With the senior living industry largely focused on when occupancy will start to recover, chief operating officers with provider companies are focused on rebuilding census — and feeling optimistic about the prospects for 2021. In fact, several COOs indicated that they are less worried about restoring occupancy than they are about looming workforce challenges. With […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. Construction: Planned United Properties Plans Senior Cooperative Project Near Denver United Properties is planning to open a senior cooperative community […]
Welltower (NYSE:WELL) announced Tuesday it has substantially exited its operating relationship with nursing home giant Genesis HealthCare (NYSE: GEN), with joint-venture health system partner ProMedica picking up some of the operator’s buildings. In a separate transaction, Toledo, Ohio-based Welltower is divesting 25 properties that it acquired through its 2018 JV with ProMedica. The series of […]
The Covid-19 pandemic took a deleterious toll on the senior living industry last year — and average senior housing values dropped as some owners looked to divest. The average price per unit for senior housing communities, which includes assisted living and independent living properties, fell to $196,200 per unit in 2020, representing a 20% decrease […]
Peachtree Hills Place doesn’t just resemble a high-end, exclusive club — it also includes one. Located on the campus of a continuing care retirement community (CCRC) in the Atlanta neighborhood of Buckhead, Peachtree Hills Place caters to older adults who want to downsize and desire the security of senior housing, but still want to own […]
Brookdale Senior Living (NYSE: BKD) residents are getting their Covid-19 vaccines in droves — and the company’s leaders are hopeful that will push occupancy trends positive in 2021. Brookdale’s executives also are touting potential senior living-related benefits of the company’s just-announced deal to sell an 80% stake in its home health, hospice and outpatient therapy […]
Brookdale Senior Living (NYSE: BKD) has agreed to sell a majority stake in its home health, hospice and outpatient therapy service line. The Brentwood, Tennessee-based operator on Wednesday announced it entered into a partnership to sell an 80% stake in Brookdale Health Care Services (BHS) to Nashville-based health system HCA Healthcare for $400 million. Brookdale […]
The Covid-19 pandemic has led to financial distress across the senior living industry as occupancy has fallen to historic lows — but for one new operator, that is an opportunity. The newly launched company, Alta Senior Living, is planning to build out its portfolio first by acquiring communities at a good price due to the […]
The Covid-19 pandemic continues to take a toll on the senior living industry, but for some active adult providers, the impact has been less severe — and they are hoping that translates into a surge of demand once case counts dwindle. The resiliency of active adult, in terms of move-in velocity and sales leads, complicates […]
The fourth quarter of 2020 brought more disruptions for National Health Investors’ (NYSE: NHI) senior housing tenants, but the company’s leaders are cautiously optimistic that better months are ahead. Recent positive trends in sales leads and vaccination rates, coupled with the prospect of more federal support for senior living providers this year, have given the […]
