Five Star Aims for Diversification of Service Lines, Owner Partners After Repositioning

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 […]

Brookdale Extends LTC Properties Lease Through Year-End

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 […]

Inside the $3B Growth Plan and Rebrand of Erickson Senior Living

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 […]

Harrison Street, Fitwel Put Senior Housing on Leading Edge of Healthy Building Movement

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 […]