Leaders with Colony Capital (NYSE: CLNY) expect continued headwinds to affect the company’s senior housing portfolio but believe that conditions are improving for skilled nursing facilities. Meanwhile, the Los Angeles-based real estate investment trust (REIT) is continuing to restructure its health care portfolio, most recently converting a RIDEA arrangement to a triple-net lease. Overall, the […]
Category: Finance & Development
Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]
Brookdale Senior Living (NYSE: BKD) is carrying out its “winning locally” turnaround strategy by first sending its top brass to work at some of its communities. In June, 20 members of the Brentwood, Tennessee-based senior living provider’s senior leadership team prepared and served meals, cleaned rooms, participated in sales calls and worked overnight shifts at Brookdale […]
Independent living and assisted living providers today offer a host of ancillary services that can help residents maintain wellness and keep them out of hospitals and other high-cost health care settings. Having these capabilities should make senior living an attractive partner to Medicare Advantage and managed care organizations, but these relationships are still rare. These […]
Blueprint Arranges Sale of Assisted Living, Skilled Nursing Portfolio in Ohio Blueprint recently announced the first closing of a multistage portfolio sale comprising one assisted living community and two skilled nursing facilities in northeast Ohio. The seller was a regional owner-operator looking to transition out of day-to-day community management. Blueprint identified a regional operator to lease […]
The Medicare Advantage era is dawning in senior living. Due to policy changes implemented this year, these insurance plans appear poised to become a more important payer for senior living services. Under Medicare Advantage, federal dollars flow to private-sector insurance companies—including giants such as UnitedHealthcare (NYSE: UNH) and Humana (NYSE: HUM)—which offer benefits packages to […]
For years, modular construction has mostly eluded the senior housing industry—despite its perceived ability to deliver projects more quickly and at a lesser cost than traditional construction methods. Now, a manufacturing company with deep industry roots hopes to make modular construction in senior housing the norm. Chicago-based Skender recently announced plans to open a new […]
Watermark Retirement Communities, one of the largest senior housing operators in the United States, has a new equity partner to help drive growth in both U.S. and international markets. Keppel Corporation—a Singapore-based company known for building offshore oil rigs—is acquiring a 50% stake in Watermark for around $77.3 million. In addition to the company’s substantial […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Koelsch Communities to Open $70 Million Community in 2020 Koelsch Communities intends to break […]
Wednesday, August 15 1 P.M. to 2 P.M. Central Time Register Now With 2019 quickly approaching, what can you do to get ahead of the curve when planning for future capital expenditures? Join us for this complimentary webinar and learn about trends in capital planning for senior living owners, operators and developers. In this session […]
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