Activist Shareholder Again Pressures Brookdale on OpCo/PropCo Split

Land & Buildings is again pushing the nation’s largest senior living operator to consider splitting into an operating company and a real estate ownership company, and Brookdale re-affirmed that it has no intention of doing so. The Stamford, Connecticut-based real estate investment firm on Tuesday released yet another open letter to the shareholders of Brookdale […]

Urban Nonprofit Chicago Methodist Leverages JVs to Succeed in Tough Market

Chicago Methodist Senior Services (CMSS) knows a thing or two about forming partnerships that improve its operations and boost its local reputation. The senior housing and care nonprofit is based in the Chicago neighborhood of Andersonville, with five senior housing properties and an office in and around the area. As a smaller, multi-site organization, CMSS […]

Activist Shareholder Nominates Former HCP CEO Flaherty to Brookdale’s Board

James F. “Jay” Flaherty III may be making a return to senior living, if Land & Buildings Investment Management has its way. The Stamford, Connecticut-based real estate investment firm will nominate Flaherty, along with L&B founder and Chief Investment Officer Jonathan Litt, to the board of directors of Brookdale Senior Living (NYSE: BKD) at the […]

LCS Employee Research Nets Top Marks of Staff Retention

New research sheds light on some of the key reasons senior living employees stay in their jobs. And those who feel they make a difference; are positively recognized for their contributions; and trust their peers and supervisors may stick around longer than those who don’t. The research, conducted by senior living research firm Holleran Consulting […]

Aegis Living Fuels Staffing Efforts With ‘Aegis U’ Launch

Aegis Living is hoping to beat the labor crunch and bolster an upcoming growth spurt with an effort aimed at developing a new crop of company leaders. The Bellevue, Washington-based senior living provider on Tuesday launched “Aegis U,” a nine-month education program that will include a mix of community-level and classroom education with a focus […]

Senior Living Heeds Lessons from a Decade of RIDEA

Publicly traded and private real estate investment trusts are entering into RIDEA structures with senior housing operators at a level not seen for at least three years. This reflects that REITs have a better understanding of how RIDEA works, after an initial flurry of activity a decade ago, and they are more selective with their […]

Bufford to Step Down as Trilogy CEO, Barney Tapped as Successor

Randall Bufford is stepping down as president and CEO of Trilogy Health Services, to be succeeded by current COO Leigh Ann Barney. Bufford will transition to chairman of the board for the Louisville, Kentucky-based provider, effective Oct. 1, 2019, the company announced Friday. “I’ve been planning for this transition for over 10 years,” said Bufford, […]

Singh Combines Multifamily with Senior Housing for Intergenerational Living

In recent years, an increasing number of multifamily real estate developers have entered the senior living space, drawn by the promising demographics and “recession-proof” product. But Singh, a family-owned developer based near Detroit, was ahead of the curve in diversifying into senior living and is now leveraging its capabilities in new ways. Founded in 1973 […]

Solera Senior Living CEO: Pursuit of Scale Has Diluted Some Large Providers

Like any startup business, growth is a primary goal for Solera Senior Living — but so is clearly defining the company’s value proposition and sticking to it closely. “[Some large providers] are now in tertiary markets and secondary and primary, they’re doing affordable, they’re doing moderate [rate], they’re doing luxury, they’re doing ultra-luxury, they’re doing […]