A majority of senior living professionals believe that the Covid-19 pandemic will result in permanently higher operating expenses. That’s according to the 2020 Seniors Housing Investor Sentiment Survey from National Real Estate Investor and the National Center for Seniors Housing & Care (NIC). This year’s survey garnered responses from 167 participants from a range of […]
Category: Management
Grace Management is preparing for an active year ahead, as its President Guy Geller believes that proven operators will have opportunities despite ongoing operational and financial pressures from the Covid-19 pandemic. The company — a wholly owned subsidiary of CPF Living Communities — anticipates closing on a new acquisition this month, with more expected opportunities […]
The Covid-19 pandemic has renewed a longstanding debate about whether lifestyle-driven hospitality services or health care should be prioritized in future senior living operational models. Kim Lody, CEO of Capital Senior Living (NYSE: CSU), believes that the debate may not have a cut-and-dried answer, but the pandemic shows that providers must clear up confusion on […]
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be periodically updating this bulletin to keep you apprised of developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and your […]
Balfour Senior Living has hired Trip Riggs as its first-ever CFO. Riggs joins the Louisville, Colorado-based senior living provider from Vail Resorts Hospitality and Vail Resorts Real Estate, where he worked as divisional CFO. His prior experience also includes working in operations, hotel ownership and development, and public accounting. In taking on his new role, […]
Senior living providers have spent the past six months honing their infection control plans — and for Pegasus Senior Living co-founder Chris Hollister, there’s no substitute for focusing on the fundamentals. “You can get into all these complicated rules and shut everything down, but we have to figure out a way as a society, as […]
As wildfires burned millions of acres on the West Coast, senior living providers in the region grappled with another problem in addition to the pandemic: thick smoke and poor air quality. Last week, countless people along the West Coast woke up to “apocalyptic” orange and red skies as historic wildfires burned millions of acres of […]
March 17 was the day everything changed for Brookdale Senior Living (NYSE: BKD). In the months leading up to that day, President and CEO Cindy Baier had watched the novel coronavirus from afar as outbreaks spiked outside the U.S. She thought it might hit the provider like a severe flu season, causing days-long community lockdowns […]
Brookdale Senior Living (NYSE: BKD) made another move to shore up its financial position during the coronavirus pandemic. The Brentwood, Tennessee-based owner and operator on Thursday announced it obtained a 10-year, $221 million refinancing package for the majority of its outstanding 2020 and 2021 debt maturities. The refinancing was provided by Newmark Knight Frank (Nasdaq: […]
Senior housing investors should be considering how their potential returns will be affected by the timing of a Covid-19 vaccine. The good news is that even if a vaccine is not widely available until a year from now, and the financial performance of communities deteriorates until then, senior living still remains an attractive investment due […]