CCRCs Bolster Financial Positions as Bond Market Comes Back Strong

Covid-19 disrupted capital market activity for senior living providers of all kinds, including nonprofit continuing care retirement communities (CCRCs). However, this summer has marked a shift, with multiple large financing deals being completed — a testament to greater confidence in bond market investors, and a reflection of CCRCs’ ability to withstand pandemic pressures. The coronavirus […]

Senior Living Distress Emerges, Smaller and Struggling Operators Hit First

In early March, five residents moved out of Rose Haven Assisted Living, a 28-bed assisted living facility in Merrimack, New Hampshire, right before the coronavirus pandemic swept across the U.S. The family-owned and operated facility already operated under tight margins. The loss of these residents — which were among the highest billed in Rose Haven’s […]

5 Top Covid-19 Lessons In Senior Living Operations, Design and Marketing

Senior living providers have grappled with many hardships due to Covid-19, but since the first state lockdown orders went out in mid-March, they have also amassed a wealth of knowledge around fighting the deadly disease. Today, many of them feel more confident that they can keep the disease out of their communities, or at least […]

What Senior Living Can Learn from the NBA’s Covid-19 Bubble Strategy

Senior living can draw inspiration from other industries for ways to move forward during the coronavirus pandemic — with professional sports leagues among the organizations to keep an eye on. All of the major sports leagues in the United States are attempting to start or finish their seasons in the wake of the crisis, with […]

Ventas Restructuring Gives Brookdale $500M Rent Savings Over 5 Years

Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) announced a revised master lease agreement Monday in which Brentwood, Tennessee-based operator Brookdale receives up to $500 million in rent reduction over the next five years. Ventas, a Chicago-based real estate investment trust (REIT), gains a potential equity stake in Brookdale. This agreement is designed to […]

Atria CEO Moore, Senior Living Developer Reis Bullish on Hotel Conversions

Prominent figures in senior living development and operations see a growing opportunity for hotel conversions, including in the highly competitive New York City market. “I think … looking to buy defaulted hotel notes and turning hotels into CCRCs will clearly come to the Upper West Side, the East Side, and into Manhattan,” Senior Care Development […]

Covid-19 Propels Shift Toward More Health Care-Focused Model of Senior Living

As a result of Covid-19, some senior living providers are shifting their operational model from one that primarily emphasizes hospitality and socialization to one that focuses on high-quality clinical care. This shift could be a watershed moment for the industry, which has long debated whether the private-pay senior living product is — and should be […]

Senior Living Deals Face ‘Real Issue with Debt,’ Longer Timelines, Stiffer Requirements

Senior housing capital markets remain unstable, four months after the coronavirus pandemic. But they are no longer in a state of “peak volatility.” Debt and equity lenders are returning to the space, but debt lenders in particular are slower to announce their presence, quick to retreat back to the sidelines, and are extremely cautious with […]

Leisure Living Management Freezes 2 Development Projects, Prioritizes Covid-19 Response

A Michigan owner operator is temporarily halting construction on two senior living communities as it focuses on keeping residents across its portfolio safe from the coronavirus pandemic. Grand Rapids-based Leisure Living Management will proceed with construction of the properties in the Michigan communities of St. Clair and Port Huron once the outbreak subsides, President and […]