After Restructuring, Five Star Posts First Quarterly Profit Since 2013

Five Star Senior Living (Nasdaq: FVE) has regained financial stability and is driving forward with operational initiatives. After posting a $33.2 million net loss in the first quarter of 2019, the Newton, Massachusetts-based senior living provider on Wednesday reported $4.2 million of net income in the second quarter, spurred by the completion of several transactions […]

Five Star Names Real Estate Veteran Wigglesworth as COO

After eight months, Five Star Senior Living (Nasdaq: FVE) has a new COO. The Newton, Massachusetts-based senior living owner and operator hired Margaret Wigglesworth for the role. She will assume her duties effective August 12, according to a release announcing the hire. Five Star has been without a COO since Scott Herzig left the company […]

Discovery Senior Living Names First COO in Wake of Sizable Deals

Discovery Senior Living is adding to its executive leadership by naming its first COO, the latest move in a period of rapid growth for the Bonita Springs, Florida-based company. Discovery hired Bill Sciortino for the newly created role. He was most recently in the same role at Chicago-based luxury senior living developer, owner and operator […]

Assisted Living Struggles Continue to Weigh on New Senior

New Senior Investment Group (NYSE: SNR) continues to make progress on its turnaround agenda, and is prioritizing assisted living, which continues to struggle with oversupply and labor costs. The performance disparity between the New York City-based real estate investment trust’s independent living and assisted living segments was on display during its Q2 2019 earnings call […]

Welltower Posts Strong Senior Housing Numbers Amid Operator Reshuffles

Welltower’s (NYSE: WELL) senior housing portfolio performance continued to pace strong earnings in the second quarter of 2019 — a period marked by a flurry of transactions. Leadership of the Toledo, Ohio-based real estate investment trust put those deals in greater context during Wednesday’s earnings call. They were approached by a buyer who offered attractive […]

Mobile Home Parks Become Red-Hot Senior Living Option

Mobile home parks have long been a part of the senior living landscape, and they have emerged as one of the most in-demand product types in recent years. They offer investors stability and steady returns, and they provide older adults amenities found at other senior housing communities at more reasonable price points. In fact, senior […]

Activist Shareholder Keeps the Heat on Brookdale with Latest Letter

Land & Buildings Investment Management continued its aggrieved pen pal relationship with Brookdale Senior Living (NYSE: BKD) on Tuesday. The activist shareholder sent the nation’s largest senior living operator’s shareholders its third open letter in July, the latest attempt to push Brookdale to unlock the value of its real estate. The newest letter does not […]

Medical Concierge in Senior Living Cuts Readmissions, Improves Length of Stay

Providing residents with a “concierge” — a primary point of contact to assist them with their medical needs and care — can result in numerous benefits both to older adults and senior living providers. The model can significantly improve residents’ overall health and quality of life, reduce health care costs and make care delivery more […]

Senior Housing Performance Tempers Ventas’ Strong Q2 Earnings

Ventas (NYSE: VTR) continues to deal with the realities of senior housing supply and demand dynamics, even as the company prepares for what it believes will be a reversal of fortune in that segment of its portfolio over the next five years. The Chicago-based health care real estate investment trust (REIT) reported funds from operations […]