More senior housing owners plan to sell assets in 2021 compared to recent years, which is likely an indication of the steep toll that Covid-19 has taken on the industry. And as smaller players head for the exits, regional operators are expected to step up as buyers. About 600 subscribers responded to Senior Housing News’ […]
Category: Finance & Development
Related Cos. and Atria Senior Living have been tight-lipped about plans for their $3 billion development pipeline, so I was excited when NY YIMBY recently published renderings of the project underway in New York City. Interested in this report? Sign Up for SHN+ Senior Housing News+, a premium membership that provides you with access to […]
TThe demand by seniors to not be called “seniors” is not one of vanity. It is one of realism. With life expectancy rising and health levels improving, the traditional notion of a “senior” is no longer relevant. Seniors know that, and their lifestyle demands reflect that understanding. Interested in this report? Sign Up for SHN+ […]
Blueprint Healthcare Real Estate Advisors is launching a capital markets practice, the Chicago-based senior housing and health care real estate brokerage announced on Wednesday – a move intended to expand the firm’s business solutions for clients and capitalize on a capital markets landscape still bifurcated by Covid-19. Leading the practice will be Alex Florea, who […]
Quality Senior Living (QSL) is charting a busy period of growth for its “Blake by QSL” brand, with a plan to open several communities in the coming weeks and months. The senior living company in December opened a new community in Harahan, Louisiana, and it’s nearing opening dates for others in Biloxi, Mississippi; and in […]
Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, TennesseeRose Senior Living and Rose Villas, Avon, OhioRose Senior Living, Beachwood, OhioRose […]
After two decades of leading Capital Senior Living (NYSE: CSU), Larry Cohen left the company in 2018 — and spent the next two years preparing for his next venture in the industry. “I left Capital always intending to come back,” Cohen told Senior Housing News. But first, he took the opportunity to again become a […]
Capital Senior Living (NYSE: CSU) has completed the previously announced exit from its triple-net leases and is now entering the growth stage of its turnaround effort, with a new management services business as one platform for expansion. The Dallas-based provider had transitioned 23 formerly leased communities to other operators as of Dec. 31, 2020, according […]
Sales and operator transitions Livingston Street Capital affiliate acquires Maryland active adult community An affiliate of Livingston Street Capital has acquired Alta at Regency Crest, a 150-unit, 55-plus active adult community in Ellicott City, Maryland. This is Livingston Street’s fourth recent active adult acquisition. Previously, the firm purchased two communities in Utica and Albany, New […]
Among the many lessons that Covid-19 drove home in 2020: No one can predict what the future holds. But as the senior living industry battles the latest wave of infections and starts to beat back the pandemic through vaccination, it’s also more important than ever to look ahead and try to identify what trends will […]