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 […]
Category: Finance & Development
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 […]
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, […]
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-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 […]
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.” […]
Transactions MedCore acquires two communities MedCore Partners announced it has completed the acquisition of two senior living communities in Detroit, Michigan. According to a press release, this acquisition will bring MedCore’s seniors housing portfolio to nine states and 22 assets with approximately 2,700 beds. The transaction was completed through a partnership with REDICO/American House, and […]
Occupancy and revenue gains pushed Brookdale Senior Living’s (NYSE: BKD) operating margins closer to pre-pandemic totals in the first quarter of this year, with CEO Cindy Baier noting the company is seeing its “highest reported adjusted margin rate since the initial impact of the pandemic.” The Brentwood, Tennessee-based senior living operator is building on the […]
National Health Investors (NYSE: NHI) is continuing to build on momentum gained through stronger results for its senior housing operating portfolio, with an eye toward more growth in 2024. Occupancy for the Murfreesboro, Tennessee-based real estate investment trust’s (REIT’s) 15-property SHOP segment has ticked up in recent quarters, ending March at an average rate of […]
Acquisitions National Church Residences acquires four communities National Church Residences announced it has acquired four communities in Ohio, further cementing its footprint in the state. According to a press release, all of the communities were purchased from Buckeye Management and are located in central and western Ohio. They consist of 206 apartment units. Following the […]
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