Free From Assisted Living Woes, New Senior Charts Path Forward

Now unburdened by a troubled assisted living portfolio, executives with New Senior Investment Group (NYSE: SNR) believe that the company is on better footing. New Senior is currently focused on managing its operator concentration, strengthening its balance sheet and growing. The company believes that its independent living portfolio is well-positioned to serve the private-pay middle […]

Eclipse CEO: 2020 a Reset Year for Senior Living Industry

With millions of baby boomers reaching retirement age, an evolving landscape for pricing, a red-hot labor market and the looming potential for multiple avenues of disruption, it’s clear the senior living industry faces a new chapter. All of those forces will shape the industry for years to come, requiring that investors, owners and operators be […]

Welltower CEO: We Aim To Mimic High-End Senior Living at $1,000 Price Point

Real estate investment trust Welltower (NYSE: WELL) made headlines last week with the official introduction of its new middle-market brand, welltowerLIVING. On Monday, Welltower CEO Tom DeRosa provided additional insight into how the plans for welltowerLIVING fit into a larger strategy to create senior living options for the vast cohort of aging middle-income baby boomers. […]

PGIM Senior Housing Fund Raises Nearly $1 Billion

PGIM Real Estate exceeded the fundraising target for its latest senior housing fund, securing almost $1 billion. The Madison, New Jersey-based real estate investment announced on Monday it closed its capital raise for its Senior Housing Partners Fund VI with $996 million in commitments. This is the largest raise to date in the fund series […]

With New Operators in Tow, LTC to ‘Dig Deep’ to Find Deals

With some of its more troubled senior housing tenants on better footing now than in the past, LTC Properties (NYSE: LTC) plans to spend 2020 looking for new opportunities — but current market conditions are all but certain to complicate that goal. The challenge is that, in many markets throughout the U.S., pricing for new […]

Transactions & Financings: Related Cos. JV Lands $276M; New Senior Completes $385M Portfolio Sale

New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]

Commonwealth Sees Expansion Opportunities in ‘At Least Half’ of Its New Communities

Commonwealth Senior Living is growing with the goal of enhancing the value of its senior housing portfolio — and that could mean expanding some of the 10 new communities it brought on board last year. The Charlottesville, Virginia-based senior housing operator expects to add three to five communities annually over the next five years. Last […]

Welltower CEO: Future of Senior Housing is Not What Exists Today

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 […]