Gardant Management Solutions is growing its presence in the Midwest with the addition of 25 communities to its senior living portfolio. The newly added 25 communities are located in Illinois and Ohio, according to an announcement. Bourbonnais, Illinois,-based Gardant is among the nation’s larger national senior living providers, and with the new management agreements, the […]
Category: Management
Ventas (NYSE: VTR) is transitioning operations of 26 previously troubled communities in three states to three new operators, the company announced Tuesday. All three are existing operating partners for the Chicago-based real estate investment trust (REIT). Sodalis Senior Living is slated to operate 13 communities in Texas, while Priority Life Care is operating eight communities […]
Throughout the years, hotels and restaurants have been a source for senior living community design inspiration. Now, that inspiration is beginning to flow in the opposite direction. As senior living architects and designers have forged ahead in these areas in recent years, hotels in 2023 are taking notice. And they are taking inspiration from senior […]
Tutera Senior Living and Health Care is expanding its senior living footprint through acquisitions, including by picking up a 10-property portfolio previously operated by Enlivant. On Thursday, Tutera announced the company recently added the 10 senior living communities in Kansas, Iowa and Nebraska to its portfolio. The communities are former properties owned by Enlivant and […]
Memory care is a complex, hands-on line of work where caregivers, residents and their families form close bonds. But at scale, maintaining a level of quality in memory care is easier said than done. Having a presence spread across multiple communities is a double-edged sword. With scale comes additional resources and support, typically from a […]
A “pivotal” second quarter and debt restructuring to shore up its balance sheet has set up Sonida Senior Living (NYSE: SNDA) for future rate growth, occupancy gains and investments, according to CEO Brandon Ribar. Last month, Sonida announced a debt restructuring and an equity infusion agreement covering 49 assets financed by Fannie Mae and Ally […]
Discovery Senior Living’s growth is continuing with the launch of a regional management company dedicated to overseeing communities in the Midwest. The new management company, LakeHouse Senior Living, is establishing a foothold for Bonita Springs, Florida-based Discovery’s communities across Indiana, Illinois, Michigan, Ohio, Pennsylvania and Wisconsin. The launch was executed with the new company now […]
Margins and occupancy are on the upswing for Pennant Group (Nasdaq: PNTG), and CEO Brent Guerisoli believes the company’s focus on cultivating “local CEOs” at the community level is a big reason why. Occupancy for Pennant’s 36 senior living communities ticked up to 78% in the second quarter of 2023, reflecting a gain of 150 […]
National Health Investors (NHI) is capitalizing on timely transactions, even as persistent challenges with some tenants continue to weigh on the company’s balance sheet. That said, management of the Murfreesboro, Tenn.-based real estate investment trust (REIT) said they see plenty of future upside in senior living, even with a potentially bumpy road ahead still left […]
Sabra Healthcare REIT (Nasdaq: SRBA) now sees “significant upside” in the 11 communities that were previously part of its Enlivant joint-venture after transitioning the properties to a new operator earlier this year. Sabra transferred management of 11 assisted living and memory care communities to McLean, Virginia-based senior living operator Inspirit Senior Living. With historic occupancy […]
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