Sinceri Senior Living has its sights set on “double-digit occupancy growth” next year in a bid to widen margins further into 2024 — and CEO Chris Belford is feeling optimistic. Vancouver, Washington-based Sinceri has already surpassed pre-Covid levels in occupancy and all operating metrics are trending positive, Belford told SHN during a recent interview at […]
The slow rate of new construction starts and looming demand from the baby boomers have led to “the most favorable supply demand fundamentals the industry has ever experienced,” according to the top leader of Ventas (NYSE: VTR). Thanks to those conditions, Ventas CEO Debra Cafaro laid out that she sees “a compelling backdrop for multi-year […]
While short-term rent challenges remain between Maplewood Senior Living to Omega Healthcare Investors (NYSE: OHI), CEO Taylor Pickett believes the operator and other partners will in the future generate “reliable and growing cash flows” – the only thing he is unsure of is the timing of the company’s repayments. During the company’s third quarter earnings […]
Wichita-based Legend Senior Living has named Matthew Buchanan, son of CEO Tim Buchanan, as the company’s president. Buchanan first joined the senior living operator full-time in 2009 and worked up through the ranks over the years before his leadership appointment, which was publicized Nov. 2. His appointment comes as part of a succession plan years […]
With development and new construction still largely on hold throughout the senior living industry, Vi is for now focusing on growth in operations. Chicago-based Vi has had a largely positive year, with occupancy at its 10 continuing care retirement communities communities (CCRCs) still hovering at the 90% point and, as of September, move-in fees about […]
Willow Ridge Senior Living is in growth mode with a capital partner fueling its expansion, and, CEO Michael Morris says the company is evaluating its next opportunities for growth in the next 12 months. In a recent interview with Senior Housing News during the NIC Fall 2023 Conference, Morris outlined how the company intends to […]
This content is available as part of your SHN+ subscription This economic cycle is going to feel like a “slow-moving train wreck.” Shankh Mitra, CEO of Welltower (NYSE: WELL), said that last week at the National Investment Center for Seniors Housing & Care (NIC) Fall Conference in Chicago. And his comments were reinforced the next […]
Welltower CEO Shankh Mitra has a lot on his plate at the tail-end of 2023. Welltower (NYSE: WELL) is gearing up to launch its in-house operating platform in Canada within the coming weeks with Cogir, which recently expanded its relationship with the Toledo, Ohio-based real estate investment trust (REIT). All the while, billions of dollars […]
Welltower (NYSE: WELL) announced Monday it has expanded its relationship with Cogir after closing a 12-property, $885 million CAD transaction. The properties are located in Quebec, with Cogir continuing to manage them in a 95% to 5% joint venture agreement. The deal was closed subsequent to the end of the third quarter of 2023, according […]
Healthpeak Properties, Inc. (NYSE: PEAK) and Physicians Realty Trust (NYSE: DOC) have entered into an agreement to combine in an all-stock merger valued at approximately $21 billion, according to a news release issued Monday. Healthpeak’s senior housing holdings now include 15 continuing care retirement communities (CCRC) in five states and Washington D.C., with the highest […]
