The positive trends that emerged across Ventas’ (NYSE: VTR) senior housing operating portfolio (SHOP) in the fourth quarter of 2020 accelerated late in the first quarter of 2021 — and continued in April. Leads and move-ins reached 2019 levels in March. Move-ins during March and April reached levels not seen since mid-2019, and occupancy gains […]
Five Star Senior Living (Nasdaq: FVE) is making progress on its recently announced repositioning effort, and intends to “evolve” and “diversify” as part of a three-pronged strategy, CEO Katie Potter said Thursday. That diversification could involve managing communities for a wider range of ownership groups, as well as broadening the scope of business beyond senior […]
With Covid-19 vaccinations steadily increasing and leads and move-ins returning, it seems the senior living industry is approaching the light at the end of its pandemic tunnel. But that doesn’t mean senior living providers can rest on their laurels and watch move-ins flow in on their own. With much of the industry in lease-up after […]
Private equity firm TPG wanted to come to a resolution with Sabra Health Care REIT (Nasdaq: SBRA) on its Enlivant joint venture by the end of 2021. Ongoing operational pressures stemming from Covid-19 have forced TPG to reconsider that time table, and now the two sides have agreed to push back any resolution to the […]
Brookdale Senior Living (NYSE: BKD) opted to extend its lease with real estate investment trust LTC Properties (NYSE: LTC) through Dec. 31, 2021. Brookdale holds an option to extend the lease through April 30, 2022. Rent terms under the master lease did not change. Westlake, California-based LTC also extended a $4 million capital commitment to […]
Discovery Senior Living is pushing to reach pre-pandemic occupancy levels by the end of Q2 2021, and Co-Founder and CEO Richard Hutchinson is optimistic after strong months for sales leads. “The beginning of this year certainly didn’t help … January, February was a little tough, but March exploded, April exploded, and I think we’re on […]
Covid-19 has been a period of innovation for senior living in many ways, notably the embrace of telehealth and technology platforms, and finding creative ways to market and sell communities to prospective residents. Atria Senior Living adapted in these realms and others — “relearning PR,” for example — and CEO John Moore believes that the […]
The company formerly known as Erickson Living has a new name and a new five-year plan to expand and upgrade its portfolio of continuing care retirement communities (CCRCs). The Catonsville, Maryland-based CCRC developer, owner and operator —- now officially called Erickson Senior Living — has committed about $3 billion in self-funding for the construction of […]
The Covid-19 pandemic raised the stakes for senior housing design, making it more important than ever for these buildings to promote the health and wellness of residents, staff and visitors. Private equity firm Harrison Street is seeking to be in the vanguard of healthy senior housing buildings, through a partnership with the Center for Active […]
When the pandemic hit last year and communities across the country closed their doors to the outside world, one common practice went by the wayside: multi-site staffing. In the pre-Covid days, it was common for senior living workers to move from one community to another, either within the same company or for different companies, sometimes […]