Ventas (NYSE: VTR) has repositioned its portfolio in recent years, with a focus on life science and medical office — and now, its senior housing assets are bearing the brunt of negative effects from Covid-19. But, unlike one of its real estate investment trust (REIT) peers, Ventas’ leaders are committed to senior living going forward. […]
Leaders with Brookdale Senior Living (NYSE: BKD) are touting recent moves to improve operational and financial footing, and are keeping a long-term focus as the company’s occupancy rate has continued to slump amid ongoing Covid-19 pressure. The Brentwood, Tennessee-based company is the largest senior living operator in the nation, with about 726 communities. Brookdale is […]
A regional health system is forging ahead with plans for a senior living community, and it’s bringing along an experienced operator as its primary partner. Tanner Health System, a nonprofit that includes five hospitals servicing west Georgia and east Alabama, has joined forces with Beacon Communities on a new community in Villa Rica, Georgia, called […]
Healthpeak Properties (NYSE: PEAK) is looking to mostly sell off its triple-net and senior housing operating portfolios and rebalance in favor of CCRCs, life science and medical office buildings — and Covid-19 is a big reason why. The real estate investment trust (REIT) announced Monday it is in the process of offloading up to $4 […]
Healthpeak Properties (NYSE: PEAK) is in the process of trimming up to $4 billion worth of assets from its senior housing operating portfolio (SHOP) and triple-net senior housing segments. The real estate investment trust (REIT) also has moved its headquarters to Denver. The company on Monday announced it has about $1.5 billion worth of assets […]
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. Construction: Planned Cadence, Flournoy Start Work on Seattle Community Cadence Living and Flournoy Development Group have broken ground on Cadence at Kent-Meridian, a 128-unit senior living […]
Covid-19 presents a sizable challenge for the senior living industry, but two major players in real estate development also foresee multiple avenues for growth ahead. In particular, Hines and McCaffery are leveraging their scale and experience in other types of real estate as they expand in senior housing and bring new communities to some of […]
Alliance Residential is slowly but surely executing on its more than $1 billion senior housing pipeline — and while Covid-19 isn’t halting its plans, the pandemic is informing how the company moves forward. The Phoenix-based company is among the largest multifamily managers and developers in the U.S., with a $20 billion portfolio spread across 36 […]
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Operators of standalone independent living communities, blended independent living/assisted living communities and continuing care retirement communities (CCRCs) are eligible to receive Covid-19 vaccines under the new distribution initiative between the U.S. government and major retailers Walgreens (Nasdaq: WBA) and CVS Health (NYSE: CVS). Under the government’s plan — which is called the Pharmacy Partnership for […]
