Welltower Posts Strong Senior Housing Revenue, Sells $290 Million StoryPoint Portfolio

Welltower’s (NYSE: WELL) senior housing portfolio performance drove strong earnings in the first quarter of 2019, which also included notable transactions such as the $290 million disposition of a triple-net leased portfolio operated by StoryPoint Senior Living. The Toledo, Ohio-based health care real estate investment trust (REIT) on Tuesday reported total revenue of 1.27 billion […]

A Place for Mom Names Travel Tech Executive Kutscher as CEO

A Place for Mom (APFM) announced a change in leadership at the top of its corporate ranks. The nation’s largest senior housing referral service on Monday announced Larry Kutscher as CEO, effective immediately. He succeeds Sean Kell, who resigned as CEO and will continue to serve as a senior adviser to the company. Kutscher will […]

Camaraderie, Food Are Top Drivers of Assisted Living Satisfaction

Assisted living communities that foster a sense of camaraderie are viewed by residents as offering a greater quality of life. High marks on camaraderie also correspond to how likely a resident would be to make the same decision to move in, if given the opportunity again. That’s the main finding of People, Place, Programming: Quality […]

Ventas ‘Delighted’ by Senior Housing Trends, Anticipates ‘Pivot to Growth’

Ventas (NYSE: VTR) hit the ground running in the first quarter 2019 as it entered what CEO Debra Cafaro called a “pivot to growth,” which she anticipates will be fueled by increasingly favorable senior housing supply-demand dynamics. However, in the meantime, Ventas’ senior housing operating portfolio (SHOP) performance continues to be affected by elevated supply […]

Why Senior Living Should Ask More of University Partners

If senior living providers want to work with universities, they’re going to have to offer something of value — but they should ask for something in return, too. That’s according to Andrew Carle, a senior living consultant and former COO of Affinity Living. Carle knows a thing or two about senior living and academia, as […]

New Senior Receives $53M in Settlement with Fortress, Holiday, Board Members

New Senior Investment Group (NYSE: SNR) announced Wednesday it received $53 million as part of a lawsuit settlement. The New York City-based real estate investment trust (REIT) received the settlement from its largest investor, private equity firm Fortress Investment Group (NYSE: FIG), its primary operator, Holiday Acquisition Holdings, and members its board of directors. The […]

Many Senior Living Providers Focused on Improving Sales Process in 2019

Senior living providers looking to grow their business this year ought to take a closer look at their sales process. That’s according to new survey data from Enquire Solutions, a Greenwood Village, Colorado-based customer relationship management (CRM) and contact center company focused on senior housing. The latest report includes input from 3,967 senior care locations, […]

Grace Management Rolls Out Resort-Style, All-Inclusive Dining

Grace Management has started to revamp its dining operations, introducing all-inclusive pricing and creating multiple venues throughout its 53-property portfolio. Minneapolis-based Grace is the operating company affiliated with CPF Living, the senior housing arm of private equity firm Chicago Pacific Founders. The Grace portfolio has been built up through a series of acquisitions, so one […]

Legal Guardrails Apply to Underage Workers in Senior Living

Low unemployment numbers and labor shortages across the country have providers looking at creative ways to attract and retain workers, but they must exercise caution if their strategies involve underage employees such as high school students. Providers must understand the relevant state and federal regulations and follow them to the letter, Fisher Phillips Partner Samuel […]

Senior Living Must Scrap Old Playbooks as Change Sweeps Industry

Senior living is in a period of tremendous change and upheaval. Providers must accept this and get creative if they are to survive and thrive, five senior living executives said this week at the Argentum conference in San Antonio. “I think the common theme is change — change in how we operate, change in technology, […]