Senior Housing Occupancy Ticks Up From Record Low Levels

After a period of historical lows, senior housing occupancy rose on a nationwide basis in the third quarter. Average senior housing occupancy increased to 88%, up 30 basis points from the previous quarter’s 87.7% rate, according to new data from the National Investment Center for Seniors Housing & Care (NIC). But as is always the […]

Movers & Shakers: First CEO for National Senior Campuses; Watercrest Hires Sales Specialist

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 […]

Activist Brookdale Investor Withdraws Flaherty Board Nomination

The ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings is on hold — at least for now. Land & Buildings Investment Management on Tuesday withdrew its nomination to add Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), to Brookdale’s board of directors. The […]

How Benchmark Rebounded After Losing Its ‘Mojo’

Not long ago, Benchmark was struggling. Although it had built a reputation as a leading senior living operator, the Waltham, Massachusetts-based company was staring down new competition and declining business results. Benchmark’s occupancy had fallen to below 88% in 2017, a departure from the 93% occupancy rate the company had grown accustomed to over the […]

From Club Med to Senior Living: Agemark CEO Has Deep Hospitality Roots

Many senior living executives today have hospitality backgrounds, but few can say they worked with the original owners of Club Med — except for Agemark CEO Richard Westin. Westin joined the legendary resort company in 1962 after meeting co-owners Gilbert Trigano and Gerard Blitz the previous year. In fact, he was the very first American […]

Brookdale Issues Most Heated Argument Yet Against Board Nominee Flaherty

The gloves have come off in an ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings. Brookdale on Thursday ratcheted up the intensity of its arguments against board nominee Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), who was put forward by activist shareholder […]

Recently Formed REIT Targets Blend of Student, Senior Housing

Strategic Student & Senior Housing Trust (SSSHT) is forging ahead to build a portfolio of senior housing and student housing properties, seeing synergies between the two and the potential for co-locating them. SSSHT is a public non-traded REIT sponsored by SmartStop Asset Management, a Ladera Ranch, California-based diversified real estate company focused on self-storage properties. […]

Brookdale Acquires 18-Property HCP Portfolio for $405M, Exits Joint Venture

Brookdale Senior Living (NYSE: BKD) has inked several new transactions with HCP (NYSE: HCP) that both companies say better position them for the future. The multiple transactions will see Brookdale assume ownership of an 18-property leased portfolio for $405 million, step away from a joint venture and reconfigure lease obligations, the companies announced Tuesday. The […]

In the Pipeline: Phoenix Plans Georgia Project; Cadence, Ryan Cos. Open Arizona Community

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 Phoenix, Flournoy Team Up for Georgia Project Phoenix Senior Living has announced a […]