Ventas (NYSE: VTR) is pitching for sale a portfolio of eight Atria Senior Living communities in six states, at a value of about $400 million. That’s according to real estate publication Real Estate Alert, which cited recent marketing materials in its reporting. Ventas confirmed to Senior Housing News that the communities are being marketed for […]
Just a stone’s throw away from downtown Lititz, Pennsylvania, lies a compact independent living campus. But, one might not realize it at first glance. That’s because the campus —- an offshoot of local senior housing nonprofit Moravian Manor called Warwick Woodlands — was designed with the same small-town feel as the surrounding area. Its design […]
LCS and National Health Investors (NYSE:NHI) have joined forces to buy a continuing care retirement community (CCRC) in Washington. The Des Moines, Iowa-based senior living company and the Murfreesboro, Tennessee-based real estate investment trust (REIT) on Tuesday agreed to form a new joint venture to own and operate Timber Ridge at Talus, a “Type A,” […]
Asbury Communities has welcomed a new partner into the fold — and, in the process, it’s made strides toward diversifying the services it offers. The Frederick, Maryland-based senior housing and care nonprofit on Monday announced an affiliation with Albright Care Services, an organization that operates two continuing care retirement communities (CCRCs) servicing a total of […]
Heading into 2020, many senior living providers are focused on making investments to upgrade the resident experience, to stand out in a competitive landscape and appeal to future consumers. For Kim Lody, CEO of Capital Senior Living (NYSE: CSU), one potential area of change relates to resident choices. The baby boomers will bring with them […]
Though the year is new, the top issues worrying the industry’s leaders are not — particularly the workforce crisis. Staffing is still top-of-mind for executives at companies such as Brookdale Senior Living (NYSE: BKD), National Health Investors (NYSE: NHI) and Senior Star. Labor expenses are climbing for many senior living companies across the U.S., and […]
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 and the annual SHN Awards Competition. Construction: Planned Pegasus Community in Mississippi Set for Facelift Ridgeland Place, a Pegasus Senior Living-managed […]
A high-profile continuing care retirement community (CCRC) in Chicago that rebounded after financial and operational difficulties years ago has been sold for a reported $105 million. Des Moines, Iowa-based senior living company LCS and Harrison, New York-based Senior Care Development have bought private-equity firm Fundamental Advisors’ 75% stake in the 334-unit community in Chicago’s Gold […]
Senior Housing Properties Trust (Nasdaq: SNH) sold nearly $208 million worth of assets, changed its name and made its first active adult acquisition in the tail end of 2019. The Newton, Massachusetts-based real estate investment trust (REIT) announced Monday it had completed $207.8 million in property sales during the fourth quarter of 2019. The sales […]
With a refreshed brand, a new name and a new CEO, Morrison Living is shooting for innovation. The Atlanta-based hospitality services company — which is part of the Compass Group — plans to do that in part by implementing food trucks and robot bussers in some of the more than 400 U.S. senior living communities […]