Transactions and Financings: Sinceri Expands to Seven Locations; Liberty Adds Community to Portfolio

Management Charter Senior Living now managing 13 Illinois, Wisconsin communities Charter Senior Living announced it is now the management company for 13 senior living communities in Illinois and Wisconsin. According to a press release, the communities were previously managed by Cedarhurst. The announcement follows recent growth from Charter Senior Living, including two gorundbreakings in West […]

Ventas Sees ‘Exceptional’ Opportunities for More Growth in 2024

Ventas (NYSE: VTR) has a runway for growth in North America and the U.K. – but opportunities to expand in the U.S. are “exceptional right now,” according to CEO Debra Cafaro. “This is one the first times in my career where I’ve seen high going-in cash yields on quality assets in good markets that also […]

Transactions and Financings: 12 Oaks Partners with August Health; Berkadia Sells Two Communities

Partnerships 12 Oaks partners with August Health 12 Oaks Senior Living announced a strategic partnership with August Health to enhance its care and compliance capabilities. According to a press release, the initiative will leverage advanced health data analytics and integrated care platforms to deliver personalized care to residents and provide a focus on value based […]

Senior Living Loans Remain Challenged, Lenders Adjusting Strategies

Lending for new senior living projects remained muted in the fourth quarter of 2023 as broader macroeconomic factors continued to dictate lending activity. Permanent financing for senior housing and nursing care has “remained inconsistent” across various lending categories, reflecting lingering challenges, including stricter lending standards, wider bid-ask spreads, and lower loan proceeds. Despite those challenges, […]

Transactions and Financings: LCB’s New Community; Rendever, Leisure Care Expands Partnership 

Management LCB Senior Living assumes management of New Jersey community LCB Senior Living announced it has assumed management of Mattison Crossing at Manalapan Avenue in Freehold, New Jersey on May 21. According to a press release, the community contains 160 residential apartments and offers assisted living and memory care services. LCB Senior Living owns and/or […]

Healthcare Distress At Historic Highs as Senior Living Industry Challenges Continue

Healthcare-related Chapter 11 bankruptcy filings are still high in 2024, with the senior living industry showing “intense stress.” According to the latest Polsinelli-TrBK Distress Indices Report, distress in the healthcare sector is 813% higher than in 2010, representing the fourth consecutive quarter the report’s researchers have noted historic levels of distress. The annual report uses […]

American Healthcare REIT CEO: Trilogy, SHOP Segment Are Top Expansion Opportunities

Senior housing remains an important part of American Healthcare REIT’s (NYSE: AHR) overall opportunities to grow, according to the company’s management. On a call with investors and analysts Tuesday, CEO Danny Prosky noted that the company’s current best risk-adjusted returns are “within Trilogy [Senior Living], both exercising the purchase option and growing the existing portfolio.” […]