes in the United Kingdom in a deal representing about $817 million. Care REIT has a portfolio of 137 care homes totaling about 7,500 beds in England, Scotland and Northern Ireland managed by 15 operators. Under the deal, […]
On Sunday, Welltower (NYSE: WELL) announced it is acquiring a portfolio of communities managed by Amica Senior Lifestyles in Canada for a deal equivalent to almost $3.2 billion USD. Welltower is with the deal gaining 38 “ultra luxury” communities and nine development parcels along with a minority ownership interest in its new operating partner. But […]
Welltower (NYSE: WELL) is acquiring a 38-community senior living portfolio managed by Amica Senior Lifestyles in Canada in a deal valued at $4.6 billion CAD. The Toledo, Ohio-based real estate investment trust (REIT) noted in an announcement Sunday it is buying the 38-community “ultra-luxury” portfolio along with nine entitled development parcels from the Ontario Teachers’ […]
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