Buoyed by solid quarterly earnings, executives with Welltower (NYSE: WELL) on Thursday touted that the company’s ambitious strategy is paying off. With regard to senior housing, CEO Tom DeRosa indicated that the industry at large is still working from an old playbook that will not produce satisfactory results in future years, and Welltower is writing […]
Real estate investment trust Welltower (NYSE: WELL) has reached a definitive agreement to sell a senior housing portfolio for more than $740 million. The Toledo, Ohio-based company announced the transaction in its Q4 and full-year 2019 earnings release on Wednesday, but did not disclose which operating company is involved. Welltower declined to provide further details […]
Healthpeak Properties (NYSE: PEAK) may have changed its name in the third quarter of 2019, but the revamping of its senior housing portfolio that began when it was known as HCP is still a work in progress — one that President and CIO Scott Brinker compared to surgery Wednesday during the company’s fourth quarter and […]
Private equity investment in senior housing has gained momentum over the last several years and could reach new heights in 2020 — which might spell trouble for the industry down the road. Specifically, some private equity funds may be coming to the space for the first time with unrealistic expectations, which could result in a […]
When it comes to senior living communities, bigger is sometimes better. But as senior care innovator Dr. Bill Thomas remarked last year, the so-called “big box” model of senior living is no longer the only option for residents. Architects, capital providers, operators and entrepreneurs are exploring new concepts for smaller, more intimate styles of senior […]
Assisted living has rebounded as a favorable product type with senior housing investors, and has even overtaken active adult communities as demand for assisted living grows and new construction begins to slow. Assisted living surpassed memory care and active adult as an investment focus and trails only independent living as the most popular senior housing […]
A regional senior living player has plans to grow its presence on the West Coast. La Jolla, California-based Westmont Living is planning to open half a dozen communities over the next three years — and it’s staffing the company accordingly. Earlier in January, the company announced it had appointed a new vice president of human […]
A little over 20 years ago, Bill Kaplan had a fateful meeting with Chicago Mayor Richard Daley. At the time, Kaplan was an entrepreneur of growing stature in the Windy City. The company he had co-founded, Senior Lifestyle Corp., had a small but growing portfolio of private-pay senior living communities. Seeing that success, Mayor Daley […]
Genacross Lutheran Services, Benedictine affiliation planned Toledo, Ohio-based Genacross Lutheran Services signed a letter of intent to join Benedictine Health System, a Duluth, Minnesota-based senior care provider. The 160-year-old Genacross provides post-acute care, senior housing, and family and youth services across northwest Ohio and southeast Michigan. Benedictine provides services across a continuum of care including […]
Senior housing development costs are on the rise — and higher labor expenses and robust demand for new construction projects are at least partly to blame. That’s according to a new “2020 Seniors Housing Development Costs” report from commercial real estate services firm CBRE (NYSE: CBG). The report is based on the more than 2,000 […]