LTC Properties (NYSE: LTC) says it’s well-prepared to weather industry headwinds, especially now that occupancy is on the upswing with one of its previously embattled tenants. That operator, Anthem Memory Care, has made good progress so far this year, LTC Chairman, President and CEO Wendy Simpson said during Thursday’s first-quarter 2018 earnings call. Anthem makes up […]
Category: Finance & Development
Phoenix Senior Living is planning to expand its footprint in the Southeastern United States with the help of its new joint venture partner Connexion Development. The Roswell, Georgia-based provider also is the first RIDEA partner for ReNew REIT—the real estate investment trust recently founded by senior living veteran George Chapman. On Wednesday, Phoenix announced a […]
Caring Holdings, LLC Acquires Caring.com Senior care referral service Caring.com has been acquired by Caring Holdings, LLC, a group of investors with experience and expertise in digital customer acquisition. Bankrate, which had owned Caring.com, agreed to part ways with the senior living referral service in November 2017 in order to be acquired by Red Ventures. […]
Brookdale Senior Living (NYSE: BKD) may only be in the “first inning” of its turnaround—but the company’s leadership is making progress on improving operations, and investors appear to like what they see. The Brentwood, Tennessee-based senior housing provider reported its first-quarter 2018 financial results on Monday after market close. Overall, the company posted a $457.2 million […]
National Health Investors (NYSE: NHI) grew its holdings with Bickford Senior Living and reported further improvement at one of its previously troubled senior housing tenants, executives said during an earnings call Tuesday. The Murfreesboro, Tennessee-based real estate investment trust (REIT) posted normalized funds from operations (FFO) per diluted common share of $1.35 for the first quarter of 2018, […]
Senior housing development is an inherently risky business. To minimize this risk—and avoid going over budget—it’s crucial for developers to have a variety of stakeholders at the table from the beginning. The senior housing industry already employs a much more collaborative approach to development than the public sector, Dana Wollschlager, principal at Plante Moran Living […]
About two months after Brookdale Senior Living Inc. (NYSE: BKD) ended a strategic review and named a new CEO, the nation’s largest senior housing provider has posted a $457.2 million net loss for the first quarter of 2018. Impairment charges related to its ongoing portfolio repositioning contributed $351.7 million to that loss, in the form […]
It’s no secret that many developers without senior living experience have entered the sector in recent years, seeing that demographics are set to drive demand. Established operators have anticipated that some of these projects will sputter out of the gate, presenting acquisition opportunities—and that is already coming to pass, faster than some expected. That was one of the […]
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: In progress $150 Million Senior Living Community Coming Together Near Denver Cappella Living Solutions will […]
Capital Senior Living’s (NYSE: CSU) share price tumbled more than 18% Wednesday, after the provider posted an occupancy decline in the first quarter of the year. On Tuesday evening, Capital Senior Living announced its Q1 earnings, prompting market-watchers with brokerage and investment firm Stifel to downgrade the stock’s rating from hold to sell. Specifically, the analysts thought CSU’s first-quarter earnings cast doubt […]
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