Invesque Expands Senior Living Portfolio with $340M Commonwealth Acquisition

Invesque Inc. (TSX: IVQ.U), the Toronto-based real estate investment company formerly known as Mainstreet Health Investments, Inc. announced an agreement Wednesday to acquire Charlottesville, Virginia-based senior housing owner and operator Commonwealth Senior Living and 20 of its properties for $340.4 million. Invesque also has an exclusive right of first offer for three other Commonwealth assets […]

Tapping into the Middle Market Requires Mix of New and Old Ideas

If the senior living industry wants to tap into the sizable middle market consumer demographic over the next decade, it’s going to take some truly unique operating models and financing structures — including some that haven’t been thought of yet. Possible solutions include developing communities with shared rooms and fewer high-end amenities, embracing efficiencies to […]

Buckner Partners With Wellness Pioneer, SMU, Noted Chef for $140M Highrise

Buckner Senior Living is opening a $140 million continuing care retirement community (CCRC) in North Dallas with plenty of partnerships meant to attract the next generation of older adults. The 325-unit highrise community, Ventana by Buckner, will offer programming from esteemed wellness organization Cooper Aerobics, five dining venues conceptualized by celebrated chef and restaurateur Stephan […]

Atria CEO Moore Anticipates 5-Brand Portfolio Within a Year

As the partnership between Atria Senior Living and real estate developer Related Cos. continues to take shape, Atria CEO John Moore remains committed to the multi-brand portfolio approach — and he says an expansion is on the way this year. Currently, Atria operates communities under three brands, and Moore believes the company will reach five […]

Senior Living Providers Add Chief People Officers as Workforce Challenges Mount

With unemployment rates dipping below 3% in states across the country, senior living workforce challenges are only becoming more acute. And like other industries, senior living providers see labor as an issue requiring dedicated C-suite leaders and are appointing chief people officers. Recently appointed chief people officers, such as Misti Powell at Civitas Senior Living […]

Wolff’s Leondakis Applies Kimpton, Equinox Lessons to Senior Living

Niki Leondakis is looking for ways to leverage her extensive experience in hospitality to fuel the growth in Wolff’s Revel brand, and improve the overall resident experience. A former president and chief operating officer of boutique hotel pioneer Kimpton Hotels, she is also a former CEO of Equinox Fitness Clubs and CEO of Two Roads […]

Belmont Village CEO: Influx of Residential Developers Raises the Bar for Senior Living

In recent years, a growing number of residential real estate developers have trained their sights on senior living and launched project pipelines. This trend will continue, and well-established senior living players must up their game in response, according to Belmont Village CEO Patricia Will. In particular, she believes too many senior living communities have poorly […]