Welltower Sees 3 Weeks of Senior Housing Occupancy Gains, Expects To Hit Top End of FFO Guidance

Welltower (NYSE: WELL) has seen three consecutive weeks of occupancy gains in its U.S. and U.K. senior housing operating (SHO) portfolios, and is expecting to achieve the top end of its guidance range for Q1 2021 normalized funds from operations (FFO). The news reflects positive momentum for a large swath of senior living communities, given […]

Locust Point Capital Closes $428M Senior Housing Debt Fund

Locust Point Capital is preparing for a post-pandemic lending landscape. The Red Bank, New Jersey-based senior living investor and lender announced the closing of its second senior housing debt fund on Monday with $428 million. The fund exceeded its target and includes commitments from pension funds, endowments, foundations, insurance companies and wealth advisors. Nearly 75% […]

Transactions & Financings: Welltower Closes $750M Note Offering; Boston Financial’s $173M LIHTC Fund

Welltower (NYSE: WELL) is improving its liquidity debt maturities situations. The Toledo, Ohio-based health care real estate investment trust closed a $750 million offering of 2.8% senior unsecured notes, due in June 2031. Welltower will use the net proceeds to redeem $340 million of outstanding 3.75% senior notes due March 2023, and $335 million of […]

NHI CEO: ‘Odd’ Deals Dominate Market, CCRCs’ Unexpected Performance To Be Discussed For Years

With senior living occupancy lower than he’s ever seen it due to Covid-19, National Health Investors (NYSE: NHI) President and CEO Eric Mendelsohn has had to become a more empathetic leader — while still safeguarding NHI’s business and securing its future But Mendelsohn is feeling more optimistic than he was during the last earnings call […]

New SBA Provisions Propel Increased Acquisition, Financing Activity In Assisted Living

As pandemic-related financial distress hit the senior living industry last year, smaller providers were particularly vulnerable. But some smaller assisted living owners and operators managed to weather 2020, and now are taking advantage of market dislocation and new provisions in Small Business Administration (SBA) lending to expand and refinance. “We started to see a lot […]

Enlivant Reaches Crossroads With New CEO, Ownership Uncertainty

Enlivant — the 11th-largest U.S. senior living provider in 2020 — is at a crossroads, with new CEO Dan Guill officially taking the reins this week, while questions about the company’s future ownership remain to be settled. With the CEO change, the story is largely one of continuity. Guill has been with the company since […]

Small-Home Senior Living by the Numbers: Inside Look at 3 Rising Models

The small-home senior living movement is in full swing, with the Covid-19 pandemic leading to a surge of interest. But, there is no single version of small-home senior living. And, although the pandemic appears to have shown how small homes can shine, there are questions about associated costs and margins with different approaches.   With regard […]

English Meadows CEO: Financials of Senior Living Have Changed, Operators Hold More Power Than In Past

With an ambitious 10-year plan and plentiful expansion opportunities arising, senior living provider English Meadows recently hired a CFO who brings unusual experience to the industry, having previously worked for the Central Intelligence Agency (CIA). As for how English Meadows scored such a hire, the answer is simple: He is the brother of CEO and […]

Real Estate Firm Beztak Plans Robust Senior Living Pipeline, Hires Former Tapestry CEO Kohler

Though senior living represents a small portion of Beztak Properties’ overall property holdings, which includes 35,000 market-rate apartment homes, it is a growing focus for the vertically integrated real estate firm. The Farmington Hills, Michigan-based company has eight senior living communities in operation throughout Michigan, Florida and Arizona. That includes All Seasons Ann Arbor, an […]